@hiflex
According to Guardian news, theres a Surge in UK investment scams with crypto at the center
Consumers in the UK lost £97.7 million to investment scams in the first half of 2025, a 55% increase over the prior year. Fake cryptocurrency schemes ranked among the top methods scammers used. Many victims were lured by social media ads, deepfake videos, or fake trading platforms.
Why this matters:
It shows how fraud risk is rising in tandem with crypto adoption.
Regulatory bodies, banking firms, and tech platforms are being pushed to coordinate more closely to shut down scam operations at their sources.
The true scale may be higher, since many victims don’t report losses out of embarrassment or shame
[1]: https://www.theguardian.com/money/2025/oct/24/surge-uk-savings-lost-investment-scams-fake-crypto-fraud?utm_source=chatgpt.com
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