2023 CRYPTOCURRENCY FRAUD REPORT

As the use of cryptocurrency in the global financial system continues to grow, so too does its use by

criminal actors. In 2023, the Federal Bureau of Investigation (FBI) Internet Crime Complaint Center (IC3)

received more than 69,000 complaints from the public regarding financial fraud involving the use of

cryptocurrency, such as bitcoin, ether, or tether. Estimated losses with a nexus to cryptocurrency

totaled more than $5.6 billion. While the number of cryptocurrency-related complaints represents only

about 10 percent of the total number of financial fraud complaints, the losses associated with these

complaints account for almost 50 percent of the total losses.