Investors Lost $5.8B to Cryptocurrency Scams Last Year. Here's How to Keep Your Money Safe

Andriy Onufriyenko/Getty Images Cryptocurrency is notoriously volatile. Digital asset value can swing wildly in a matter of days or hours, making them both a thrilling and high-risk investment. The latest example is Bitcoin value eclipsing more than $100,000 for the first time in December. That was followed by a sharp decline in price driven by the unknown impact of US tariffs. In addition to market volatility, there's another dangerous side of crypto investing: crypto scams. Investors lost $5.8 billion in cryptocurrency scams in 2024, according to the FBI's Internet Crime Complaint Center. Adults older than 60 reported the most cases and highest number of losses. Crypto presents a golden opportunity for scammers. The crypto market is mostly unregulated; once a transaction is made, it's nearly impossible to reverse. That means if a scammer takes off with your crypto, there's little you can do to get your money back. If you're actively investing in crypto or keeping an eye on digit ... Read full article.