Crypto Scam Losses Soar 66% in 2024, Says FBI Report
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Cryptocurrency fraud in the U.S. has escalated sharply, with losses reaching $9.3 billion in 2024—a 66% surge from the previous year’s $5.6 billion. The FBI’s Internet Crime Complaint Center (IC3) attributes the spike to sophisticated scams targeting vulnerable demographics, particularly seniors.
Over 140,000 complaints were filed in 2024, though authorities suspect underreporting masks the true scale. Elderly victims accounted for 33,000 cases, losing $2.8 billion to schemes exploiting limited digital asset literacy. Crypto ATM fraud emerged as a predominant tactic.
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