The man bought 10,000 BTC for $7,805 in 2011 — at that time, the coin was worth $0.78. He held onto them for 14 years, despite all the market's ups and downs.
Recently, he sold his entire stock and received over a billion dollars — the profitability exceeded 140,000%.
$11 billion in losses — crypto fraud hits record highs
According to the FBI, losses from crypto scams have exceeded $11.3 billion. Over the year, more than 181,000 complaints were recorded, with an average loss of about $62,600.
The main source of losses is investment schemes, which accounted for over $7 billion. Fraud through crypto ATMs and "refunds," where victims are deceived again, is also highlighted.
The most affected were users over 60 years old — about $4.4 billion.
The FBI notes an increase in complex social engineering schemes and a rise in crimes using AI. #crypto