Americans Lost Staggering $3.94B To Bitcoin, Dogecoin, Shiba Inu And Other Crypto Investment Scams In 2023, FBI Report Reveals
Portfolio Pulse from Rounak Jain
The FBI's Internet Crime Report 2023 revealed a 53% increase in losses from cryptocurrency investment scams in the U.S., totaling $3.94 billion. The report highlighted the significant role of digital currency in online crime, with Bitcoin, Dogecoin, and Shiba Inu being specifically mentioned. The overall investment frauds rose by 38%, with crypto scams being the majority. The report also noted the use of custodial accounts for these scams and mentioned significant events related to crypto seizures and restrictions by financial institutions.
March 09, 2024 | 5:08 am
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NEGATIVE IMPACT
Bitcoin was directly mentioned in the context of a significant increase in cryptocurrency investment scams, with losses totaling $3.94 billion in 2023.
The direct mention of Bitcoin in the context of increased losses from cryptocurrency scams could lead to negative sentiment among investors, potentially affecting its short-term price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
Dogecoin was specifically mentioned in the FBI's report on the rise of cryptocurrency investment scams, contributing to the overall $3.94 billion in losses.
Mentioning Dogecoin in the context of a significant increase in crypto scams could negatively impact investor sentiment, potentially leading to a decrease in its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Shiba Inu was mentioned in the FBI's 2023 report as part of the cryptocurrencies affected by the $3.94 billion loss from investment scams.
The inclusion of Shiba Inu in the report on increased losses from crypto scams could lead to negative investor sentiment, potentially affecting its short-term price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70