Crypto
Crypto Investment Scams Were the Most Costly Type of Fraud in the U.S. in 2025
Americans lost $7.2 billion to crypto investment scams in 2025, according to a new report from the FBI, making it the top source of financial losses from fraud reported to the agency last year. Many people don’t call the FBI after getting scammed, which means the real total is likely far larger.
The news comes from the FBI’s 2025 Internet Crime Complaint Center (IC3) annual report, released Monday, which tracks not just crypto investment fraud, but online scams targeting the elderly, and ranswomware attacks, among others. The agency received 1,008,597 total complaints in 2025, up from 859,532 complaints in 2024. The total amount lost was over $20 billion last year.
Investment fraud was the most common type of scam reported, accounting for 49% of all cyber-related complaints in 2025, with a majority of those related to crypto investment scams.
Crypto investment scammers make an effort to appear like legitimate operations, promising huge returns to unsuspecting marks. Victims are first contacted through a number of ways, including text messages, social media, Google ads, and dating apps. Scammers will sometimes set up websites made to look like investment platforms where victims can send crypto and watch as their profits tick up steadily.
What the victim doesn’t understand is that the number they’re seeing rise each day is fake. The crypto has been sent to the scammers and the number they’re seeing in their supposed account is not real. The website is a mirage that isn’t actually holding their crypto, whether it’s bitcoin, ether, or any number of shitcoins. But as that number rises, the scammers encourage the victims to “invest” even more.
What happens when you try to extract any of that money? That’s where the victim might start to get suspicious. Because there’s always an excuse. And more often than not, the scammers will tell a victim that there are fees for withdrawing money.
The FBI has released its IC3 report annually for 25 years and 2025 is the first year that features a section on artificial intelligence. The FBI received 22,364 complaints about AI-assisted crimes, totaling $893 million in lost money. But that’s likely a vast undercount of the problem, given the fact that many people don’t send a report to the FBI when they get scammed, and others likely have no idea they’re talking with people who uses AI tools for impersonation.
Scammers will often use AI audio, video deepfakes, or fake documents created with generative AI imaging tools to convince victims they’re legitimate. Elon Musk is one of the most popular figures that crypto scammers will impersonate, as Gizmodo has reported in recent years. Scammers will often try to convince potential victims that they’re talking to the real Tesla CEO and convince people to invest in his businesses with cryptocurrencies.
Gizmodo filed a Freedom of Information Act request with FTC in 2024 that revealed some of the stories from people who were scammed by Elon Musk impersonators or people who said they were associated with the billionaire. One of the complaints was from a victim in their 50s from Michigan who said they lost $700,000.
The story is exceptional for the amount of money lost, but the techniques are common enough that they’re worth quoting at length:
In the end of June, 2023 I responded to Elon Musk’s day trading commercial on Instagram. I got a phone call from a person and started online trading with XT-BestSolutions. I’m dealing with one person [redacted] over the Viber phone services. He said he’s based in Barcelona, Spain. He guided me through the trading process daily on the XT-BestSolutions trading platform.
He also guided me through the process of transferring my money from my US Huntington bank account through Crypto wallets to XT-BestSolutions trading platform. All transaction were made through different Sources to change US dollars to cryptocurrency.
Starting on June 30, 2023 to current date, I transferred $700,000 to my XT-BestSolutions account. Through the process of online trading, XT-BestSolutions company credited me $200,000. Even though I still have more than $700,000 in my XT-BestSolutions trading platform account, I cannot withdraw any money back until I add $200,000 more to my XT-BestSolutions account to cover this additional credit, and after this (accordingly to what he saying) I will be able to withdraw all $900,000.
Its become more suspicious to me because I am not able to get information about the company, such as an address, email address or any other contact information except the phone number and one person I communicating with. [redacted]
My accountant has advised me to contact the FBI before I make anymore money transactions.
Other crypto scams include celebrities like Johnny Depp or Donald Trump, but romance scams are another popular category of investment fraud. Sometimes referred to as pig butchering, scammers will often pose as attractive people who lure unsuspecting marks with promises of love but wind up giving “investment” advice.
Victims are encouraged to contact the FBI, but the public should be aware that there are also plenty of scammers posing as FBI agents, specifically employees of the IC3.
Crypto
Upcoming ‘Bitcoin’ Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity
Key Takeaways:
- New Bitcoin film stars Casey Affleck and Gal Gadot, probing Satoshi Nakamoto’s identity.
- Craig Wright’s disputed role deepens divisions across Bitcoin developers and market participants.
- Industry reaction may polarize further as the film revives debate over Bitcoin’s origins.
Bitcoin Creator Dispute Moves Into Mainstream Film
The mystery surrounding Bitcoin’s creator is moving into the mainstream as “ Bitcoin,” previously referred to in online reports as “ Bitcoin: Killing Satoshi,” adapts one of crypto’s most contested debates to the screen. Ahead of the Cannes market, Patrick Wachsberger’s 193, a film sales and production company, launched international sales on the project, signaling a push to global buyers. Around the same time, Acme AI & FX, the production company behind the film, confirmed it had wrapped production on the Doug Liman-directed feature. The movie, described as the “first fully-generated, studio-quality AI feature film,” centers on the unresolved question of who created Bitcoin and why that issue continues to influence industry discussions and market perception.
The story follows Charlotte “Lotte” Miller, a war correspondent played by Gal Gadot, who is recruited by blockchain investor Calvin Ayre, portrayed by Pete Davidson, to write an investigative report on Australian computer scientist Craig Wright. Casey Affleck plays Wright, with Isla Fisher also appearing in the cast. The film was written by Nick Schenk and produced by Ryan Kavanaugh and Lawrence Grey, with production beginning at the end of February. The synopsis described the film:
“A high-stakes conspiracy thriller that asks the question no one in power wants answered.”
A longer description presents the movie as the story of one man’s effort to prove he created Bitcoin, a claim that allegedly puts his life in danger and sparks a global controversy involving tech billionaires, world leaders, and the future of the financial system.
Craig Wright Claims Renew Industry Polarization
From a Bitcoin industry standpoint, the film enters a highly disputed issue. Wright’s claim that he is Satoshi Nakamoto has been challenged for years by developers, researchers, and other participants in the sector, many of whom point to the lack of accepted cryptographic proof. A 2024 U.K. court ruling also rejected his claim, adding legal weight to that skepticism. Within parts of the BTC community, Wright is widely referred to as “Faketoshi,” and critics have accused him of fraud tied to those assertions.
The production approach has also drawn attention, as the “fully-generated” label refers largely to AI-built environments and visuals, while actors perform traditionally with digital settings added in post-production. At the same time, the subject matter is likely to drive industry reaction, as many bitcoiners view the claims as legally and technically discredited rather than unresolved.
That divide helps explain why the film is likely to provoke a polarized response across crypto. Many will see it as reopening a debate already settled by legal findings and technical evidence, while others may view it as an attempt to revisit unanswered questions around motive and power. The synopsis stated:
“All this leads Lotte, and the audience, to the central question — If Craig Wright didn’t invent Bitcoin, why is a coalition controlling trillions in global wealth spending hundreds of millions and risking everything to destroy him?”
“This is an exciting and gripping story, set in the mysterious and high-stakes real world of crypto,” Wachsberger told Deadline. The positioning underscores how the film is being framed, not just as a thriller, but as a mainstream take on one of bitcoin’s most contested narratives, where claims have long been weighed against verifiable proof.
Crypto
1 Cryptocurrency to Buy While It’s Under $80,000
Key Points
-
Investor pessimism toward the digital asset market has driven this top cryptocurrency 40% off its record high from last October.
-
History reveals that fiat currencies often end in collapse, paving the way for this innovative monetary asset to find greater adoption across the global economy.
-
Besides being electronic, scarcity and neutrality support this cryptocurrency’s value proposition.
It hasn’t been an enjoyable time if you have money tied up in cryptocurrencies. After the market’s valuation peaked at $4.4 trillion in October, we’ve witnessed a downward spiral that has resulted in that figure plummeting to $2.6 trillion today (as of April 17).
On the other hand, the S&P 500 index climbed 5% during the same time. It’s completely understandable if people want to forget about digital assets. They aren’t the easiest to hold; it’s hard to handle the volatility.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
However, a monster opportunity is staring investors in the face. Here’s the cryptocurrency to buy right now, especially since it trades under $80,000.
Image source: Getty Images.
It usually doesn’t end well for fiat currencies
It’s time to shine the spotlight on Bitcoin(CRYPTO: BTC), the world’s first and most valuable cryptocurrency, with a market cap of $1.5 trillion. Bitcoin is a decentralized monetary network that was built to allow anyone in the world to transfer value to anyone else anywhere in the world without the use of an intermediary. It was a technological breakthrough at the time. And it still is today.
To understand the enormous importance of a completely novel monetary network to emerge, one that’s digital, immutable, and not controlled by anyone, it requires looking at the past. Fiat currencies, like the U.S. dollar, have a troubled history.
Since President Richard Nixon ended the convertibility of U.S. dollars to gold in 1971, the world economy has operated on government-backed, or fiat, currencies. The U.S. dollar has been the global reserve currency.
But the track record is impossible to ignore. Fiat currencies often end in collapse. Before the U.S. dollar’s current reign, it was the British Pound sterling. Over time, inflation decreases purchasing power, sometimes rapidly.
Is the writing on the wall for the U.S. dollar? Persistent fiscal deficits in the U.S., an ever-expanding debt burden that’s nearing $40 trillion, loss of public confidence and trust, and political instability are all clear signs that cracks in the system are forming.
While unsustainable things can go on for much longer than people anticipate, perhaps it’s only a matter of time before the U.S. dollar’s dominance comes to an end. And Bitcoin appears well-positioned to be a winner from this development.
The history lesson naturally leads to Bitcoin
After gaining more knowledge about the history of fiat currencies, investors will figure out the best ways to allocate capital to maintain and grow their purchasing power over the next decade. High-quality stocks, particularly in businesses that possess pricing power, present one idea. Real estate and commodities are also interesting if you have expertise in these areas.
Gold also comes to mind. It might not be a coincidence that the precious metal’s price doubled in the past two years. Those in charge of large pools of capital might be considering some of the variables that I just discussed, leading them to direct money toward an asset that has been viewed as a top store of value for millennia.
I believe, however, that Bitcoin is the best bet if you think there’s even a tiny chance that the U.S. dollar will collapse as its predecessors did.
Bitcoin is superior to gold, in my opinion. It’s purely digital, while also being divisible, allowing people to transact with it. It’s borderless and portable. And it’s finite, with a hard supply cap of 21 million units. It makes sense that a neutral monetary asset would succeed, or at least rise alongside, the U.S. dollar’s run. Individuals, corporations, financial institutions, and governments should gravitate toward the supreme cryptocurrency.
And that supports a much higher price a decade from now, with the upside even bigger on a longer time horizon. With Bitcoin trading 40% off its peak, at a price that’s under $80,000 right now, investors have the opportunity to buy what could end up being the dominant financial instrument in the economy one day.
Should you buy stock in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $524,786!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,236,406!*
Now, it’s worth noting Stock Advisor’s total average return is 994% — a market-crushing outperformance compared to 199% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of April 19, 2026.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
Crypto
Arthur Hayes Warns Bitcoin May Stall Until Liquidity Returns
Key Takeaways:
- Arthur Hayes ties bitcoin’s outlook to global liquidity, with upside dependent on policy-driven liquidity.
- Geopolitics create a bearish setup as war risk, deleveraging, and AI-driven stress weigh on markets.
- Liquidity injections could lift bitcoin once credit stress forces intervention.
Bitcoin Outlook Hinges on Liquidity
Arthur Hayes’ latest market note, titled “No Trade Zone,” signals that bitcoin’s outlook is increasingly tied to global liquidity conditions rather than traditional macro indicators. On April 15, the Bitmex co-founder and Maelstrom CIO outlined a cautious stance, citing geopolitical tensions and artificial intelligence-driven economic risks as key constraints. The essay presents BTC as vulnerable in the short term but positioned to respond to future monetary expansion.
Hayes centered his outlook on monetary conditions rather than conventional valuation models. He asked, “Do you believe the quantity or the price of money is more important when valuing bitcoin?” He then answered with a direct thesis:
“I believe the quantity of money determines the price of bitcoin, not its price.”
That view underpins his broader market framework, which expects bitcoin to struggle during periods of forced deleveraging, then strengthen when policymakers expand credit. He tied that dynamic to several geopolitical outcomes involving the Strait of Hormuz, as well as to a domestic economic slowdown driven by job losses among white-collar workers. In Hayes’ view, those pressures could hit credit quality, weigh on banks, and delay any durable crypto rally until authorities supply fresh liquidity to stabilize the system.
War Risk and Credit Stress Threaten Rally
That caution appears clearly in one of the essay’s most specific forecasts. “ Bitcoin might bounce a bit after the situation reverts to the pre-war status quo,” Hayes wrote. “However, the AI agentic deflation bomb still ticks below the surface. Until the Fed provides the liquidity needed to plug the black hole in banks’ balance sheets caused by consumer credit defaults, bitcoin will not meaningfully rise.” He further shared:
“That’s not to say it couldn’t spike to $80,000 to $90,000, but for me putting new units of fiat at risk requires an all-clear from the Fed.”
The statement shows that he still sees upside potential, but not before broader financial stress is addressed.
Hayes also warned that market stress could produce another sharp bitcoin selloff before any recovery takes hold. “As investors de-risk their portfolios because of higher volatility and lower prices, investors sell bitcoin to meet margin calls,” he described, adding: “Only when things get bad enough will bitcoin rise, as expectations of a bailout become the consensus.” In the most extreme scenario, even a liquidity-fueled rally may not last. As Hayes put it: “The rally in bitcoin, inspired by money printing, might be short-lived because the destruction of the Iranian state materially raises the prospect of WW3.” Taken together, the essay presents a conditional forecast: near-term volatility remains high, while any lasting upside still depends on crisis-era money creation.
-
San Diego, CA2 minutes agoCity considering cutting funding to resource center for those experiencing homelessness
-
Milwaukee, WI8 minutes agoMilwaukee Wave learns its opponent for MASL championship series
-
Atlanta, GA14 minutes agoPhiladelphia Phillies lose fifth straight game to end homestand, swept by Atlanta Braves
-
Minneapolis, MN20 minutes agoMotorcyclist killed in crash on I-35W in Minneapolis
-
Indianapolis, IN26 minutes agoIMPD: Man stabbed in downtown Indianapolis
-
Pittsburg, PA32 minutes agoFrom ‘Steel City’ to ‘eds and meds’: As Pittsburgh welcomes NFL Draft, it isn’t so easily defined anymore
-
Augusta, GA38 minutes agoGeoff Duncan campaigns in Augusta ahead of Election Day
-
Washington, D.C44 minutes agoThe director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely | Fortune