The FBI has come out with its annual cyber-crime report saying there are many more incidents with people duped into investment fraud, especially using cryptocurrency. The report showed a revolting amount of cybercrime cost Americans $12.5 billion in 2023 and the scams involving investment were the most harmful. There was an increase over 2022 levels, with investment fraud reporting of $4.57 billion. A big factor contributing to the $2.8 billion rise in investment scam loss was accounts receiving fraudulent crypto transfers while the quarterly amount loss was $3.94 billion, indicating a 53% increase in crypto investment scams.