Bitcoin latest – Elon Musk scammers stole more than $2million in crypto hacks as regulator reports ‘huge spike’

FRAUDSTERS impersonating Elon Musk have stolen more than $2million in cryptocurrency scams, the US Federal Trade Commission said on Monday.

In one type of scam, people are told that if they give a certain amount of cryptocurrency to a “celebrity” they will get more back.

“People have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators over just the past six months,” the FTC said.

Scammers also impersonate government authorities or a potential romantic partner, the FTC said.

Overall, nearly 7,000 people reported losses of more than $80 million since October, with a median loss of $1,900, the agency said.

That’s twelve times more reports of scams than the same period a year earlier, the agency said.

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