Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says

In response to the report revealed Monday, funding fraud was essentially the most pervasive – and costly – sort of crypto-related fraud in 2023. Of the greater than 69,000 experiences of crypto-related crime the company acquired final yr, almost half have been experiences of funding fraud, and funding fraudsters made off with a whopping $4 billion. And whereas crypto crimes solely made up about 10% of the complaints the FBI acquired, the $5.6 billion determine was roughly half the general loss by complainants.