Home / Crypto News / Consecutive cryptocurrency and FX related fraud troubles in the UK Over the past year 1

Consecutive cryptocurrency and FX related fraud troubles in the UK Over the past year 1

The Financial Behavior Oversight Agency (FCA) , a UK financial regulator, has announced that in the past year there has been $ 34 million in fraud and FX-related scams .

Data from individuals surveying UK cybercrime and fraud scams have shown that the amount lost to an individual has been reduced from $ 76,000 to $ 18,500 last year .

However, it has become clear that the total amount of fraud damage related to cryptocurrency and FX in the UK is still high at $ 34 million .

While the total damage to individuals is decreasing, the number of damage is on the rise, and it is said that 1,834 cases of damage have been confirmed over the past year . Of this amount, 81% is attributable to cryptocurrency scams .

Mark Steward, FCA board member, said how users can protect their assets.

“Scammers should do their own research to see if the investment case is genuine, in order to speak very convincingly.”

The FCA warns that social media often leads to fraud.

Article Source: Financial Times

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/crypto-scams-in-uk/

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