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FBI Reports $262M in ATO Fraud Losses, Funds Often Routed to Crypto

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The FBI has reported over 5,100 account takeover fraud incidents in the US since early 2025, with losses exceeding $262 million. Scammers used phishing and social engineering to steal credentials and move funds to crypto wallets. The agency urges victims to verify suspicious messages through official channels and calls for stronger security in financial systems. With rising concerns over liquidity and crypto markets, regulators are expected to align with frameworks like the EU Markets in Crypto-Assets Regulation to address risks.
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