The FTC says Americans lost at least $2.1 billion to social media scams in 2025
Americans lost at least $2.1 billion to social media scams in 2025, an eightfold increase since 2020, according to the Federal Trade Commission. Investment and shopping scams were prevalent, with Facebook being the primary platform, followed by WhatsApp and Instagram. The FBI also reported significant losses to internet-related crimes, including cryptocurrency and AI scams.
Engadget
- Entities
- Social Media
- Artificial Intelligence
- Scams
- Meta
- FBI
- Cryptocurrency
- Federal Trade Commission
Original source
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