Crypto took a major hit last year with losses exceeding $5.6 billion, mainly driven by investment fraud, tech support scams, and social engineering via government impersonation. Latest findings published by the FBI’s Internet Crime Complaint Center (IC3), the product of almost 70,000 reports, marks this 45% rise as a new record high for the industry. The US alone accounts for $4.8 billion of these reported cases, followed by the Cayman Islands, Mexico, Canada, the UK, India, and Australia.
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