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Rocketing Bitcoin prices driving cryptocurrency scams, FBI warns

Cryptocurrency scams led to losses exceeding $5.6 billion last year

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Bitcoin prices are flying high, with prices over $90,000 and likely hitting $100,000 any day now, creating frenzied buying by investors and rapacious activity by cybercriminals. 

“This is going to create a lot of FOMO ("Fear of Missing Out") and a lot of urgency around investing in bitcoin and paying with bitcoin,” said Eva Velasquez, president and chief executive of the Identity Theft Resource Center, in an MSNBC report.

Scammers “love, love, love to leverage external eve...

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