Crypto Fraud Prevention: FBI Saves $285M

FBI’s Operation Level Up Saves Over 4,300 Crypto Fraud Victims

• The FBI’s Operation Level Up has saved more than 4,300 victims from crypto fraud.
• Over $285 million has been protected from fraudulent schemes.
• An estimated $3.9 billion in losses from crypto investment fraud was reported in 2023.
• The FBI Internet Crime Complaint Center receives about 3,200 crypto fraud complaints monthly.
• Victims often include tech-savvy individuals aged between 30 and 60.

Operation Level Up by the FBI has successfully safeguarded over $285 million for more than 4,300 individuals targeted by cryptocurrency investment scams in a year where losses are estimated at $3.9 billion.