The huge sums of money lost to crypto scams and frauds is probably the biggest financial looting in the history of the USA. The FBI recorded losses over $12.5 billion in 2023, 22% more than the previous year. The agency’s Internet Crime Center received a record 880,418 complaints from Americans about potential crypto and online thefts. Considering that most of the targeted individuals do not report their cases to law enforcement, these statistics imply an even more chilling reality. We need collective action to resolve this situation, from robust security solutions to innovative regulatory and policy frameworks. It’s ... (full story)