Crypto Scams: Thousands of Americans Targeted by Financial Fraud in 2023
Sunday, 15 September 2024, 06:44
Escalating Financial Fraud with Crypto
In 2023, Americans have faced significant *financial losses* due to an upsurge in crypto scams. The FBI's latest report reveals that losses surpassed $5.6 billion last year, marking a shocking 45% rise from 2021. FBI Director Christopher Wray asserted that reporting crypto crimes, even without financial losses, is crucial to tackling this issue.
Key Statistics on Crypto Fraud
- Over 69,000 complaints documented
- Majority involve financial fraud in the crypto sector
- Targeted scams increasingly sophisticated
Fighting Back Against Fraud
Wray recommends individuals report any signs of fraud to the FBI's Internet Crime Complaint Center to improve response efforts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.