Cryptocurrency

Swap

Verify

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fbi-reveals-rapidly-increasing-cryptocurrency-fraud-in-2023/" data-wpel-link="internal">FBI Reveals Rapidly Increasing Cryptocurrency Fraud in 2023</a> 
Cryptocurrency markets continue to be a target for scammers. Law enforcement agencies solve many cases over time, but a significant portion of victims’ grievances are forgotten. Various attacks in 2023 caused losses amounting to 5.6 billion dollars in the <a href="https://en.coin-turk.com/trump-makes-bold-promises-at-bitcoin-conference/" data-wpel-link="internal">cryptocurrency</a> markets. The FBI ranked countries based on the scale of losses and number of complaints. 
<h2 style="text-align: justify" id="fbi-2023-crypto-report">FBI 2023 Crypto Report</h2> 
Financial fraud crimes existed before cryptocurrencies entered our lives. In its latest report, the FBI highlights the growing complexity of these attacks over the past year. FBI Director Christopher Wray wrote the following on the subject: 
<blockquote> 
 “The severity and complexity of frauds targeting cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are rapidly increasing. The best way to help stop these crimes is for people to report them to the Internet Crime Center, even if they have not experienced any loss. This allows us to track the latest attack methods and more.” 
</blockquote> 
In the summary section of the report, FBI employees listed some warnings to prevent victimization: 
<ul style="text-align: justify"> 
 <li>Attackers will try to rush you with promises and induce a sense of panic.</li> 
 <li>Verify the authenticity when a well-known person or company contacts you.</li> 
 <li>No government official will encourage you to deposit money via a cryptocurrency ATM.</li> 
 <li>Do not give your personal information to callers or message senders.</li> 
 <li>Avoid taking investment advice from people you haven’t met in real life through video calls.</li> 
 <li>Scammers direct people to fake websites; maintain your skepticism.</li> 
 <li>If an investment opportunity sounds unbelievably good, don’t believe it.</li> 
 <li>Approach quick-rich schemes with caution.</li> 
</ul> 
<h2 style="text-align: justify" id="ranking-of-victimized-countries">Ranking of Victimized Countries</h2> 
The table below, based on <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> from the FBI’s Internet Crime Complaint Center, shows which countries have the most victims. U.S. citizens filed 57,762 complaints in 2023, with total reported losses of 4.809 billion dollars. Canada is in second place. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387902 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/kripto-magduru-ulkeler.png" alt="" width="805" height="650"> 
The second region with the most losses is the Cayman Islands, likely related to U.S. citizens victimized by companies operating in that region. In 2023, Turkey also had 303 different fraud complaints submitted to IC3 (Internet Crime Complaint Center). 
Another notable detail in the report is the attack type classification. Attackers who approach individuals with promises of technical support to steal their cryptocurrencies represent 46% of the total crime rate. Mentions or messages received following posts including MetaMask or exchange names come from these attackers. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387903 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/saldiri-turune-gore-kripto.png" alt="" width="517" height="187"> 
Investment fraud tops the list of scam methods in terms of total losses. SIM Swap also represents a significant issue with 30 million dollars in losses. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387904 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/saldiri-turune-gore-kripto-genel-.png" alt="" width="852" height="572"> 
The last graph shared in the report for 2023 focuses on the scale of complaints and losses. The year-on-year increase is significant. 
<img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-387905 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/yildan-yila-kripto-dolandiricilik-FBI.png" alt="" width="808" height="541"> 
To view the complete report, you can visit the FBI’s website. 
The post <a href="https://en.coin-turk.com/fbi-reveals-rapidly-increasing-cryptocurrency-fraud-in-2023/" data-wpel-link="internal">FBI Reveals Rapidly Increasing Cryptocurrency Fraud in 2023</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

FBI Reveals Rapidly Increasing Cryptocurrency Fraud in 2023

Table of Contents

COINTURK NEWS

Other articles published on Sep 10, 2024

Magic Eden Launches New US Domain, Separates Services for US and International Users

Solana (SOL) Price Prediction for September 10

For passion and tech: A story of Robert Damilola’s journey from advertising into growth marketing

Musk Moon Memecoin to Surge 18,000% Ahead of Exchange Listings, While Shiba Inu and Dogecoin Lag

Morph launches CEX coalition to back blockchain developers, projects

ASAP Rocky Net Worth in 2024

Join our free newsletter for daily crypto updates!