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This story originally appeared on ValueWalk

According to the Federal Trade Commission (FTC), between October 2020 and April this year, more than 7,000 Americans lost over $80 million in crypto scams –a median loss of 1,900. This is about 12 times more than the same period a year earlier, with people in their 20s and 30s the most affected.

Q2 2021 hedge fund letters, conferences and more

How can investors recover from crypto scams? Fortunately, while cryptocurrencies mainstream and potential investors educate themselves on the industry, options similar to Elyt ChargeBack can help people salvage their assets.

Crypto Scams, A Growing Issue

Not all that glitters is bitcoin. As prices go up, so do hoaxes, and cybercrime victims are frequently lured to fake websites that promise huge returns for cryptocurrency

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