Study ranks Florida, Georgia and Texas among states with highest cryptocurrency scam losses

As interest in cryptocurrency grows, scammers are using increasingly sophisticated tactics to target prospective investors in states including Georgia, Florida and Texas."While digital assets like cryptocurrency can be very convenient, their ease of use is exactly what makes them so risky and a common vehicle for cybercrime," said Adam Nasli, head broker analyst at BrokerChooser."Cryptocurrency scams have moved on far beyond simple spam emails and have become increasingly sophisticated with time," Nasli said. "They can target victims through social media, fake apps or companies, coaching and 'celebrity endorsements.' These are all ways in which you can be scammed."A new study from BrokerChooser, an online broker comparison website, analyzed 2024 FBI data to examine the financial impact of reported cryptocurrency fraud across the United States.The company then compared each state's reported losses with the cost of in-state college tuition to illustrate how many degrees could have been f