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The FBI released its 2023 annual report on cybercrime, revealing that Americans reported over $12.5 billion in losses to online fraud, with investment scams being the most-reported crime. Losses to investment fraud grew 38% year over year, totaling $4.57 billion, with $3.94 billion related to crypto. Scamming is on the rise, with people losing $10 billion to scams in 2023, a $1 billion increase over 2022 and the highest amount ever recorded. Crypto-related investment fraud rose by 53% in 2023, accounting for the majority of investment losses in the U.S.
An FBI report reveals that Americans lost $3.94B to crypto investment scams in 2023. The report also brought to light that the overall investment frauds saw a 38% increase. The majority of these frauds were cryptocurrency scams. https://t.co/BGrsxS9fQD
February witnessed a significant uptick in crypto phishing scams, culminating in the loss of more than $46.8 million across over 57,000 individual incidents, according to a report by Scam Sniffer https://t.co/SJHRx2hsC0
CRYPTO PHISHING ACCOUNTED FOR $47M IN LOSSES IN FEBRUARY - Scam Sniffer's latest report exposes the rampant crypto phishing attacks that targeted over 57,000 individuals in February, leading to a staggering loss of $46.8 million. - The report not only focuses on February but… https://t.co/2JNiGC2CN4 https://t.co/kXJcHnI7Mm