Traders Misplaced Document Excessive $5.6B to Crypto Scams in 2023, FBI Says

In accordance with 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 stories of crypto-related crime the company obtained final yr, almost half had been stories of funding fraud, and funding fraudsters made off with a whopping $four billion. And whereas crypto crimes solely made up about 10% of the complaints the FBI obtained, the $5.6 billion determine was roughly half the general loss by complainants.