In 2023, the FBI’s Internet Crime Complaint Center received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud involving the use of cryptocurrency, with over $5.6 billion in reported losses. Criminal actors exploit cryptocurrencies for all schemes, to include tech support, confidence and romance, investment, and government impersonation scams. Investment fraud was the most reported cryptocurrency scheme in 2023, and also saw the most reported losses, with about $3.9 billion lost.
Recent Posts
- FATF summarises outcomes of the first FATF Plenary, led by Mexico’s President, Elisa de Anda Madrazo, held from Oct 23-25
- FCA cracks down on unregulated “finfluencers” promoting illegal financial products on social media, increasing scrutiny and taking legal action against those violating regulations
- Europol seizes over EUR 14m in counterfeit currency in operation targeting postal shipments
- INTERPOL global crackdown on illegal Football Gambling uncovers links to human trafficking, ML and fraud, seizing over USD 59m in illicit proceeds
- FINCEN and Partner FIU Officials meet in Canada for International Public-Private Partnership events on illicit finance
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