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FBI Reports Cryptocurrency Scams in 2023 Resulted in a Record $5.6 Billion Loss for Investors
According to the FBIs latest report from the Internet Crime Complaint Center (IC3), investors lost a record $5.6 billion due to crypto-related financial crimes in 2023, a 45% increase from 2022.
The report, released on Monday, stated that investment fraud was the most common and costly type of crypto-related fraud in 2023. Of the more than 69,000 crypto-related crime reports the agency received last year, nearly half were related to investment fraud, with losses amounting to $4 billion. While c
SEC Imposes Record $4.7 Billion in Penalties Against Cryptocurrency Firms, Highlighting Labs Impacts
Abstract:The U.S. Securities and Exchange Commission (SEC) has significantly ramped up its enforcement actions against cryptocurrency firms, imposing a staggering
The U.S. Securities and Exchange Commission (SEC) has significantly ramped up its enforcement actions against cryptocurrency firms, imposing a staggering $4.7 billion in penalties in 2024. This figure represents over a 3,000% increase compared to 2023, primarily driven by therecord settlement of $4.47 billion with Terraform Labsand it