Fast Facts: Crypto Investment Scams 101

Cyber attackers continue to target networks, critical infrastructure, organizations, and individuals. Between 2021 and mid-2022, more than 46,000 people together reported losing $1 billion in crypto to scams, according to the U.S. Federal Trade Commission.

Matt O’Neill, deputy special agent in charge of cyber for the U.S. Secret Service, estimates that in 2022, U.S. consumers lost $2.6 billion in these scams and crypto scammers are on pace to surpass that number by the end of 2023.