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[faribakhazaei]

The US Federal Trade Commission (FTC) says digital currency crimes have risen 295 percent in the past year. On the other hand, the total value of lost assets related to fraud in this field has decreased compared to 2019. In 2020, the Federal Trade Commission reportedly received more than 82,000 complaints about digital currencies. Bitcoin is still the most popular digital currency among fraudsters, accounting for 94% of all complaints, after BTC in the 2nd place we see Etherium, with less than 1% of all cases.

 

[Niftyicon]

It is unfortunate that we have such statistics about cryptos, however, cybercrimes have increased generally thanks to how active the online space has become.

 

[SCAMEXPOSER]

Greed and lack of proper information.or orientation is the major reason behind the criminal activities online. People wants to make money without doing anything.

 

[LutherKing]

Well agreeable all points above I would add that countries with low wealth , less jobs and lack of education all add up to such favors to increase these things tbh in my opinion actually

 

[CryptoStar19]

This is to be expected: as value of crypto assets soars, so will crimes related to them because the incentive for gains from criminal activity is directly corelated with how valuable these assets are.

 

[Josemendez]

It is not surprising that there is an increase in crime committed through digital currency especially through cryptocurrency because if it's annoymous nature

 

[SCAMEXPOSER]

It is not surprising that there is an increase in crime committed through digital currency especially through cryptocurrency because if it's annoymous nature

I also believe that this annonymous nature of cryptocurrencies can be cracked if they want to crack it especially if when the need is required.

 

[Josemendez]

I also believe that this annonymous nature of cryptocurrencies can be cracked if they want to crack it especially if when the need is required.

Hmm , it might not really be easy for this to be achieved because right from the beginning , there was no room for the business to be centralized.

 

[BullyMaguire]

Well.. it's to be expected since this pandemic has started these frauds and scammers will be a log more active in their online businesses which is..

 

[Wisdom01]

think during the pandemic scammers obviously used the stay at home order by the government to scam people off their savings which doesn't look ideal , because lot of people suffered because of that , so that's why there was an increase last year

 

[Josemendez]

think during the pandemic scammers obviously used the stay at home order by the government to scam people off their savings which doesn't look ideal , because lot of people suffered because of that , so that's why there was an increase last year

Exactly , coupled with the fact that there were inflation , people sort for ways to give their money value but ended up falling into wrong hands