According to the Federal Trade Commission (FTC), in 2025, Americans lost $2.1 billion due to scams carried out on social media, an eightfold increase from 2020. Nearly 30% of those reporting financial losses due to fraud indicated that the scam originated from social media, making it the primary channel for scams.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin