$5.6B lost to cryptocurrency fraud schemes last year: FBI ...Middle East

Americans lost more than $5.6 billion in 2023 from fraud schemes involving cryptocurrency, according to the FBI. The agency, in a report published Monday, said the bureau received more than 69,000 complaints last year from victims of financial fraud involving cryptocurrencies — such as Bitcoin, Ethereum and Tether — equal to the roughly $5.6 billion in losses. This marked a 45 percent increase in losses since 2022, the report said. Most of these losses came from investment fraud, which accounted for $3.9 billion of the total loss, per the FBI. Personal data breaches ($494.4 million in losses) and tech support scams (nearly $421 million) also accounted for significant losses. Mic

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