FBI Says Crypto Investment Fraud Rose 183% to $2.57 Billion in 2022 – Featured Bitcoin News

The Federal Bureau of Investigation (FBI) says cryptocurrency funding fraud rose 183% from $907 million in 2021 to $2.57 billion in 2022, primarily based on information from its Web Crime Grievance Middle (IC3). The FBI additionally warned the general public of “a spike in cryptocurrency investment schemes.”

FBI’s Crypto Crime Statistics

The Federal Bureau of Investigation (FBI) revealed its 2022 Web Crime Report final week. The report is compiled utilizing information from the company’s Web Crime Grievance Middle (IC3) which “serves as a public resource to submit reports of cyberattacks and incidents,” the bureau described.

“In 2022, investment scams were the costliest scheme reported to the IC3. Investment fraud complaints increased from $1.45 billion in 2021 to $3.31 billion in 2022, which is a 127% [increase],” the FBI wrote, including:

Inside these complaints, cryptocurrency funding fraud rose from $907 million in 2021 to $2.57 billion in 2022, a rise of 183%.

“Crypto-investment scams saw unprecedented increases in the number of victims and the dollar losses to these investors. Many victims have assumed massive debt to cover losses from these fraudulent investments and the most targeted age group reporting this type of scam are victims ages 30 to 49,” the report particulars.

The FBI additionally highlighted prevalent cryptocurrency funding scams in 2022, equivalent to these associated to liquidity mining, hacked social media accounts, movie star impersonation, actual property professionals, and employment.

Following the discharge of its newest Web Crime Report, the FBI issued a public service announcement Monday, warning the general public of “a spike in cryptocurrency investment schemes.”

Citing information from IC3, the bureau defined: “Criminals, typically based overseas, defrauded victims of more than two billion U.S. dollars in 2022 using these schemes.” The announcement notes:

The schemes are socially-engineered and trust-enabled, often starting with a romance or confidence rip-off and evolving into cryptocurrency funding fraud.

What do you consider the FBI’s crypto fraud warning and crime statistics? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

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