Texas Crypto Scams Cost Billions | Texas News

Texas News Today | 2 Min News | The Daily News Now! · Jul 8, 2026 · 1m

Texans lost over a billion dollars to crypto scams last year—second only to California—thanks to slick cons like fake trading platforms, romance scams, and government impersonations. Scammers use crypto kiosks, fake fines, and urgent texts to trick victims, often discouraging them from seeking help. Legit entities never ask for crypto payments. If you suspect a scam, report it to your bank, police, and the FBI’s IC3. While recovering stolen crypto is nearly impossible, reporting is vital. Lawmakers are pushing back—especially on elder fraud and crypto regulation—to stay ahead of these…