Here’s how much Michiganders lost in crypt’s deception 2024. Years

Detroit – New statistics from the FBI It was found that Michigaders lost 126,330,630,606 dollars in the cryptocurlency deception last year.

The amount has increased about 63% over $ 79,894,360 lost in Michigan 2023 years.

The agency compiled and analyzed the data Of all reported cryptocurration complaints in 2024. years there were 149,686 complaints at national 2024. Years, more than doubled about 69,000 in 2023. Years.

Although the amount of cryptocurrent fraud is refused only about 17% of the total number of fraud complaints, cryptic enforcement spies consisted of almost 60% of all losses in 2024. Years.

More than $ 9.3 billion was lost nationally due to criminal frauds in 2024. years, an increase of 66% from 2023. years.

Authorities believe that these numbers could be higher due to the lack of reporting.

The FBI full report can be read at the bottom of the page.

The data showed that Michigan was ranked no. 17 National for the number of cryptocurnancy complaints with 3,009 (more than a double 2023’s number) and no. 18 for monetary losses with $ 126,330,606.

Michigan lost $ 79,894,360 in crypto SCAMI 2023. Years.

The best three states for the number of complaints and financial losses were California, Texas and Florida, which was in 2024. Years of almost a $ 3 billion collective. Years.

Why is the cryptocurrency used for fraud and fraud?

The report on the report that criminals like to use cryptocurration due to their decentralized nature, which eliminates the need for financial intermediaries and provides safe, fast and irrevocable transactions. They can happen anywhere with the use of a private key and internet connection.

Although these transactions are permanently recorded on public blocks, monitoring becomes challenging when the cryptocurrency goes for exchange and competencies – especially in jurisdictions with weakens for washing money laundering.