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.

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 ...

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.

Cryptocurrencies. Digital currency scams accounted for over 69,000 complaints and $5.6 billion in losses across all age groups. Unfortunately, crypto scams are easy to execute due to the ...