FBI Report Estimates $5.6 Billion in Cryptocurrency Fraud Losses

Currency, cryptocurrency

Cryptocurrency scams and fraud in 2023 contributed to an estimated $5.6 billion in losses, a report from one of the federal government’s top law enforcement agencies says. 

The Federal Bureau of Investigation’s Cryptocurrency Fraud Report for 2023 found that the vast majority of losses – about $3.9 million – were related to cryptocurrency investment scams. 

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