This Coinbase user lost $11.6 million in a cryptocurrency scam – Deseret News

A notification popped up on the user’s phone that said their account had been locked, according to Insider.

Cryptocurrency scams remain a potential issue for investors. Early in 2021, the Federal Trade Commission said consumers lost a combined $80 million in scams. And that was toward the beginning half of the year, so you can imagine numbers have climbed since then.

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