WASHINGTON (AP) — Americans were duped out of more than $5.6 billion last year through fraud schemes involving cryptocurrency, the FBI said in a report...
WASHINGTON — Americans were duped out of more than $5.6 billion last year through fraud schemes involving cryptocurrency, the FBI said inThe FBI received nearly 70,000 complaints in 2023 by victims of financial fraud involving bitcoin, ether and other cryptocurrencies, according to the FBI . The most rampant scheme was investment fraud, which accounted for $3.96 billion of the losses.
Scammers will often make contact through dating apps or social media to build trust over several weeks or months before suggesting cryptocurrency investing, the FBI said. Once the relationship is built, they convince the targets to use fake websites or apps to invest their money, sometimes even allowing the victims to withdraw small amounts of money early on to make it seem legitimate.
FBI officials say Americans of all ages can be a target of such scams, and should be extremely cautious when presented with investment opportunities from people they've never met in real life.Apple's iPhone 16 gets a camera button, Action button and the A18 chipNix rushes for first score but throws two INTs as Broncos lose to Seattle, 26-20
Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed and irreversibility of digital asset transactions, the U.S. FBI said Monday. Cryptocurrencies like bitcoin and ether have become more popular as token prices have soared to new highs and as exchange-traded funds tracking their prices have hit the U.S. market this year.
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