Senior US Citizens Suffer Significant Losses from Cryptocurrency Frauds, FBI's IC3 Notes $2.8 Billion in Damages
The FBI's Internet Crime Complaint Center (IC3) 2024 annual report shows a surge in cryptocurrency-related fraud incidents, with over 140,000 complaints leading to $9.3 billion in losses. A significant portion of these losses ($2.8 billion) was borne by older Americans aged 60 and above.
The report shows a 66% year-over-year increase in losses from such scams, mainly investment frauds, sextortion, and crypto ATM fraud. Also, ransomware attacks increased by 9% in 2024. Pig butchering scams, previously targeting older people, are now affecting younger individuals, especially those aged 30-49.
As a response, 'Operation Level Up' was launched in collaboration with the FBI and the US Secret Service to tackle crypto investment fraud, saving an estimated $285.6 million for victims and providing support for those showing suicidal tendencies.
🚀$3B inflow into Bitcoin spot ETFs this week, biggest pump since Nov 2024!
📉Meanwhile, Bitcoin price dipped below $94K...yeah, go figure.
🏦BlackRock’s IBIT flexing hard with $240M daily inflow, topping $56B AUM.
📈Trading volume exploded too, $18.7B this week vs $7.1B last week.
👀Overall vibe? ETFs stacking sats, price still shaky...classic crypto chaos.
April’s Crypto Rollercoaster: Bulls, Billions & Big Deals 🎢
Hold on to your keys, traders—April 26–27 delivered a tidal wave of action:
Bitcoin on a Bull Run
The king of crypto blasted past $94 000, cruising above its 50- and 200-day averages and even outpacing Google’s market cap as the fifth-most valuable asset on the planet. 🚀
ETF Inflows Skyrocket
U.S. spot Bitcoin ETFs hauled in over $3 billion this week—the biggest institutional binge since last November—fueling fresh FOMO across the board. 📈
XRP Futures Incoming
Get ready, alt-coin army: CME Group is rolling out XRP futures next month, opening the floodgates for smart-money exposure beyond just BTC and ETH. 📊
Trump-Powered SPAC Mania
The 2024 campaign comeback effect? Twenty One Capital’s $3.6 billion SPAC merger (backed by Tether, Bitfinex & SoftBank) is set to raise $585 million more for a massive Bitcoin haul. 🇺🇸💼
TIME100 Talks & Stablecoin Cheers
Circle’s Dante Disparte and CFTC Chair Caroline Pham brought bipartisan vibes to the table, tipping regulatory scales toward clearer stablecoin rules—and giving the market an extra boost of confidence. 🤝
Crypto Rover’s Green Light
No overbought signals here—funding rates, RSI and on-chain metrics remain neutral or bullish, suggesting there’s still room to run before we hit extreme territory. 🛰️
Buckle up: if the bulls hold this pace, we might just blast through fresh all-time highs as May unfolds. Are you ready for the next leg? 🎯
$BTC
{future}(BTCUSDT)
Everyone ignored privacy in crypto… until institutions started moving on-chain and realized: “Wait, people can see everything?” Now it’s a race—and @hinkal_protocol is ahead. They’ve built true on-chain privacy for wallets & transactions on EVM + Solana. No hoops. No weird UX. Just seamless infra:
・Works with wallets & multisigs
・Private send/receive/swap/LP
・SDK support for stealth txs
・Powered by $HINK — relayers earn fees
ZK, TEEs, stealth addresses, even AI under the hood. Feels like a wallet, works like armor. This is what the next generation of crypto infra looks like.