Funding scams led to the largest monetary losses, whereas sextortion circumstances have been essentially the most ceaselessly reported.
The Federal Bureau of Investigation (FBI) has revealed that People lost roughly $9.3 billion to cryptocurrency fraud in 2024. The determine marks a 66% improve in contrast to the earlier yr.
The information was printed in the FBI’s annual Web Crime Criticism Heart (IC3) report.
People aged 60 and older have been essentially the most closely impacted, accounting for $2.8 billion in losses throughout 33,000 complaints. Funding scams made up the biggest share of financial losses. ‘Sextortion’ scams, the place fraudsters used manipulated specific media, have been essentially the most ceaselessly reported.
Regardless of efforts just like the FBI’s ‘Operation Degree Up’, which helped stop $285 million in potential fraud, specialists warn that scams might proceed to rise in 2025.
Chainalysis pointed to generative AI as a significant enabler for cybercriminals, estimating $41 billion in international illicit crypto quantity in 2024 alone.
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