UK watchdog says currency and crypto scams hit £27m

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UK watchdog says currency and crypto scams hit £27m

Number of scams triples in 12 months.

Scams in Britain involving currencies and crypto assets like bitcoin totalled £27 million in the last financial year, with average losses of £14,600 per victim, the Financial Conduct Authority (FCA) said on Tuesday. Reports of scams more than tripled in the year that ended in April ...

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bitcoin cryptocurrency fraud scam security

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