Investors Lost $5.8B to Crypto Scams in 2024: How to Stay Safe

Crypto’s volatility is well-known, with prices like Bitcoin’s sharp rise and fall in December. However, crypto scams are a growing threat. In 2024, $5.8 billion was lost to scams, especially among adults over 60.

Why? The unregulated nature of crypto and irreversible transactions make it an easy target for scammers.

Protect Yourself:

1. Avoid Quick Returns: Be cautious of promises that sound too good to be true.

2. Research Platforms: Use trusted exchanges.

3. Secure Wallets: Store crypto in private wallets.

4. Watch for Phishing: Avoid suspicious links.

5. Enable 2FA: Strengthen account security.

Crypto can be profitable, but always stay alert to avoid fraud.