Cryptocurrency Scams Bilk Victims Out Of $80 Million

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Cryptocurrency scams involving people claiming to be Tesla CEO Elon Musk resulted in the theft of $2 million over six months, according to a report from the Federal Trade Commission. Between October and March, almost 7,000 investors lost $80 million in various cryptocurrency scams, including those in which scammers claimed to be Musk. Q1 2021 hedge fund letters, conferences and more Cryptocurrency scams involving Elon MuskThe FTC said fraudsters impersonating Musk bilked investors out of $2 million in six months. Despite the large amount, that was still just a small amount of the total amount …

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