In 2023, investors lost a staggering $5.6 billion to crypto-related financial crime, marking a 45% increase from 2022, as reported by the FBI.
Investment fraud emerged as the most widespread and costly form of crypto-related crime, with almost 50% of all complaints relating to scams that yielded $4 billion.
Confidence-enabled schemes, particularly pig butchering, have gained prevalence, as scammers build trust over time with victims before leading them into fraudulent investments.
Victims aged over 60 incurred the largest losses, amounting to over $1.24 billion in 2023, while those aged 30-49 filed the most complaints.
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