While the number of cryptocurrency-related complaints represents only about 10 percent of the total number of financial fraud complaints, the losses associated with these complaints account for almost 50 percent of the total losses.
The number of sophisticated crypto scams is growing, and we appreciate these federal agencies and organizations joining us in educating consumers about the threat they pose. It's critical that consumers know the red flags to look out for so that no one loses their hard-earned money.
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