Cryptocurrency scams have led to $1.5 billion in losses, with Ethereum, Bitcoin, and XRP being the primary targets. These scams include phishing attacks, Ponzi schemes, and fake investment opportunities. The Federal Trade Commission (FTC) is tackling these issues by proposing a "click to cancel" rule to make it easier for consumers to cancel unwanted subscriptions, addressing deceptive practices in the market. Enhanced regulatory oversight and public awareness are also needed to protect investors from these sophisticated scams.