$5.6B lost in crypto scams, 45% rise from 2022, FBI reports; elderly most affected, losses $1.6B.

In 2023, Americans lost $5.6 billion to cryptocurrency scams, marking a 45% increase from the previous year, according to the FBI. The elderly, particularly those over 60, were most affected, with losses around $1.6 billion. Scammers often build trust before promoting fraudulent investments. The FBI is training law enforcement and collaborating with banks to recognize warning signs of such scams, as many victims remain unaware of their losses.

September 09, 2024
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