September 17, 2024
Crypto Fraud Losses Reached $5.6 billion in 2023, FBI Says | Sync Up

2023 was a profitable year for crypto fraud, with scams resulting in $5.6 billion of lost funds. We’ll break down the biggest scams, how they work, and what you can do to protect yourself as we sit down and sync up with Rocket IT’s weekly technology update.
In this episode, you’ll hear more about:
- 2023’s record $5.6 billion in cryptocurrency fraud losses.
- The 45% surge in fraud reports from the FBI.
- How investment scams are tricking people.
- Other scams driving up losses, including tech support fraud.
- The U.S. leading global losses in crypto fraud.
- How scammers use dating apps and networking platforms.
- Liquidity mining and recovery scams explained.
- Tips on protecting yourself from cryptocurrency fraud.
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