KEY POINTS
- Most of the victims were elderly consumers, with losses in the said age group crossing $1.6 billion
- Most of the complaints last year were related to investment frauds
- Californians lost more than $1.1 billion to incidents with a crypto nexus, the FBI said
The cryptocurrency industry is known for its vulnerability to security breaches and issues, but 2023 was particularly significant for the industry, as data showed that the U.S. logged the most security complaints linked to cryptocurrency in a year that saw losses pass $5.6 billion.
