Americans were duped out of more than $5.6 billion last year through fraud schemes involving cryptocurrency, the FBI said in a report released Monday that shows a 45% jump in losses from 2022.

According to a report from the FBI, "pig butchering" and other crypto-related scams cost Americans $5.6 billion in 2023. Losses from investment scams in crypto increased by 53% over 2022.

Eventually, the sender convinced him to invest a small sum in a crypto wallet ... Trade Commission data showing $5.7 billion in losses due to investment scams, more than any other category.

According to the report released on April 23, the IC3 received more than 140,000 complaints referencing cryptocurrency in 2024, resulting in roughly $9.3 billion in losses. The bureau reported ...

In 2023, crypto scams cost victims more than $5.6 billion, according to an FBI report. "The prior Administration used the Justice Department to pursue a reckless strategy of regulation by ...