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

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)