Crypto Scams Cost Americans $11.4B, Up 22% in 2025
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Cryptocurrency scams soared in 2024, with Americans losing $11.4 billion, a 22% increase from 2023. These sophisticated operations, often run by organized crime rings in Southeast Asia, exploit human trafficking victims and use mind games to lure investors. The FBI received 181,565 complaints, with an average loss of $62,604 per person, many losing over $100,000. Global crypto fraud reached $17 billion, with impersonators and fake exchanges now the top threats. This surge is part of a larger online fraud trend, with Americans filing over 1 million cybercrime reports and losses exceeding $20.8 billion.
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