Buyer beware: be on the lookout for cryptocurrency scams

MEMPHIS, Tenn. — Beware of using cryptocurrency for payments. A new Federal Trade Commission report suggests cryptocurrency is becoming the payment of choice for many scammers.

The FTC said losses to crypto scams in 2021 were almost 60 times that reported in 2018.

ABC24 spoke with Daniel Irwin from the Better Business Bureau of the Mid-South about what consumers need to know about using cryptocurrency.

Here are some things to know to steer clear of a crypto con:

Leave a Reply

Your email address will not be published.