FBI: cryptocurrency investment fraud
increased by 53%
The FBI reported that according to their data, investment fraud related to cryptocurrencies accounted for 86% of all investment losses in the United States.
The Federal Bureau of Investigation (FBI) is a federal law enforcement agency and at the same time a domestic intelligence and counterintelligence agency, the anti-terrorism agency of the United States. It is part of the US Department of Justice and the US Intelligence Community.
The FBI's latest report found that investment fraud related to cryptocurrencies was the leading cause of investment losses in the United States in 2023.
According to the FBI report, the volume of investment losses associated with cryptocurrency increased from $2.57 billion in 2022 to approximately $3.94 billion in 2023, representing a 53% increase.
According to the FBI report, the volume of investment losses associated with cryptocurrency increased from $2.57 billion in 2022 to approximately $3.94 billion in 2023, representing a 53% increase.
Overall, the total losses from all types of investments in 2023 were $4.57 billion. Thus, the $3.94 billion lost to cryptocurrency scams represents about 86% of all investment fraud losses in the country.
Investment fraud losses are reported to the Internet Crime Complaint Center (IC3). Source: FBI/IC3
The FBI noted that the number of victims of crypto scams is growing as they are attracted by promises of significant returns on their investments.
One of the most common cryptocurrency scams that harm ordinary people is romance scams. In such cases, criminals use fake online identities to gain the trust of their victims, then convince them to send cryptocurrency before disappearing. Most often, as the name suggests, they appear to be attractive individuals of the opposite sex from the victim.
According to our colleagues at Chainalysis, in December 2023, romance scams were responsible for the alleged theft of at least $374 million in cryptocurrency.
However, it is not only the United States that is experiencing a problem with the growing number of victims of crypto fraud. Almost the entire world is experiencing similar dynamics.
For example, in April 2023, the Australian Competition and Consumer Commission (ACCC) reported that Australians lost A$221.3 million ($146.9 million) in 2022 due to investment scams that used cryptocurrency as a method payment. This is 162.4% more than in 2021.
According to our colleagues at Chainalysis, in December 2023, romance scams were responsible for the alleged theft of at least $374 million in cryptocurrency.
However, it is not only the United States that is experiencing a problem with the growing number of victims of crypto fraud. Almost the entire world is experiencing similar dynamics.
For example, in April 2023, the Australian Competition and Consumer Commission (ACCC) reported that Australians lost A$221.3 million ($146.9 million) in 2022 due to investment scams that used cryptocurrency as a method payment. This is 162.4% more than in 2021.
Types of fraud and the amount of losses due to them in Australia for 2022
However, the rise in the number of citizens falling victim to crypto fraud is not only observed in the United States; other countries around the world are also facing a similar problem.
In April 2023, the Australian Competition and Consumer Commission (ACCC) reported that Australians lost A$221.3 million ($146.9 million) in 2022 due to investment scams where cryptocurrency was used as a payment method. which is 162.4% more than in 2021.
In April 2023, the Australian Competition and Consumer Commission (ACCC) reported that Australians lost A$221.3 million ($146.9 million) in 2022 due to investment scams where cryptocurrency was used as a payment method. which is 162.4% more than in 2021.
We at AML Crypto want to remind you that you should not trust people you don’t know who are offering easy money. We recommend that you perform an AML verification of the crypto address in our solution Btrace such an “investment master”. The first AML check is free for every new user.
And if you do become a victim of crypto fraud or scam, then read this article and contact our specialists for blockchain investigation and return of stolen funds.
And if you do become a victim of crypto fraud or scam, then read this article and contact our specialists for blockchain investigation and return of stolen funds.
Check blockchain address using Btrace
In seconds, determine the risk level of the counterparty’s address, find out the source of his funds and make an informed decision about interacting with him.
PREVENT FUNDS BLOCKING
PROTECT YOURSELF FROM SCAMMERS
AVOID TROUBLE WITH THE LAW
We also recommend