$679 Million Scam Transfers Frozen by FBI After Victim Alerts

The FBI has reported a significant success in its efforts to combat cybercrime, freezing over $679 million in scam transfers last year. This comes after victims quickly alerted their banks and filed complaints with the Internet Crime Complaint Center (IC3.gov).

The agency says that this was made possible by swift action from both the victims and the banks, resulting in a 58% success rate. The recovery team collaborates with banks to block funds in fraudulent wire transfers before scammers access them.

Cybercrime complaints exceeded 1 million last year, with total losses nearing $21 billion, according to the FBI's 2025 Internet Crime Report. Cryptocurrency schemes drove the highest individual losses at over $11 billion, while investment fraud accounted for nearly half of all scam-related damages.