X @BSCN

FTC: SOCIAL MEDIA SCAMS COST AMERICANS $2.1B IN 2025, EIGHT TIMES 2020 LEVELAmericans lost $2.1 billion to scams that started on social media in 2025, an eightfold increase since 2020, the @FTC said today. Nearly 30% of all reported scam losses originated on social media, more than any other contact method.Investment scams led the breakdown at $1.1 billion, more than half the social media total. The FTC described the typical setup as fake investing programs pitched through ads or posts, plus WhatsApp groups ...