Over $2 billion lost in social media scams in 2025

(CNN)– Social media is the tool scammers used to get the most money out of victims last year.

Federal Trade Commission data shows 30% of people who were scammed reported it started on social media.

Scammers used it to defraud people out of $2.1 billion.

Facebook was the most commonly used platform, followed by Whatsapp and Instagram.

Victims lost the most money on investment scams.

Those start with ads or posts that offer to teach people how to invest.