Recently there are daily FUD posts about large amount of cryptos getting scammed or stolen. And how the banking system is better for protecting you.
So out of curiosity, I checked how much fiat money were stolen due to online scams only, and I found a source from the JEC. I hope you're ready to know the truth :
Approximately, scam victims have lost......
1 trillion dollars just in 2024.
Source : [https://www.jec.senate.gov/public/\_cache/files/d229cc6d-0dc5-4828-9f92-5de8ffffa326/july-2025-issue-brief-scams-1.pdf](https://www.jec.senate.gov/public/_cache/files/d229cc6d-0dc5-4828-9f92-5de8ffffa326/july-2025-issue-brief-scams-1.pdf)
Probably way more in 2025, since there has a been a 370% growth between 2023 and 2024.