FBI’s Operation Level Up Tackles Surge in Crypto Scams

The FBI launched ‘Operation Level Up’ in 2024 to combat the increasing number of cryptocurrency scams across the United States. This operation has successfully prevented $285 million in potential losses, highlighting the urgent need for increased investor awareness and security measures within the crypto industry. The operation, a collaboration between the FBI and the Secret Service, has already identified 4,300 victims. These schemes are often perpetrated by organized criminal groups operating across all 50 states.