Ah, cryptocurrency, the shiny new magic money that’s about as trustworthy as a fox guarding a henhouse! In 2024, the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) just dropped their annual report, and let me tell you, it’s a doozy. The IC3 received over 140,000 complaints about cryptocurrency fraud—who knew you could get scammed so much by a bunch of numbers on a screen? Well, turns out, it’s a lot. A whopping $9.3 billion down the drain. 💸
And guess who’s getting most of the golden eggs stolen from their baskets? Yup, it’s the good old folks over 60. The report says there were around 33,000 complaints from the elderly, with a grand total loss of $2.8 billion. No, that’s not a typo. Two. Point. Eight. Billion. 🏚️
But wait, there’s more! The report mentions that last year’s losses hit a brand new record—$16.6 billion. That’s like a mountain of cash, if mountains were made of money instead of rocks and dirt. Most of the losses came from fraud, of course. Ransomware is still lurking around like an unwanted guest at a party, up 9% from the year before. And let’s not forget the most popular scheme: sextortion. Fraudsters are playing with your photos and videos like they’re editing a movie. How charming! 🎥
The numbers are staggering, folks. A 66% increase in losses from the previous year. That’s right, a whopping jump from $5.6 billion in 2023 to $9.3 billion in 2024. The biggest chunk of those losses came from crypto investment scams, of course—because who wouldn’t want to give their life savings to a mysterious digital coin? 💎
But wait, the FBI is on it! In February, they launched “Operation Level Up,” which apparently saved potential victims of crypto fraud a cool $285 million between January 2024 and January 2025. A round of applause for that, please. 👏 However, the blockchain experts at Chainalysis are already predicting that 2025 will be the year of the mega-scam. Generative AI is making it easier for bad actors to get into the game and make their nefarious schemes even more widespread. And yes, “affordable” for them, terrifying for us. 😱
On a global scale, Chainalysis estimates that around $41 billion in crypto transactions were suspicious in 2024. That’s nearly half the GDP of some small countries! The big hits? North Korean hackers nabbing $1.3 billion and the Bybit exchange losing a cool $1.4 billion in March. At least the hackers are good at their job. 🙄
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2025-04-24 02:45