Investors lost record $5.6 billion to crypto fraud in 2023, FBI says

Bobby Cirus

Investors lost record .6 billion to crypto fraud in 2023, FBI says

According to the report released Monday, investment fraud was the most widespread — and most expensive — type of crypto-related fraud in 2023. Of the more than 69,000 reports of crypto-related crime the agency received last year, nearly half were reports of investment fraud, with investment fraudsters making off with as much as $4 billion. And while cryptocurrency crime only made up about 10% of the complaints the FBI received, the $5.6 billion was about half of the total losses suffered by complainants.

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