BBB: Annual Scam Tracker Risk Report released

Scams related to cryptocurrency jumped from the seventh-riskiest scam in 2020 to second-riskiest in 2021, according to the 2021 BBB Scam Tracker Risk Report, released today. Although cryptocurrency scams made up only 1.9% of the scams reported to BBB Scam Tracker in 2021, the average reported median dollar loss reported for these scams was $1,200, much higher than the overall median dollar loss of $169 for all scam types. The annual report analyzes scams reported to the Better Business Bureau.