The FBI’s latest cryptocurrency fraud report shows a staggering $5.6 billion in
cryptocurrency losses in 2023, a 45% jump from 2022. Investment frauds drove
this increase, particularly through fake apps and schemes like “pig butchering.”
cryptocurrency losses in 2023, a 45% jump from 2022. Investment frauds drove
this increase, particularly through fake apps and schemes like “pig butchering.”
Regional Breakdown: Who’s Lost the Most?
The US accounted for $4.8 billion of the losses, with California leading at
$1.15 billion. Next is Texas with $412 million in losses, Florida with $390
million, and New York with $317 million.
While every region of th
