Investors have lost over $1.2 billion in crypto scams since 2021 to date Mind you, this is crypto-only, leave alone Phishing scams, social engineering scams, romance scams & Imposter scams which has seen a whooping $34B of hard earned money drained from Americans alone. It really doesn’t matter how well informed you are or how intelligent you are, at some point you will fall prey to scams either online or offline especially with this budding web 3.0 industry. So, how are these scams successful & why? First, Let's crunch some numbers down.. 46k+ people have fallen victims to crypto scams since the start of 2021 $680 million lost to scammers was reported in 2021 $329 Million lost to scammers in Q1 2022 alone The average individual loss is $2,600 The average losses increase with age, topping out at $11,708 for people in their 70s Now, to put things to perspective, these numbers are bigger than the GDP of countries like Dominica & Palau combined Remember, this are pure cryp...
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