According to data from the U.K. police division Action Fraud, which was revealed by the Financial Times on Monday, cryptocurrency fraud in the UK increased by 32% to 226 million pounds ($273 million) in a year. Increase of Cryptocurrency Fraud in the UK Due to the crisis that the UK is presently experiencing and rising living expenses, some people are more susceptible to fraud. According to Hinesh Shah, a forensic accountant at Pinsent Masons, fraudsters often aim to rely on less experienced investors by offering enormous profits when circumstances are difficult. The United Kingdom has already seen a rise in The post Cryptocurrency Fraud in UK Increases by a Third to Over $270M appeared first on Cryptoknowmics-Crypto News and Media Platform .
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