Crypto, Fintech Firms Must Stop Using FDIC Logo: Consumer Groups Consumers may be misled into thinking their money is insured when in fact it is not.
Crypto Scams Yield $1 Billion in 18 Months Crypto scams have taken $1 billion from consumers since January 2021, 60 times more than in 2018, with losses on track to equal or exceed in the next accounting. The $1 billion in losses were divided among about 46,000 victims, with a median loss of $2600 for each individual.
