The FBI’s Internet Crime Complaint Center (IC3) revealed a sharp increase in crypto-related scams during 2024, with losses estimated at $9.3 billion. The report specifically highlighted a concerning trend: seniors over the age of 60 suffered the greatest financial impact, accounting for nearly $2.8 billion in lost funds. The FBI’s annual report on cybercrime, released on April 23rd, focused on complaints and fraudulent activities within the crypto sector and related losses incurred in 2024. Over 140,000 complaints were registered that year, totaling approximately $9.3 billion in losses. This represents a significant increase of 66% compared to the previous year, rising from $5.6 billion to $9.3 billion. The report attributed these losses primarily to fraudulent crypto investment schemes and extortion scams, where scammers used manipulated images and videos to gain access to personal information and extort money.