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The Financial Conduct Authority (FCA) of the United Kingdom has indicated that losses from investment scams, including those related to cryptography, amounted to more than £ 197 million ($ 255 million) in 2018. The agency announced these losses in an official press release issued Feb. 6.
According to data from the FCA Call Center, the most common scams reported were unauthorized investments in stocks and bonds, foreign exchange markets and cryptocurrencies. Each victim lost on average £ 29,000 ($ 37,000), these types of fraudulent investments representing a total of 4,996 reported cases and constituting 85% of the total number of fraudulent reports in 2018.
In the recent warning to investors, the FCA pointed out that investors should be especially cautious when investing in the first quarter of the year, which is considered the peak of the investment season before the end of the year. the year of taxation.
Financial supervision has also noted that the spread of investment-related scams is shifting from clbadic cold calls to online scams. According to the FCA, scam artists have used 9% more online sources than in 2017, contacting people through emails and professional websites, as well as via social media sites such as Facebook and Instagram.
Earlier in January, the CipherTrace crypto-badysis company reported that about $ 1.7 billion had been illegally obtained, including $ 960 million stolen from cryptographic exchanges and $ 725 million lost in scams, exit programs and offers of fraudulent coins.
In December 2018, the FCA revealed that it was investigating 18 companies for use of cryptocurrency. A month earlier, in November 2018, the FCA had stated that it was investigating more than 50 cryptography-related entities that could offer financial services without the proper permission.
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