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Complete Story
04/08/2026
Cryptocurrency and AI Scams Bilk Americans of Billions
FBI
The FBI’s 2025 Internet Crime Report shows cyber-enabled crimes defrauded Americans of nearly $21 billion, with cryptocurrency and artificial intelligence-related complaints among the costliest.
The Internet Crime Complaint Center (IC3) received 1,008,597 total complaints, an increase from 859,532 in 2024. Phishing/spoofing, extortion, and investment schemes were the most frequently reported complaints. Americans over 60 reported approximately $7.7 billion in losses, up 37% from 2024.
The IC3 received approximately 453,000 cyber-enabled fraud complaints, with reported losses exceeding $17.7 billion. Investment fraud remains the primary driver, accounting for nearly 49% of all scam-related losses.
Americans who submitted complaints involving cryptocurrency reported the highest losses, with 181,565 complaints totaling more than $11 billion. In 2024, the FBI launched Operation Level Up, a proactive initiative to identify and notify people who are currently falling victim to cryptocurrency investment fraud. Since its inception, the initiative has surpassed 8,000 total victims notified and reduced losses by more than $500 million. In 2026, the FBI launched Operation Winter SHIELD, highlighting concrete steps organizations can take to bolster their digital security.
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