FBI Report: Crypto Scams Drain $9.3B from US Investors in 2024
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Crypto’s Wild West era isn’t over—it just got more expensive. The FBI’s latest numbers reveal a staggering $9.3 billion vanished into fraudulent schemes last year, proving even ’decentralized’ finance can’t escape centralized greed.
Where’d the money go? From rug pulls masquerading as DeFi innovations to old-school Ponzis wearing NFT disguises, scammers exploited crypto’s hype cycle with surgical precision. Meanwhile, traditional finance firms quietly added ’blockchain’ to their PowerPoints and watched their stock prices jump 20%.
The bitter irony? This $9.3B hemorrhage occurred during a bull market—when due diligence tends to be the first casualty of FOMO.
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