$5.6B cryptocurrency fraud loss, 45% increase, 50% of financial fraud losses, per FBI.

In 2023, Americans lost $5.6 billion to cryptocurrency fraud, a 45% increase from the previous year, according to the FBI. The agency highlighted that cryptocurrency scams now account for 50% of all financial fraud losses. This surge underscores the growing risks associated with digital currencies and the importance of vigilance among investors.

September 09, 2024
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