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Crypto fraud increased 45% last year to $5.6 billion

September 11, 2024September 11, 2024 Abhijeet0Tagged 2023 cryptocurrency fraud, consumer protection, crypto crime statistics, cryptocurrency awareness, cryptocurrency fraud, cryptocurrency losses, cryptocurrency market trends, cryptocurrency recovery scams, cryptocurrency regulations, cryptocurrency security, cybercrime, digital asset scams, digital currency fraud, elderly victims, FBI report, financial fraud, financial technology, fraud prevention, IC3 report, Internet Crime Complaint Center, investment fraud trends, investment scams, online scams, pig butchering scams, social engineering, trust-based scams

In 2023, the FBI reported a significant surge in cryptocurrency-related fraud, with losses reaching an alarming $5.6 billion, marking a 45% increase from the previous year. This report, the FBI’s inaugural Cryptocurrency Fraud Report, highlights the growing trend of scams that exploit the burgeoning cryptocurrency market, particularly targeting vulnerable populations such as older adults. Overview […]

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