Source: DeepStrike
Retailers accounted for 74% of all losses, while persons over 60 years of age suffered the highest losses at $3.2 billion.
In January 2026, financial losses related to crypto fraud reached $370 million, the highest monthly total in nearly a year.
Recently, crypto and blockchain investigator ZachXBT flagged more than 10 coordinated X accounts that manufactured panic in order to drive followers to crypto scams. Known as “doomposting,” the exploit netted at least six-figure profits before X suspended these accounts.
A case of the kettle calling the pot black?
Community reaction ranged from support to questioning CZ’s goodwill following allegations of Iran-linked flows and money laundering on Binance.
Just today, the Australian Federal Court fined the exchage A$10 million for client misclassification that led to A$8.66 million in trading losses.
Government action
Brazil has now announced its intentions to direct the proceeds of crypto-related crimes to its national treasury to fund public projects and establish strategic reserves. Nations implementing similar agendas include the US, the UK, China, and North Korea.
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