Since October 2020, consumers have reported losing more than US$80mil (RM331.48mil) to crypto-investment scams, according to the US FTC. — Bloomberg
Dozens of consumers who were scammed by Elon Musk impersonators taking advantage of the recent cryptocurrency mania are begging the US Federal Trade Commission for help getting their money back.
Since October 2020, consumers have reported losing more than US$80mil (RM331.48mil) to crypto-investment scams, according to the federal agency. Many of the schemes promised that a celebrity associated with cryptocurrency would multiply and return any coins the consumer sent to their digital wallet. The losses to Elon Musk impersonators alone have exceeded US$2mil (RM8.28mil).
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
