The Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) issued an annual report detailing complaints and losses due to scams and fraud involving cryptocurrency in 2024.
According to a report released on April 23, the IC3 received More than 140,000 complaints refer to cryptocurrency in 2024, resulting in approximately $ 9.3 billion in losses. The Bureau reports that individuals over the age of 60 are most affected by crypto-related fraud, with approximately 33,000 complaints and $ 2.8 billion losses.
“Last year saw a new note for losses reported in the IC3, covering $ 16.6 billion,” the report said. “Fraud represents most of the reported losses in 2024, and ransomware is again the most widespread threat to critical infrastructure, with complaints rising by 9% from 2023,” the report says, adding that, as a group, the 60s suffered the most losses and submitted most of the complaints.
The report added that the results of the losses increased nearly 66% since 2023from about $ 5.6 billion to $ 9.3 billion. The most significant percentage of losses have occurred due to crypto investment schemes, while the largest number of complaints related to “sextortion” schemes, where scams manipulate photos and videos to create explicit content. Other scams include schemes involving the use of crypto ATMs or kiosks.
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In February, the FBI reported its “level of operation” Saved potential victims of crypto fraud Excess of $ 285 million between January 2024 and January 2025. However, Blockchain Analytics Firm Chainalysis has been thinking of 2025 can see the largest number of scams So far, because the development of AI is making the skill “more scalable and affordable for evil actors to perform.”
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All over the world, chainalysis Estimated that there is Excessive $ 41 billion in the prohibited volume of crypto in 2024, with almost 25% of funds involved in “hacking, oppressing, trafficking, or scam.” Some of the most high-profile crime profiles include $ 1.4 billion in crypto stolen from the exchange of bybit In March and North Korea Hackers who take more than $ 1.3 billion.
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