Folks in the U.S. misplaced $1.56 billion to cryptocurrency-related scams over the previous 12 months.
That is in response to cybersecurity options supplier
Nationwide, fraud losses have been estimated to achieve over
The info contains instances in which the cost technique was crypto, however the scams themselves weren’t essentially crypto-related. Over half of all fraud losses in cryptocurrency in 2023 stemmed from miscellaneous investments and funding recommendation fraud, amounting to $829 million in complete losses, or a $34,000 loss per sufferer. This was adopted by romance scams and enterprise imposter scams, ensuing in losses of $179 million and $140 million, respectively.
Surfshark famous that there was a marked uptick in cryptocurrency-related scams over the previous few years. In distinction, losses final 12 months have been double these skilled in 2021, when the common loss per sufferer was the a lot decrease, however nonetheless materials sum of $18,000. Nonetheless, there is perhaps some silver lining, as the general improve confirmed minimal deviation from the figures in 2022.
General, it appears losses are plateauing. Nonetheless, even when this pattern of stalled progress continues into 2024, the scope of cryptocurrency losses positions it as a big risk for the 12 months, warranting warning for all present and future crypto holders.