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Crypto scams cost Americans an estimated $80.7B in 2025
The report estimates crypto accounted for more than half of scam and cybercrime losses, while FBI figures put reported crypto losses at $11.37B last year.
Crypto scams have cost Americans an estimated $80.7 billion in 2025, according to a new report cited by Decrypt that scales FBI-reported losses to account for underreporting of fraud.
The Consumer Federation of America estimated the true cost by applying a 7.1x multiplier, based on a 2017 Bureau of Justice Statistics survey finding that only 14% of fraud victims report to law enforcement. Using that approach, the report estimates that cryptocurrency accounts for more than half of all scam and cybercrime losses.
Within the reported data, the FBI’s complaint center logged $11.37 billion in crypto scam losses last year, up 22% from 2024, and Decrypt reports the CFA’s estimated total implies a much larger share of total online fraud. The broader FCA-backed projection also estimates Americans are losing $148.2 billion annually to online scams, or about $1,009 per household.
The report also highlights enforcement and demographic impacts, including that Americans over 60 lost $4.4 billion to crypto fraud, nearly 40% of crypto totals. Decrypt adds that the FBI’s Operation Level Up program has notified 8,000 victims and prevented $500 million in losses, including $225.9 million last year.