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Recent statistics reveal that in the past year alone, Americans lost over $5 billion to crypto-related fraud. The anonymity offered by cryptocurrency has turned it into a popular target for scammers seeking to exploit unsuspecting individuals. It’s a sobering reminder that anyone can be vulnerable to a scam, regardless of education, socio-economic background, or sophistication.
Many victims recount a pattern: a gradual build-up of trust before the realization dawns that they have been defrauded, draining them financially and emotionally.