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.

A jump in crypto-related investment scams fueled the overall increase in fraud. Victims reported nearly $4 billion in crypto ... crypto fraud to recover the stolen money. “Many victims have ...

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.

But so too do scams and malware designed to steal your crypto ... or $5.6 billion for the year. That’s a 43% annual increase, with cryptocurrency stolen across all the major cybercrime types ...