DETROIT – New statistics from the FBI revealed that Michiganders lost $210,230,468 in cryptocurrency scams last year.
The amount continues to rise every year, after Michigan lost $126,330,606 in 2024 and $79,894,360 lost in 2023.
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The agency compiled and analyzed data from all reported cryptocurrency complaints in 2025. There were 181,565 complaints nationally in 2025, up from 149,686 in 2024.
While the amount of cryptocurrency scams reported represented only about 18% of the total number of fraud complaints, cryptocurrency fraud accounted for almost 55% of all losses in 2024.
More than $11 billion was lost nationally due to cryptocurrency scams in 2025, a 22% increase from 2024.
Authorities believe those numbers could actually be higher due to a lack of reporting.
The full report from the FBI can be read at the bottom of the page.
The data showed that Michigan was ranked…
Inspect the sender’s actual email address—not just the display name—for subtle misspellings like “info@paypa1.com” or “support@nmb-bank.co” which indicate a spoofing attempt.