• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

FBI Reports 45% Year-Over-Year Increase in Crypto Scam Losses

user avatar

by Giorgi Kostiuk

2 years ago

  1. Increase in Crypto Scam Losses
  2. Number of Complaints and Age of Victims
  3. Prevalence in the US and Scam Methods


    4. The Federal Bureau of Investigation (FBI) has released a report highlighting a significant increase in crypto scam losses over the past year. The report emphasizes the surge in both complaints and losses related to various types of fraud.

    Increase in Crypto Scam Losses

    According to the FBI, Americans suffered a staggering $5.6 billion in losses due to digital currency fraud last year. This marks a 45% year-over-year increase, underscoring the severity of the issue.

    Number of Complaints and Age of Victims

    The FBI handled 69,000 crypto-related fraud complaints last year. For comparison, complaints were almost nonexistent back in 2017 despite the rising popularity of cryptocurrencies. The majority of complaints came from individuals over the age of 60.

    Prevalence in the US and Scam Methods

    California, Florida, and Texas are leading states in terms of the number of crypto scam complaints. The Internet Crime Complaint Center, a division of the FBI, encounters various types of fraud daily, including investment scams, tech support, personal data breaches, extortion, romance scams, phishing, and employment scams. SIM-swapping is the least common type of scam with only 300 complaints.

    The FBI advises potential victims to be cautious of too-good-to-be-true investment opportunities, and to avoid sketchy applications and websites that may impersonate legitimate crypto companies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana's Price Drops Below 80 Amidst Ongoing Ecosystem Development

chest

Solana's price has fallen below the 80 mark, raising caution among traders, but the ecosystem continues to grow with real-world assets and DeFi activities.

user avatarDiego Alvarez

Revised Editorial Guidelines Target Improved Content Quality.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in content.

user avatarKenji Takahashi

New Editorial Policy Launched to Ensure Content Quality

chest

A new editorial policy has been established to enhance the quality of content.

user avatarMaria Fernandez

Challenges for Shiba Inu to Reach 1 Price Level

chest

Experts discuss the improbability of Shiba Inu SHIB reaching the 1 price level due to its high supply and market cap implications.

user avatarRajesh Kumar

Shiba Inu SHIB Faces Challenges in Regaining Popularity

chest

Shiba Inu SHIB has faced a significant decline in value since its peak in 2021, primarily due to the high supply of SHIB coins, which stands at about 589 trillion. The challenges of reducing supply and boosting demand remain substantial.

user avatarGustavo Mendoza

Robinhood Expands into Stablecoin Yield with New Earn Structure

chest

Robinhood has launched a new Earn structure offering a 7% APY tied to USDG, entering the stablecoin yield market to attract users and enhance engagement.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.