According to a new study, bitcoin owners lost more than $43.6 million in 2022 as a result of scams on gaming and metaverse sites. According to a study by Smart Betting Guide and the REKT database, exit scams and other vulnerabilities cost cryptocurrencycurrency users $1.7 billion in losses last year.
According to the investigation, some blockchains were more weak than others. Users of Arbitrum lost $552,652, while users of Binance lost $1.5 million. Phishing attempts, phony cryptocurrencycurrency exchanges in the metaverse, phony NFT initiatives, and gaming platform hacks were probably among the scams.
Targets might include game retailers like GameStop, Microsoft, and Best Buy that take cryptocurrencycurrency payments. Stablecoins recorded the lowest losses in 2023, coming in at $8 million, 95% less than the norm.
According to the research, February is third among the worst months for cryptocurrencycurrency frauds, with average losses of $623 million. The biggest average annual losses are recorded in December ($821 million), which is followed by January ($662 million). When transacting in the metaverse and in games, users should exercise caution by investigating platforms and reporting any fraudulent listings.
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