Crypto Fraud Losses Surge Among Seniors in 2024
- Crypto ATM fraud complaints increased by 99% in a year, with seniors losing over $107 million.
- The average loss for victims over 60 was $83,000, four times the overall average of $19,372.
- Investment scams accounted for $1.6 billion in losses among seniors.
- Total crypto-related fraud reached over $9.3 billion in 2024, a 66% increase from the previous year.
- Seniors filed 33,369 crypto-related complaints, representing nearly $2.8 billion or 30% of total losses.
The FBI’s report highlights that despite making up only about 17% of the population, seniors account for a significant portion of crypto fraud losses, emphasizing their vulnerability to such scams.
Source (2.6)https://decrypt.co/316090/elderly-americans-hit-hardest-by-9-3b-crypto-scam-wave-in-2024-fbi?rand=52368
