FBI Reveals 45% Surge in Crypto Fraud with $5.6 Billion Lost in 2023
In 2023, cryptocurrency-related fraud surged by 45%, leading to over $5.6 billion in losses, with investment scams being the most significant contributor. The FBI highlighted that elderly individuals are particularly vulnerable, and emerging scams like those involving crypto ATMs and play-to-earn schemes are on the rise, urging increased vigilance and regulatory measures.
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