US launches crackdown on international crypto scam networks as losses hit $11.37B
- —US crypto fraud losses reached $11.37 billion across 181,565 complaints in 2025
- —Fake investment schemes accounted for $7.2 billion; victims aged 60+ lost $4.43 billion
- —Crypto ATM fraud rose 58% year-on-year to $389 million
- —The FBI's Operation Level Up warned 3,780 victims, preventing $225.8 million in losses
Why it matters: Record losses threaten industry credibility and push exchanges and regulators toward stricter compliance and enforcement.
Source: Bit2Me News