U.S. Crypto Fraud Losses Estimated at $80.7 Billion in 2025

In 2025, American consumers faced staggering losses of $80.7 billion due to cryptocurrency fraud, as reported by the Consumer Federation of America (CFA). This figure is derived from data compiled by the FBI's Internet Crime Complaint Center (IC3).

Last year, the IC3 documented 181,565 cryptocurrency-related complaints, which amounted to claimed losses of $11.37 billion — a 22% rise from 2024.

Notably, cryptocurrencies represented over half of all losses reported to the IC3.

The CFA applied a multiplier of 7.1 to the reported losses, attributing this increase to significant underreporting. According to the U.S. Bureau of Justice Statistics, only approximately 14% of financial fraud victims report their cases to law enforcement, based on 2017 data.

In total, the IC3 received over 1 million complaints about various internet crimes, with total losses reaching $20.88 billion. The CFA estimates total online fraud losses for Americans at $148.2 billion, averaging about $1,009 per household.

Investment fraud was identified as the leading category of losses, with estimates for 2025 around $8.6 billion, which, when adjusted by the CFA’s multiplier, totals approximately $61.4 billion.

Focusing specifically on cryptocurrency, the FBI reported 61,559 complaints with losses of $7.23 billion. Notably, individuals over 60 accounted for 44,555 of these complaints, representing nearly 39% of all crypto-related losses, totaling $4.43 billion.

This demographic also experienced the highest overall losses from internet crimes, amounting to $7.75 billion, with an average loss of $38,500 per complaint.

For the first time, the IC3 reported on crimes involving artificial intelligence (AI), with 22,364 complaints in 2025 leading to reported losses of $893.3 million. The CFA recalibrated this to an estimated loss of $6.3 billion, highlighting the growing use of AI in fraudulent activities.

The FBI noted that criminals have been leveraging AI to fabricate social media profiles, clone voices, and create deceptive documents and videos involving public figures or victims' acquaintances.

The IC3 also detailed the FBI's initiative against crypto investment fraud, termed Operation Level Up, which commenced in early 2024. This operation has reportedly informed over 8,000 potential victims and prevented losses exceeding $500 million. In 2025, it assisted 3,780 individuals and averted $225.9 million in potential losses.

Additionally, in May, the FBI announced the seizure of over 127,000 BTC, valued at around $8 billion, as part of its international Operation Blackout targeting scam operations and their networks.