The recent FBI report has revealed that in the US only in 2024, the loss of $ 9.3 billion (about ₹ 77 thousand crore) in the US has been caused by cyber frauds associated with crypto. This figure is 66% higher than 2023, which shows that scams are now becoming common through digital assets.
Most cheated in the name of investment
According to the report of FBI’s Web Crime Criticism Heart (IC3), more than 1.5 lakh complaints are related to Crypto fraud only. The most common way among them is Investment Fraud i.e. such fake platforms that promise high returns and get people invested and then disappear. In most cases, Victim believes that he is connecting with a trusted financial experts. But in reality they get trapped directly into the scammers’ net.
“Pig Butchering”: New Trend of Scam
The report also identified a dangerous trend, called “Pig Butchering Scam”. In this, scammers first create emotional relations from Victim through social media or dating apps. After trusting, they prepare them to invest in a “Crypto Project”. Once the assets reach them, the scammers quietly remove the funds and they are also in such a way that it is almost impossible to track it. Seeing such scam pattern Elon Musk released warpto scams as scorching women and issued warning Was.
Elderly victim
The most shocking thing is that people above 60 years of age lost $ 2.8 billion. In 2023, the figure was $ 1.65 billion, that is, an increase of about 70% in a year. The elderly have been targeted through Tech Support Scam, Investment Fraud and even Crypto ATMS. These aged users have become an easy opportunity for frauders to have low awareness about digital information and security. This suggests that the gap between age and tech -ware is increasing Crypto Crime. One such way of Crypto fraud Crypto Honeypot RIP-off was recently in discussion, Crypto honeypot rip-off Click on this link to know in detail about.
Data theft also became a big challenge
Data stolen at number two in Crypto -linked fraud, causing a loss of $ 1.1 billion. Through these data breeches, scammers have carried out unauthorized access, identity theft and fake investment in the digital wallet.
FBI action: Operation degree up
In view of the increasing cases, the USA has launched an initiative called “Operation Level Up” in January 2024. Its purpose is to hold and stop the fraud in advance through real time monitoring. According to FBI, this Initiative has so far stopped $ 285 million fraud and thousands of potential Victims have been alerted and alerted. But another worrying thing came to light in the report, which reported that 42 people were sent to the Suicide Prevention Systems, which suggests that the financial fraud was not limited to money only but it is also affecting mental health badly.
Further Way: Both technology and awareness are necessary
Crypto’s decentralized architecture and anonymous nature make it an easy tool for criminals. The report clearly indicates that only technology is not enough to stop fraud but also require regulation, awareness and prevention. In addition, the Crypto industry will also have to fulfill its responsibility. Strengthening features like KYC, Audit and Scam Detention is now a demand for times.
Conclusion
In 2024, the catasto scam caused the devastation in the US, it is not just the story of a country but it is a global wake-up call. As the digital investment increases, scammers will also find new methods. In such a situation, all three of governments, exchanges and common users will have to work towards a safe crypto future.
Also read:Upbit and Bithumb Droop this big crypto deposit
