BBB releases annual Scam Tracker Risk Report

Scams associated to cryptocurrency jumped from the seventh riskiest rip-off in 2020 to second riskiest in 2021, in keeping with the 2021 BBB Scam Tracker Risk Report, launched in March. Although cryptocurrency scams made up just one.9% of the scams reported to BBB Scam TrackerSM in 2021, the common reported median greenback loss reported for these scams was $1,200, a lot larger than the general median greenback lack of $169 for all rip-off varieties. The annual report analyzes scams reported to the Better Business Bureau.

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