Crypto Fraud Costs More Than $200 Million This Year, U.K. Police Say

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ValueWalk

Fraud linked to cryptocurrencies surged in the first nine months of the year, UK Police said, with victims cheated out of more than 146 million pounds ($200 million) so far. Q3 2021 hedge fund letters, conferences and more There have been 7,118 reports of fraud related to cryptocurrency made to the U.K.’s national reporting center for fraud and cybercrime this year, City of London Police said in an emailed statement. The amount of money allegedly lost in 2021 is already 30% more than all of 2020, it added. More than half of the victims were between 18 and 45 years old. More on the story here. …

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