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On Jan. 22, Lisa Kruse, commissioner of the North Dakota Department of Financial Institution Group, told members of the House Committee on Industry, Commerce and Labor that the state's residents filed 103 complaints of cryptocurrency scams with the FBI, resulting in a total of $6.50 million in losses in 2023. The FBI reported in September that Americans lost $5.60 billion to cryptocurrency fraud in 2023 and recorded 5,500 cases involving cryptocurrency ATMs with losses exceeding $189 million.
The Wisconsin Department of Financial Institutions Group (DFI) has launched a publicly accessible tracker to stop cryptocurrency and other investment scams. On July 30, the DFI revealed that Wisconsin citizens lost nearly $3.55 million to financial scams and cryptocurrency frauds based on victim reports between January 2022 and June 2024. The new investment fraud tracking system relies on consumer complaints to gather critical threat information and alert the public "to make it harder for crimin...
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