Crypto fraud in Great Britain led to theft of $ 200 million in 2021: report

Crypto fraud in Great Britain led to theft of $ 200 million in 2021: report

The number of crime in connection with cryptocurrencies in the United Kingdom has increased significantly in the first nine months of 2021 compared to the previous year, according to a recently published report. The local police warned that bad actors often use fake celebrity advertising to attract people.

young people are most at risk

according to a current Bloomberg Cover , there were 7,118 reports on programs in connection with digital assets in Great Britain between January and October this year. The victims separated with almost $ 200 million for this period, which is 30 % more than in the entire year 2020.

The authorities pointed out that over 50 % of the cheated people were between 18 and 45 years old. The investment in Bitcoin and old coins is very popular with the youngest locals, since almost half of the under 30 years of Select the KryptoMarkt as the first investment option. Therefore, it is expected to be the goal of fraudsters.

The City of London Police also said that the most common tactic of the criminals is to tempt people to fake celebrities, since 79% of this kind were of this kind. The preliminary detective chief inspector Craig Mullish commented:

"The reports on cryptocurrency fraud have increased significantly in recent years. To be more online means that criminals have more opportunities to achieve unsuspecting victims with fraudulent investment opportunities."

Speaking of such plans: Steve Wozniak filed a lawsuit against YouTube last year. According to him, the platform has not taken any necessary measures to prevent fake Bitcoin advertising gifts on it. A year later, however, he is were not strong enough to bring him a court victory.

Great Britain-paradise for crypto fraudsters

The United Kingdom is classified as "paradise" for local criminals when it comes to crypto fraud. At least David Lindberg-Chief Executive of Retail Banking at Natwest- said recently.

He said that he had "never had a worse market" as Great Britain for fraud. To solve the problem, the British government, the police, banks and social media operators should bundle their strength:

"Fraud and fraud are an industry. They are intelligent and move quickly and it is heartbreaking to see how they try to destroy life."

The top banker also warned that some of the bad actors create websites on which people in Bitcoin, Ethereum and other cryptocurrencies can invest. In reality, however, they are fake and the money flows into the pockets of the fraudsters.

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