FBI Reports $6 Billion Lost to Cryptocurrency Scams in 2024

In 2024, the FBI reported that Americans lost about $5.8 billion to cryptocurrency scams. Overall internet crime losses reached $16.6 billion, a rise of 33% from 2023. Cryptocurrency scams alone caused losses of $9.3 billion, up 66% from the previous year, highlighting a growing threat in digital financial fraud.

The Federal Bureau of Investigation (FBI) has sounded the alarm over a staggering loss of approximately $5.8 billion due to cryptocurrency-related investment scams in the year 2024. This figure is part of a larger report from the FBI’s Internet Crime Complaint Center (IC3), which indicated total losses from internet crimes hit an alarming $16.6 billion. This represents a considerable increase of 33% when compared to the previous year.

Notably, just crypto-related scams accounted for a massive $9.3 billion in losses, which marks a dramatic 66% rise from 2023. This sharp uptick raises serious concerns about the rising threat of digital currency fraud and the need for increased vigilance amongst investors and consumers alike.