American investors lost $11.4 billion U.S. to cryptocurrency scams in 2025, according to a new report from the Federal Bureau of Investigation (FBI).

The amount lost to crypto scams last year was up 22% from 2024, highlighting the growing scale of fraud taking place, said the FBI.

“Cryptocurrency investment scams are sophisticated long-term scams using psychological manipulation, the appearance of legitimacy, and exploitation,” reads the “Crypto Crime Report.”

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Most crypto scams today are perpetrated by organized crime groups based in Asia, many of which use victims of human trafficking as forced labor to run the operations.