Scammers stole $770 million through social media in 2021, says FTC

The Federal Trade Commission, which is currently involved in a lawsuit to breakup Facebook and Instagram parent Meta, has released some stats pointing to the extent of social media fraud.
The top line stat from the FTC is that more than 95,000 people reported about $770 million in losses to fraud initiated on social media platforms in 2021. This apparently represents 25% of all reported losses to fraud for that year, and an eighteenfold increase over 2017. Presumably this exclusive to the US, al