The US Federal Investigation Bureau of Investigation says it helped save the estimated $ 285 million that the victims must have lost to the cryptocurrency scams.
according to a Report Published on 13 February, the FBI pointed to an initiative, called “Operation Level Up”, as the law enforcement helps the potential victims of the pigs to save millions of dollars from crypto fraud.
The initiative managed to save around $ 285 million, which would have lost by the victims of “confident-competent cryptocurrency investment fraud”.
“Level up cryptocurrency investment is an active initiative to identify and inform victims of fraud. Using sophisticated techniques, the FBI identifies the victims who are being actively cheated and immediately intervene by calling the victims, ”the FBI has written in the report.
By January 2025, the FBI’s effort has contacted the agency over 4,300 people, potential victims who have almost lost the money earned by hard work. Those people reported the ongoing crypto scams and helped involve a person who was about to invest $ 1 million and another in which there were plans to sell their home in $ 500,000.
The FBI intervention saw individuals recurring from investment, which potentially saved heavy losses. In November, the FBI stated that it was investigating the $ 5 million crypto romance scam.
According to the report, the public needs to note that scammers are highly efficient and experienced professional.
Fraud is most likely to be victims of schemes, which are between 30 and 60 age groups, technology-lover and active investors are eyeing the next investment gem. In addition to social media, scammers decide the ecosystem for goals through text messages, investment groups, networking websites and dating websites. Most people only realize that they suffer after losing money.
For example, in 2023, the FBI lodged complaints, which reached $ 3.9 billion in the lost money in investment fraud. While this figure is important, officials say that underporting means that it can be too high.
The FBI says that it receives about 3,200 complaints related to crypto scams every month.
There is a way to avoid falling “Go away“. This means staying for a moment to consider the proposal. An assessment will probably focus on” false sense of urgency “that tries to paint criminals.
