CRYPTO FRAUD LEAPS 32% IN YEAR IN UK TO HIT GBP226 MILLION
November 30th, 2022
The value of crypto fraud losses leapt 32% in a single year to hit GBP226 million (USD269.75 million) in the year to September 30 (from October 1, 2021) from GBP171 (USD204.1 million) year-on-year, according to the latest data released by international law firm Pinsent Masons LLP. In the year to September 30, 2020, crypto fraud accounted for UK losses of just GBP71 million (USD84.76 million), according to data that Pinsent Masons collated from reports of cryptocurrency investment fraud to Action Fraud, the UK government's national reporting system for fraud and ...
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