US crypto holders lost $11.4B in 2025, up by 22% in the past year

US crypto holders lost $11.4B in total for 2025, following a series of exploits and direct theft. As US holders are still the biggest suppliers of liquidity, they also fell victim to a 22% increase in attacks compared to 2024. 

For the whole of 2025, US crypto holders lost $11.4B, up 22% year on year. The latest FBI report reveals attacks accelerated in 2025, coinciding with a robust market. 

Cryptocurrency scams were the second largest category of cyber crimes, according to the latest FBI report on digital crime. Crypto losses made for 181,565 complaints, only surpassed by phishing with 191,561 complaints. Some of the crypto attacks may overlap with phishing and other personalized targeting techniques. 

US crypto holders made more complaints in 2025

US crypto holders increased their complaints by 21% year on year. Out of the total complaints logged, around 10% lost more than $100K.

The average loss was $62,604, revealing the significant engagement with crypto processes. The personalized attacks were varied, but overlapped with investment fraud. As of 2025, investment fraud was the leader in total amount stolen, with over $8.6B. 

Crypto complaints logged by the FBI also targeted a specific age bracket.

While crypto investors tend to be younger cohorts, the victims of fraud were, in most cases, aged 60 or over. That cohort lost over $4.4B in the past year and filed 44,555 complaints. That age group was mostly targeted by investment or confidence scams, often with little connection to crypto-native projects. 

Investment scams were the leading cause of complaints and losses

The most common types of scams involve investment promises, fake kiosks or ATM, as well as recovery frauds with malicious links. Investment scams were the leader, with 61,559 complaints. Those scams rode on the rising popularity of BTC and crypto in 2025, a year marked by new all-time peaks for BTC. 

California was the leader with 20,878 complaints and over $2B in losses. Outside investment fake promises, crypto crime included multiple categories related to payments or technical scams. 

The FBI report counts personal scams and is not indicative of crypto-native attacks. Those often include other pathways and targets, especially smart contracts and protocols. 

Crypto theft is also becoming more valuable, as stablecoins are becoming the main target of scams, as well as hackers. Unlike stealing tokens, withdrawing stablecoin liquidity retains its value and requires no additional trading. 

While stablecoins can be frozen, in the case of real-life hacks like Drift Protocol, the reaction may arrive too slowly, when the funds are already laundered. 

For personal scams in 2026, laundering may be more difficult after the crackdown against escrow services like Haoang Guarantee, Tudou, and Xinbi Guarantee. 

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