Americans lost $11.366 billion to crypto fraud in 2025, according to the FBI’s IC3 report, marking a 22% increase from the prior year. Brooklyn Assistant District Attorney Alona Katz, who leads the Virtual Currency Unit (VCU), conducted with the FBI’s New York field office an operation on October 14, 2026, during which 241 scam domains and 112 servers were seized or disrupted, following a three-year investigation into a network targeting Russian-speaking communities via Facebook ads leading to fake investment platforms. Losses tied to these scams are estimated in the tens of millions of dollars, with approximately $300,000 recovered for victims and no arrests reported so far. Crypto fraud accounted for more than half of all internet crime losses nationwide in 2025, with investment scams being the most damaging category at $7.228 billion.
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