The FBI's Internet Crime Complaint Center (IC3) reports a staggering $5.6 billion in estimated losses from cryptocurrency scams in 2023, a 45% increase from the previous year. California suffered the most significant losses, with over $1.155 billion reported.
Fraud sters swindled people out of an eye-popping amount of money using cryptocurrency-related schemes in 2023, according to the FBI . When it came to such losses in the U.S., the agency found some states were hit harder than others. Total estimated losses from cryptocurrency scams reached $5.6 billion in 2023, the FBI ’s Internet Crime Complaint Center said this week. That was an increase of 45% from the prior year.
The data showed there was a more than $743 million margin between reported cryptocurrency fraud losses in the Golden State and those recorded by people in the second-place state.
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