FBI SAYS $9.3B LOST TO CRYPTO SCAMS IN 2024, INCLUDING INVESTMENT FRAUD AND EXTORTION

The FBI has revealed that Americans lost a record $9.3 billion to crypto-related scams in 2024, a 66% surge from the previous year. The biggest offenders included investment fraud, pig butchering schemes, extortion, and scams involving crypto ATMs and kiosks.

The data highlights growing risks as digital assets gain adoption, especially among older investors who accounted for a large share of the losses.

Source: @cointelegraph