More Than $200M Lost to Crypto Fraud in the UK This Year

More Than 0M Lost to Crypto Fraud in the UK This Year
Crypto fraud has accounted for losses of over £146 million ($200 million) in the U.K. this year, according to the City of London Police.The figure is 30% higher than for all of 2020, the City of London Police said Monday.The U.K.’s national reporting center for fraud and cyber crime, Action Fraud, has received 7,118 reports of crypto fraud since the start of the year, equating to an average loss of over £20,500 ($28,000) each time.Detective Chief Inspector Craig Mullish described the significant increase in crypto fraud over recent years as “unsurprising,” given the increased time that people are spending online.One…