If blockchain allows this, how is it not worse than the current system? This is a massive portion of all crypto transactions

FBI: Americans aged 60 and older reported losing almost $3 billion to crypto fraud last year. In total, Americans reported being scammed out of around $9.3 billion via crypto, out of a total $16.6 billion in total reported losses that year. https://t.co/xupom9DeUn

Molly White

If blockchain allows this, how is it not worse than the current system? This is a massive portion of all crypto transactions https://x.com/molly0xfff/status/1915148232574804193?s=46

Reporter at Drop Site News, co-host at Breaking Points/Counter Points

To put this in perspective, Bernie Madoff alone was a $64.8 billion situation.

The dollar figure is based on IC3 complaint data, I wonder how much of that are people who averaged a loss of $65,000 but have liquid annual net worths in the 7-8+ figure range.