Crypto fraud losses surge to $5.6B in 2023: these states were hit hardest

Fraudsters 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 (IC3) said this week. That was an increase of 45% from the p