Cryptocurrency Investment Scams in the United States Result in $3.94 Billion in Losses in 2023

A new report from the Federal Bureau of Investigation (FBI) reveals that cryptocurrency investment scams in the United States amounted to $3.94 billion in losses in 2023, representing a 53% increase from $2.57 billion in 2022. According to the FBI's “2023 Internet Crime Report,” the total amount lost to investment scams rose by 38% from $3.31 billion to $4.57 billion. Cryptocurrency scams accounted for the majority of these fraudulent cases, underscoring the significant role cryptocurrencies play in online crime.