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FBI Reports Record $9.3 Billion in Crypto Scams as Elderly Americans Bear Brunt
FBI Reports Record $9.3 Billion in Crypto Scams as Elderly Americans Bear Brunt
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Cryptocurrency scams surged to unprecedented levels in 2024, with Americans losing $9.3 billion to fraudulent schemes—a 66% increase from the previous year’s $5.6 billion. The FBI’s latest report underscores the persistent vulnerability of investors despite heightened regulatory scrutiny.
Elderly citizens emerged as primary targets, reflecting scammers’ exploitation of demographic trust gaps. "The sophistication of these schemes now rivals traditional financial fraud," noted B. Chad Yarbrough of the FBI’s cyber division. No specific coins or exchanges were implicated in the advisory.
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