FBI: Americans Lost $5.6B To Crypto Scams In 2023

The Associated Press reports:

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.

The FBI received nearly 70,000 complaints in 2023 by victims of financial fraud involving bitcoin, ether and other cryptocurrencies, according to the FBI. The most rampant scheme was investment fraud, which accounted for $3.96 billion of the losses.

Scammers will often make contact through dating apps or social media to build trust over several weeks or months before suggesting cryptocurrency investing, the FBI said.

Read the full article. As a reminder, the Trump Crime Family is about to launch a crypto trading platform.

Americans lost $5.6 billion last year in cryptocurrency fraud scams, the FBI says https://t.co/cI5BdIplDS

— The Associated Press (@AP) September 9, 2024