CandleFocus Americans lost over $5.6b in crypto scams in 2023, FBI says
2024-09-09
Author: Content Editor
A new FBI report has revealed that crypto-related scams and fraud surged in 2023, resulting in a 45% increase in losses compared to the previous year. The report states that total losses exceeded $5.6 billion, with investment scams accounting for 71% of these losses. The most vulnerable demographic seems to be individuals over 60, who reported the highest number of complaints and suffered collective losses exceeding $1.6 billion. Scammers often establish trust through dating apps or social media before luring victims into fraudulent investments. The FBI warned the public to exercise caution when approached with online investment opportunities.
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