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The Texas Tribune
The Texas Tribune
National
Ayden Runnels

What to know as cryptocurrency scams rise in Texas

Texans lost more than $1 billion to scams involving cryptocurrency in 2025, according to the FBI, second only to California in the amount siphoned away by fraudsters.

Scams using crypto often involve fraudulent investment opportunities, but criminals are increasingly turning to the digital currency as a fast payoff that is difficult for law enforcement to track.

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