An FBI report says cryptocurrency scams in the US have caused losses of $11.4 billion.

FBI: Crypto Scams Surged to $11.4B in 2025, Seniors Hit Hardest

Crypto scams are getting bigger. According to the FBI's latest internet crime report, losses from crypto fraud hit $11.37 billion in 2025—up 22% year-over-year. Complaints rose 21% to 181,565, a sign that the risk of crypto asset fraud is accelerating.

Who's being targeted the most? People aged 60 and older. That group filed 44,555 complaints and lost $4.43 billion—nearly 40% of all losses. That's far more than any other age group. For comparison, those aged 50 to 59 lost $2.14 billion, about half of what seniors lost. The numbers show scammers are zeroing in on high-net-worth individuals with weaker risk detection.

Investment fraud remained the biggest category, with 61,559 cases and $7.23 billion in losses—the lion's share of total damage. Crypto ATM and kiosk fraud also jumped, with 13,460 complaints and $389 million in losses, a 58% increase year-over-year. That's an emerging high-risk area. So-called "recovery scams" added another roughly $1.4 billion in losses, showing that fraudsters are expanding their playbooks.

By region, California saw the highest losses at $2.10 billion, followed by Texas ($1.02 billion) and Florida ($914.5 million). These states have higher crypto adoption rates, making them prime targets for scammers.

The report notes that despite stepped-up enforcement, scams are becoming more sophisticated and the overall risk is still growing. For market participants, the key to avoiding losses is strengthening security awareness, spotting high-yield traps, and steering clear of unknown crypto channels.