FBI Report: Crypto Fraud Losses Reach $11.4 Billion in 2025

The Federal Bureau of Investigation's Internet Crime Complaint Center released its 2025 annual report on Tuesday, revealing that cryptocurrency-related fraud cost American victims more than 11.4 billion last year, a 22 percent increase from 2024 and the highest figure since tracking began. This marked the second-largest category of cybercrime complaints, with 181,565 reports filed, behind only phishing at 191,561.

Overall, the report documented 1,008,597 cybercrime complaints nationwide, resulting in total losses of 20.9 billion, up 26 percent from the previous year. Cyber-enabled fraud accounted for the majority, totaling 17.7 billion, or 85 percent of all financial damage. Investment scams led the categories with 8.6 billion in losses, of which cryptocurrency schemes comprised 7.2 billion. These often involved criminals promising high returns on digital assets like Bitcoin, which reached new peaks in 2025, only to vanish after victims transferred funds to fake platforms.

The scams typically began with contact via social media, dating apps, or text messages, building trust over time before directing victims to fraudulent investment groups. Withdrawals were blocked by demands...