Elderly Americans Lose $2.8 Billion to Crypto Scams in 2024

In 2024, Americans over the age of 60 became the primary victims of cryptocurrency scams, with total losses amounting to $2.8 billion. This is according to the annual report by the Internet Crime Complaint Center (IC3) under the FBI.

IC3 received 33,369 complaints from individuals in this age group.

Americans aged 40 to 49 ranked second, reporting losses of $1.46 billion.

Losses from digital asset investment fraud in 2024 reached $5.8 billion, a 47% increase from the previous year. According to IC3, victims also lost $247 million through cryptocurrency ATM schemes.

In total, IC3 registered 149,686 complaints, with overall losses reaching $9.3 billion, a 66% increase from the previous year.

In 2024, digital asset fraud accounted for a significant portion of the total $16.6 billion lost to internet crimes. A total of 859,532 complaints were filed, with an average loss of $19,372.

The majority of reports came from California, Texas, and Florida.

Earlier, the total damage from 265 crypto hacks throughout 2024 and the first two months of 2025 exceeded $3.83 billion, according to Global Ledger experts.

Since the beginning of 2025, the Web3 ecosystem has lost approximately $6 billion due to rug pulls, with 92% attributed to the token of the RWA project Mantra (OM).