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U.K sees 30% hike in crypto-linked frauds despite FCA’s warnings
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According to the U.K Police, crypto-linked frauds have surged significantly in 2021. In fact, as per reports, victims lost over $200 million in the first nine months of the year alone. What’s more, the incidence rate has risen by 30%, when compared to last year.
The U.K’s national reporting center is said to have received over 7118 complaints during this period, with half the victims between the age of 18 and 45 years. This is not surprising, especially since close to 50% of all crypto-users in the country fall in this age bracket.
U.K-based crypto-users actually saw a six-fold increase between 2018 and 2021, to the tune of 10 million users in the country.
In a statement, Temporary Detective Chief Inspector Craig Mullish said,
“Being online
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