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In fact, the FTC’s new data spotlight shows that, since October 2024, nearly 7,000 people reported losses to bogus cryptocurrency investments, adding up to more than $80 million. People ages 20-49 were more than five times more likely than other age groups to report losing money on those scams. WebUltimately, claiming a crypto/NFT scam as an investment loss will deduct the amount invested on Form 8949. For example, if I invested $5,000 in exchange for what I was told would be 20,000 tokens of XYZ in an ICO which turned out to be fraudulent, then my 8949 would include a sell entry with a $5,000 cost basis, a $0 proceeds, and a $5,000 loss. small slim rv recliner chair
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WebThese scammers are scamming people and using cryptocurrency like Bitcoin/Ethereum to hide under the radar. Today's video we were able to protect some victims... WebFeb 27, 2024 · 4. The Romance Scams . The con artist in a romance scam, like the con artist in a social engineering scam, earns the trust of the victim by appealing to their emotions. You can accomplish this through any number of online channels, including dating and social networking sites. WebJan 31, 2024 · Scammers create fake cryptocurrency trading platforms or fake versions of official crypto wallet to exploit victims. These fake sites tend to have similar, but slightly different domain names from the legitimate ones, sometimes making it hard for users to tell. highwater wealth management llc