Cryptocurrency fraud in the USA has reached record levels — $9.3 billion in losses for the year

The Federal Bureau of Investigation (FBI) has released a report indicating that American losses from cryptocurrency fraud in 2024 amounted to $9.3 billion. This is nearly double the previous year's losses of $5.6 billion.

The primary victims of fraud were older investors and users of decentralized financial platforms (DeFi). In particular, individuals over the age of 60 suffered losses totaling over $1.24 billion.

The most common type of fraud involved investment schemes that promised high returns with minimal risks. Fraudsters often established trusting relationships with victims through social media or dating apps, and then persuaded them to invest in fake cryptocurrency platforms.

Overall, in 2024, the FBI received over 69,000 complaints related to cryptocurrency fraud. This data indicates a growing threat to investors and the need for enhanced security measures in the digital assets space.

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