Buyers Misplaced File Excessive $5.6B to Crypto Scams in 2023, FBI Says

Based on the report printed Monday, funding fraud was essentially the most pervasive – and costly – kind of crypto-related fraud in 2023. Of the greater than 69,000 reviews of crypto-related crime the company acquired final 12 months, almost half had been reviews of funding fraud, and funding fraudsters made off with a whopping $4 billion. And whereas crypto crimes solely made up about 10% of the complaints the FBI acquired, the $5.6 billion determine was roughly half the general loss by complainants.