Americans lost $9.3B to crypto fraud in 2024 — FBI

Quick Summary:

Source: FBI“Last year saw a new record for losses reported to IC3, totaling a staggering $16.6 billion,” said the report.“Fraud represented the bulk of reported losses in 2024, and ransomware was again the most pervasive threat to critical infrastructure, with complaints rising 9% from 2023," notes the report, adding that, as a group, those over the age of 60 suffered the most losses and submitted the most complaints.

The Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) has released its annual report detailing complaints and losses due to scams and fraud involving cryptocurrency in 2024.

Related: Crypto scam uses trade war fears to lure victims, Canadian watchdogs warnIn February, the FBI reported its “Operation Level Up” had saved potential victims of crypto fraud roughly $285 million between January 2024 and January 2025.

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Article Details

Author / Journalist: Cointelegraph by Turner Wright

Category: Crypto

Markets: United StatesNorth Korea

Topics: Complaints Losses Reported Bureau Billion Crypto Report Been Scams 2024 Fraud

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 00:25:00 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 390 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28180590

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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