Americans lost $5.6 billion to crypto scams in 2023, making up 50% of fraud losses: FBI report

Americans lost a staggering $5.6 billion to cryptocurrency scams in 2023, according to a new report by the FBI’s Internet Crime Complaint Center (IC3). This figure represents nearly half of the total financial fraud losses for the year, even though crypto-related cases account for only 10% of fraud complaints. The rise of cryptocurrency scams highlights