Scam! Scam! Scam! $2.5 Million Cryptocurrency Scams in this Summer.
A new report issued by the British authorities warns citizens of a prominent increase in cryptocurrency investment scams taking place inside the country over the summer. According to civil fraud and cybercrime describing center Action Fraud, 203 incidents of fraudsters cold calling sufferers using social media platforms to advertise ‘get rich quick’ investments including cryptocurrency trading and mining between June and July have cost victims £2,059,501.29 (~$2.5 million) in losses.
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