Americans were duped out of more than $5.6 billion last year through fraud schemes involving cryptocurrency, the FBI said in a report released Monday that shows a 45% jump in losses from 2022.

To steal money, scammers are convincing victims to convert their cash into a digital-only cryptocurrency at freestanding ATMs.

In 2023, 16,806 Americans aged 60 and older contacted the Internet Crime Complaint Center to report they had fallen victim to scams ... total of $5.6 billion. Unfortunately, crypto scams are ...

According to a report from the FBI, "pig butchering" and other crypto-related scams cost Americans $5.6 billion in 2023. Losses from investment scams in crypto increased by 53% over 2022.

Eventually, the sender convinced him to invest a small sum in a crypto wallet ... Trade Commission data showing $5.7 billion in losses due to investment scams, more than any other category.

The fraud group, made up of individuals from Myanmar, Cambodia, and Thailand, allegedly laundered the stolen money ... the net losses from crypto scams reached $1.9 billion. The FBI believes ...

According to the report released on April 23, the IC3 received more than 140,000 complaints referencing cryptocurrency in 2024, resulting in roughly $9.3 billion in losses. The bureau reported ...