FBI Reports Americans Lost $9.3 Billion to Cryptocurrency Crimes in 2024

In 2024, Americans reported $9.3 billion in losses from cryptocurrency-related crimes, a 66% increase from 2023, according to the FBI's Internet Crime Complaint Center (IC3) report.

Nearly 150,000 complaints related to crypto were filed
Investment fraud was the leading issue, with scammers promoting fake cryptocurrency platforms
"Pig butchering" scams involved building relationships before pushing fake investments
Crypto investment schemes accounted for $5.8 billion in losses
Data breaches were the second-largest category, causing $1.1 billion in losses
Individuals over 60 reported $2.8 billion in losses, the highest among age groups
The 40-49 age group suffered $1.4 billion, while those under 40 faced losses of approximately $1.37 billion
Over 8,000 complaints from seniors were linked to fake investment opportunities and tech support fraud
Operation Level Up helped identify thousands of victims and prevented around $285 million in further losses