Social media scams cost Americans more than $2.1 billion last year, according to the FTC

According to a new FTC report, 30% of reported scams in 2025 began on social media, costing consumers more than $2.1 billion.

A third of all scam victims were hit by social media fraud — and losses are in the billions of dollars: FTC

It’s a social scam. According to the Federal Trade Commission, nearly 30% of people who reported being scammed in 2025 said ...