These Are the Most Popular Crypto Scams Since 2018, According to CFPB
According to the US Consumer Financial Protection Bureau (CFPB), romance scams and pig butchering schemes are recognized as the most popular tactics used by bitcoin scammers.
About 40% of the 8,300 complaints received by the bureau between October 2018 and September 2022 are related to cryptocurrency scams and scams.
With most of the victims, the attackers acted out a romantic scenario in order to take their money.
The tactic of “butchering the pigs” was also actively used, which involves creating the image of a successful crypto trader on the network with the promise of high returns on investment.
In third place among scammers is impersonation of influencers or support staff.
About 25% of complaints were about various problems with transactions. 16% related to hacks, frozen accounts, identity verification problems and other technological problems with crypto platforms.
