FBI ties over $9b in 2024 fraud losses to crypto scams, led by ‘pig butchering’ schemes

Posted On April 24, 2025

Investment scams involving crypto accounted for more than 50% of all reported crypto losses in 2024, according to the FBI’s latest report. Cybercrime involving cryptocurrencies hit record highs in 2024, with the FBI’s Internet Crime Complaint Center reporting $16.6 billion…