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Victims reported more than $5.6 billion in fraud related to cryptocurrency in 2023, a 45% increase from losses reported in 2022, the FBI said Monday in a new report. Crypto-related fraud jumped by ...
Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase from 2022. The FBI's 2023 cryptocurrency fraud report highlights the rise in crypto investment scams.
The FBI says that while crypto fraud complaints only make up about 10% of financial fraud reports, they comprise 50% of total losses—about $5.6 billion in 2023 alone, according to the agency’s ...
People in the U.S. reported losing $5.6 billion to cryptocurrency scams in 2023, ... told NBC News that pig butchering scams were by far the most lucrative form of cyberfraud last year, with an ...
The nine founding accounts of the cryptocurrency earned about $87 million from 50,000 people who invested in it and saw its value disappear, with many media outlets describing the situation as characteristic of a scam commonly known as a "rug pull". [1] [16] [25]
This investigation aims to uncover any potential fraudulent activities or hidden assets that could be used to compensate the victims. Collaboration with International Law Enforcement Agencies: The liquidators have teamed up with international law enforcement agencies, including the US Federal Bureau of Investigation , to assist in the recovery ...
Pig butchering cost Americans $5.6 billion last year. The term, used by scammers to describe crypto investment schemes, was especially apt in 2023, as losses increased 45% over the 2022 totals ...
Dion Guillaume, global head of public relations and communication at Gate.io, a cryptocurrency trading platform, classifies the most popular crypto scams into three major categories: Ponzi schemes ...