FBI Report Estimates $5.6B in Cryptocurrency Fraud Losses

By Brett Rowland | The Center Square (Worthy News) – Cryptocurrency scams and fraud in 2023 contributed to an estimated $5.6 billion in losses, a report from one of the federal government’s top law enforcement agencies says. The Federal Bureau of Investigation’s Cryptocurrency Fraud Report for 2023 found that the vast majority of losses – about $3.9 million – were related to cryptocurrency investment scams. “The decentralized nature of cryptocurrency, the speed of irreversible transactions, an