FBI Warns of Rising Crypto Fraud Losses Among Elderly Americans

The FBI has issued a stark warning about the increasing risk of cryptocurrency scams targeting elderly Americans. In 2024, individuals aged 60 and above reported the highest losses from these types of fraud, amounting to $2.84 billion according to their Internet Crime Complaint Center (IC3) report. This represents a significant increase in internet-related crime overall, with total losses hitting a record $16.6 billion. The surge in online scams reflects a growing trend targeting vulnerable age groups, raising concerns about financial security for seniors.