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Americans Lost $2.1 Billion to Social Media Scams in 2025, Up Eightfold Since 2020: FTC

GateNews

2026-04-30 07:11:41

According to the Federal Trade Commission (FTC), Americans lost $2.1 billion to scams perpetrated on social media in 2025, representing an eightfold increase since 2020. Nearly 30% of people who reported losing money to fraud said the scheme originated on social media, making it the leading medium for scams.

Investment scams accounted for over half the losses at $1.1 billion, while Facebook was the platform where victims lost the most money. The FTC noted that scammers exploit social media’s scale and targeting tools, either by hacking accounts or purchasing ads to reach potential victims.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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