Fact #22 MoneyTech

$1.4bnreported lost to scams paid in cryptocurrency in 2024, FTC

Cryptocurrency scam payments cost people $1.4 billion in 2024 in FTC reports, more than gift cards, wire transfers and cash put together.

Gift cards accounted for $212 million, wire transfers for $287 million and cash for $308 million.

Source: US Federal Trade Commission.

Sources

  1. Consumer Sentinel Network Data Book 2024 (CSV data). US Federal Trade Commission. Accessed 2026-09-06.