Americans Lose Record $5.6 Billion Due to Cryptocurrency Scams
Americans lost $5.6 billion in 2023 to cryptocurrency scams, a record amount and 45% more than in 2022, the FBI reported. report about cryptocurrency scams. At the same time, although the number of cryptocurrency scams is only 10% of all financial scams last year, the losses of Americans in cryptocurrency reach 50% of losses from all financial frauds.
In total, in 2023, the FBI received almost 70,000 complaints from people who had suffered from cryptocurrency scams. And most often, people over 60 lost their cryptocurrency — almost 17,000 complaints were received from them. 10,000 complaints were received from Americans in the 30-39 and 40-49 age groups. Young people under 20 and those 20-29 years old trusted scammers the least. The largest number of Americans deceived by scammers lives in the state of California. The most common type of fraud last year was fake investment schemes, when criminals promise huge profits from investing in cryptocurrency and a complete lack of risk. Americans lost almost $4 billion on such schemes.
Why crypto investors bet on Trump's victory - in the article "Cryptocurrencies Shot at Donald Trump".
