Crypto Scams Cost Americans Billions: FBI Alert

Cryptocurrency Scams Surge in 2023
Cryptocurrencies such as Bitcoin and Ether have become household names, piquing the interest of many who wish to invest in these digital assets. However, with the growing interest, the Federal Bureau of Investigation (FBI) has issued a stern warning about the rising tide of cryptocurrency scams. According to a recent report from the FBI, Americans were defrauded of more than $5.6 billion in 2023 alone. This represents a staggering 45 percent increase over the previous year's losses.