By Sean Lyngaas, CNN (CNN) — Victims reported more than $5.6 billion in fraud related to cryptocurrency in 2023, a 45% increase from losses reported in 2022, the FBI said Monday in a new report. A jump in crypto-related investment scams fueled the overall increase in fraud. Victims reported nearly $4 billion in crypto-related investment losses in 2023 compared to $2.57 billion in 2022. It’s the first time the FBI has published a report explicitly focused on crypto-related fraud from a larger set of annual fraud data, an FBI official told reporters on a call. Crypto-related fraud was close to a half of the record $12.5 billion in losses from online fraud reported to the FBI last year.
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