Crypto is lead sector for financial scam alerts in the UK: FCA

10/18 04:44

According to TheBlock, crypto dwarfed other financial sectors in scam reports last year, according to a new report from the UK's financial regulator. There were 8,568 suspected crypto scams reported to the Financial Conduct Authority during the period running from April 1, 2021 to March 31, 2022, according to an annual enforcement summary published by the agency. That's an approximately 36% increase from the same time the year before. That figure leads the board, more than doubling the runner-up scamming category of pension transfer to a new scheme.
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