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FTC says Americans lost $12.5B to scams last year — social media, AI, and crypto didn’t help
- FTC reported that Americans lost $12.5 billion to scams in 2024.
- Social media was the most common way people were contacted by scammers.
- Impostor scams, creating a sense of urgency, were the most common type of scams.
- Traditional bank transfers and cryptocurrency payments were the most common methods of losing money to scams.
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