The Federal Bureau of Investigation (FBI), in a report released on Monday, September 9, said that Americans lost USD 5.6 billion in cryptocurrency fraud scams last year. The FBI report also showed a 45 per cent jump in losses from 2022. As per the report, the federal law enforcement agency of the United States received nearly 70,000 complaints in 2023 from victims of financial fraud involving bitcoin, ether, and other cryptocurrencies. FBI also said that the most rampant scheme was investment fraud, which accounted for USD 3.96 billion of the losses. FBI Offers USD 25,000 Reward on Cindy Rodriguez Singh, Wanted for Son’s Murder.

Investment Fraud Accounted for USD 3.96 Billion of the Losses, Says FBI

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