A new report from Chainalysis, a blockchain data platform based in New York City, estimates that $17 billion in crypto was stolen last year through fraud and scams. Impersonation scams, where criminals pretend to be trusted entities or use fake tokens or websites to trick victims into sending them crypto, were up a jaw-dropping 1,400% year over year. And while it’s much too early to gather any conclusive data for 2026, the year got off to an inauspicious start. Earlier this month, the FBI warned about the use of Bitcoin ATMs, saying the devices are a magnet for scammers to...
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