In brief
- Crypto ATM fraud complaints jumped 99% in a year, with seniors losing over $107 million.
- The average loss for victims over 60 reached $83K, four times the overall average.
- Investment scams remain a primary threat, accounting for $1.6B in losses among seniors.
The FBI’s Internet Crime Complaint Center (IC3) has revealed a troubling trend in its 2024 annual report, released on Wednesday.
Americans aged 60 and older are most vulnerable to crypto fraud, despite making up a smaller portion of the population, the agency found.
“The criminals Americans face today may look different than in years past, but they still want the same thing: to harm Americans for their own benefit,” B. Chad Yarbrough, operations director at the FBI’s…
Apr 24 2025
