Cryptocurrency fraud is now the riskiest scam for consumers, according to BBB
CBSN
Cryptocurrency and other investment scams are now the riskiest type of cons in the U.S., with crypto fraudsters frequently cheating their victims out of thousands of dollars, the Better Business Bureau said.
Scammers have found creative ways to cheat investors out of their money, the BBB said in its annual report about the biggest scams of 2023, which is based on 67,000 reports of scams.
About 80% of Americans targeted in crypto and investment scams last year lost money, the BBB reported. The median dollar amount lost was $3,800, "but many people lose much more than that" in crypto scams, said CBS News national consumer investigative correspondent Anna Werner.
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