FBI Data Reveals Who Scammers Targeted Most as Crypto Fraud Losses Hit $11.4 Billion

In the latest internet crime report, the FBI revealed that the Internet Crime Complaint Center (IC3) recorded $11.366 billion in crypto-related fraud losses in 2025, a 22% jump from the prior year.

The annual report also logged 181,565 crypto complaints, up 21% year over year. The average loss stood at $62,604, with 18,589 complainants losing more than $100,000.

One Group Lost $4.4 Billion to Crypto Scams in 2025

Notably, individuals aged 60 and older were the most impacted demographic. The group filed 44,555 crypto-related complaints and suffered $4.43 billion in losses, nearly 39% of all reported cryptocurrency losses. This figure nearly doubled from approximately $2.8 billion in 2024.

Moreover, the 60+ demographic lost more than double the amount of the next-closest bracket. Americans aged 50 to 59 reported $2.139 billion in crypto losses by comparison.

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Cryptocurrency investment fraud was the dominant subcategory, accounting for $7.228 billion in losses across 61,559 complaints. That marked a 48% surge in complaint volume and a 25% rise in financial damage compared to 2024.

Crypto ATM and kiosk fraud also escalated, with 13,460 complaints accounting for $389 million in losses, a 58% increase year-over-year. Recovery scams added another $1.4 billion in losses. 

California led all states with $2.099 billion in crypto losses, followed by Texas at $1.016 billion and Florida at $914.5 million.

The FBI’s findings suggest that while enforcement actions have expanded, the scale and sophistication of crypto-related fraud continue to outpace mitigation efforts.