FBI says crypto-related fraud losses hit record $11.4 billion in 2025, with seniors bearing the brunt
Summary
The FBI's 2025 Internet Crime Report reveals that cryptocurrency-related fraud reached a record $11.4 billion, accounting for more than half of all internet crime losses. Investment scams remain the primary driver of these losses, often orchestrated by organized criminal groups in Southeast Asia. Notably, Americans aged 60 and older were disproportionately affected, reporting $4.4 billion in losses. The report also highlights emerging threats, including the integration of artificial intelligence in scams and a sharp increase in fraud involving cryptocurrency ATMs.
(Source:The Block)