A new report from the FBI reveals that elderly Americans lost a staggering $4.8 billion to cryptocurrency scams in 2024. The agency’s Criminal Investigative Division is actively combating these financial crimes, highlighting the growing vulnerability of seniors. This alarming figure marks a significant increase compared to previous years and underscores the urgency for robust regulatory measures and enhanced law enforcement responses. The FBI launched Operation Level Up in January 2024 to target rampant cryptocurrency fraud, with elderly citizens suffering the most losses. FBI Section Chief Christopher Delzotto emphasized the betrayal these victims experienced and the critical need to protect them while pursuing legislative changes.