Advertisement
Home News Altcoins Last Year, Investors Lost $ 34 Million In Crypto Fraud

Last Year, Investors Lost $ 34 Million In Crypto Fraud

-

The UK Financial Conduct Authority is considering prohibiting “high-risk derivatives related to crypto assets”.

Mars Finance APP (micro letter: hxcj24h) reported first-line, according to the British financial behavior Authority (FCA) research report, 2018 ~ 2019, the country’s encryption investors due to crypto monetary and foreign exchange fraud, a total loss of $ 34 million.

According to data collected by the FCA from the UK National Fraud and Cybercrime Reporting Center, personal losses due to fraud were reduced from $76,000 to $18,500, and total losses were reduced by $14 million. According to the report, the FCA is considering prohibiting “high-risk derivatives related to encrypted assets”.

FCA executive director Mark Steward warned that fraudulent methods used by fraudsters are often convincing, and investors must research the companies that are preparing to invest and ensure that their trading volume is true.

FCA also pointed out that scammers will find potential investors through social media. Fraud cases often use fake celebrity photos and images of luxury goods such as cars and watches.

Last year, ICO consulting company Statis Group released a research report saying that more than 80% of ICOs in 2017 were scams, and the related losses in that year totaled $1.34 billion. According to the cointelegraph, Bitcoin exchange Goxtrade was recently allegedly advertised for false employee information, and Goxtrade posted photos of non-affiliated employees on social media sites to build its employee gallery. In addition, the company did not register at the advertising address, nor did it exist in the UK corporate registry.

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

Loading...
Coinworldstory
Coinworldstory.com Provide Latest Review From , ICO, Hyip, Bitcoin , Paid To Click , Blockchain Technology, Affiliate Marketing, Mlm, Etc .Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com

PRESS RELEASE

PARSIQ’s Universal Tool Launched Into Crypto Space

PARSIQ launches a comprehensive tool for blockchain analysis and monitoring Both Bitcoin and the transactions in its blockchain, as in the alternative cryptocurrencies (Altcoins), tend...

The Ecom Platform Borns To Simplify The Operation With Cryptos

Global adoption takes its course and continues to expand a new trend shift. In the age of data, privacy, and other Internet-related issues, we...

Geco.one, The Nexus Between Experience And Liquidity

The Geco One platform generates synergies between the active parts of the market A new trading platform for cryptographic assets will be launched in the...
- Advertisment -
# NamePriceChanges 24H Volume 24H
HashFlare
Changer.com - Instant Exchanger