Americans’ losses to crypto scams rose to over $11 billion last year, FBI reports

Americans reported $11.4 billion in losses tied to cryptocurrency scams last year, 22% more than in 2024, highlighting the growing scale of digital asset fraud, an FBI report revealed Tuesday.

“Cryptocurrency investment scams are sophisticated long-term scams using psychological manipulation, the appearance of legitimacy, and exploitation of cryptocurrencies to deceive victims into investing large sums of money," the report said.

The report also said that most crypto scams are perpetrated by organized criminal enterprises based in Southeast Asia that exploit victims of human trafficking as forced labor to run the operations.

Crypto analytics firm Chainalysis released a report in January revealing that as much as $17 billion in crypto was lost worldwide to scams and frauds in 2025. Impersonation, crypto exchange impostors and AI-generated scams against individuals were gradually surpassing losses to cyber-attacks as the leading methods criminals were using to steal digital assets, according to the Crypto Crime Report.

The FBI noted in its report that the number of victims increased significantly. In 2025, there were 181,565 complaints involving cryptocurrency, a 21% increase. The average damage per case was $62,604, highlighting how victims are often drawn into schemes that extract substantial amounts rather than small sums, the bureau said.

Losses are also heavily concentrated. Nearly 18,600 complainants each lost more than $100,000, suggesting many victims are losing life-changing amounts, including savings and retirement funds.

More broadly, crypto scams now sit at the center of a wider surge in online fraud. Americans filed more than 1 million cybercrime complaints in 2025, with losses exceeding $20.8 billion. Fraud and scams accounted for the overwhelming majority of those losses, reflecting what the FBI describes as a rapidly evolving threat landscape.