Crypto and investment frauds rank as the most perilous schemes in the United States presently, according to the Better Business Bureau (BBB). These fraudsters often deceive their victims, resulting in substantial financial losses, as revealed in the BBB’s annual report on the prevalent scams of 2023, compiled from approximately 67,000 reported incidents.

Last year, around 80% of U.S. citizens targeted by crypto fraud experienced monetary losses, with the median amount being $3,800. However, the losses incurred in crypto scams frequently exceed this figure significantly, according to CBS News’ Anna Werner, who specializes in…

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