Losses from crypto scams grew 45% in 2023, FBI says
Bitcoin
Losses from cryptocurrency-related frauds and scams increased 45 per cent in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed and irreversibility of digital asset transactions, the U.S. FBI said Monday. WHY IT IS IMPORTANT Cryptocurrencies like bitcoin and ether have become more popular as token prices have soared to new highs and as exchange-traded funds tracking their prices have hit the U.S. market this year. That growth, however, has also
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