Better Business Bureau Warns About Cryptocurrency — BBB Ranks Crypto Scams Second Riskiest – Regulation Bitcoin News - BitcoinEthereumNews.com
The U.S. Better Business Bureau (BBB) says cryptocurrency scams have become the second riskiest. In addition, the organization noted that “Payment made via cryptocurrency that resulted in a monetary loss more than doubled from 2020.”n BBB Sees Rising Crypto Scams The U.S. Better Business Bureau (BBB) released its 2021 BBB Scam Tracker Risk Report Friday. “This anual report uses data submitted by individuals and businesses to BBB Scam Tracker to shed light on how scams are perpetrated, who is being targeted, which scams have the greatest impact, and much more,” the report explains. Founded in 1912, the BBB is a private, nonprofit organization focused on advancing marketplace trust, its website details. रिपोर्ट में कहा: Cryptocurrency scams rose from seventh riskiest in 2020 to the second riskiest scam in 2021. Online purchase scams maintained the top position as the riskiest, accounting for 37.4% of all scams reported to BBB Scam Tracker in 2021. Employment scams dropped from second riskiest to third in 2021. Better Business Bureaus top three riskiest scams. Source: BBB “Although cryptocurrency scams made up only 1.9% of the scams reported to BBB Scam Tracker, the median dollar loss was $1,200, much higher than the overall median dollar loss of $169. More than 66% of people reported