Crypto fraud losses skyrocket to $3.96 billion in 2023, says FBI

The Federal Bureau of Investigation (FBI) has disclosed that losses from crypto fraud schemes surged to $3.96 billion in 2023. This is a 53% spike from that of the previous year. As per the details from its latest report, the FBI’s internet crime complaint center (IC3) received over 69,000 complaints related to crypto frauds in