Crypto fraud losses reach record $11.4 billion

The FBI reported a staggering $11.4 billion in losses due to crypto-related fraud in 2025, marking a new record. A significant portion of these losses, amounting to $4.4 billion, was borne by individuals aged 60 and older. This demographic filed 44,555 complaints, nearly doubling the losses reported by the next highest age bracket, highlighting a concerning trend of seniors being disproportionately targeted by these scams.