The London police stated that the losses caused by cryptocurrency fraud in the UK have exceeded 146 million pounds (approximately US$200 million) since 2021, which is 30% higher than the data for the whole of 2020. Action Fraud, the UK’s National Fraud and Cybercrime Reporting Center, has received 7,118 cryptocurrency fraud reports, which is equivalent to an average loss of US$28,000 each time. According to the London police, one of the most common ways to deceive victims is through false cel...

The London police stated that the losses caused by cryptocurrency fraud in the UK have exceeded 146 million pounds (approximately US$200 million) since 2021, which is 30% higher than the data for the whole of 2020. Action Fraud, the UK’s National Fraud and Cybercrime Reporting Center, has received 7,118 cryptocurrency fraud reports, which is equivalent to an average loss of US$28,000 each time. According to the London police, one of the most common ways to deceive victims is through false cel...