Bitcoin
Bitcoin (BTC)
$84,188.00 -0.24802
Bitcoin price
Ethereum
Ethereum (ETH)
$1,912.93 -1.45976
Ethereum price
BNB
BNB (BNB)
$605.47 -0.18733
BNB price
Solana
Solana (SOL)
$130.21 -3.68033
Solana price
XRP
XRP (XRP)
$2.33 -3.59074
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000136 6.49178
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -5.42886
Pepe price
Bonk
Bonk (BONK)
$0.0000108 -2.02142
Bonk price
dogwifhat
dogwifhat (WIF)
$0.484014 -3.63376
dogwifhat price
Popcat
Popcat (POPCAT)
$0.192299 -0.83472
Popcat price
Bitcoin
Bitcoin (BTC)
$84,188.00 -0.24802
Bitcoin price
Ethereum
Ethereum (ETH)
$1,912.93 -1.45976
Ethereum price
BNB
BNB (BNB)
$605.47 -0.18733
BNB price
Solana
Solana (SOL)
$130.21 -3.68033
Solana price
XRP
XRP (XRP)
$2.33 -3.59074
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000136 6.49178
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -5.42886
Pepe price
Bonk
Bonk (BONK)
$0.0000108 -2.02142
Bonk price
dogwifhat
dogwifhat (WIF)
$0.484014 -3.63376
dogwifhat price
Popcat
Popcat (POPCAT)
$0.192299 -0.83472
Popcat price
Bitcoin
Bitcoin (BTC)
$84,188.00 -0.24802
Bitcoin price
Ethereum
Ethereum (ETH)
$1,912.93 -1.45976
Ethereum price
BNB
BNB (BNB)
$605.47 -0.18733
BNB price
Solana
Solana (SOL)
$130.21 -3.68033
Solana price
XRP
XRP (XRP)
$2.33 -3.59074
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000136 6.49178
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -5.42886
Pepe price
Bonk
Bonk (BONK)
$0.0000108 -2.02142
Bonk price
dogwifhat
dogwifhat (WIF)
$0.484014 -3.63376
dogwifhat price
Popcat
Popcat (POPCAT)
$0.192299 -0.83472
Popcat price
Bitcoin
Bitcoin (BTC)
$84,188.00 -0.24802
Bitcoin price
Ethereum
Ethereum (ETH)
$1,912.93 -1.45976
Ethereum price
BNB
BNB (BNB)
$605.47 -0.18733
BNB price
Solana
Solana (SOL)
$130.21 -3.68033
Solana price
XRP
XRP (XRP)
$2.33 -3.59074
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000136 6.49178
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -5.42886
Pepe price
Bonk
Bonk (BONK)
$0.0000108 -2.02142
Bonk price
dogwifhat
dogwifhat (WIF)
$0.484014 -3.63376
dogwifhat price
Popcat
Popcat (POPCAT)
$0.192299 -0.83472
Popcat price

UK sees over 40% surge in crypto-related fraud cases 

Yana Khlebnikova
Edited by
News
UK sees over 40% surge in crypto-related fraud cases 

The United Kingdom’s Action Fraud has revealed that cryptocurrency-linked fraud cases have increased in the past year, reaching 306 million pounds ($378 million). Authorities have proposed regulating the UK’s web3 space, like its gambling sector.

Despite a significant increase in crypto and web3 adoption, scams, hacks, and heists have continued to plague the industry, with recent research data estimating that market participants lost nearly $4 billion to bad actors in 2022 alone.

In the latest development, Action Fraud, the UK’s national reporting center for cybercrime and fraud, has revealed that crypto investors in the country have lost over GBP 300 million to bitcoin-related (BTC) scam schemes over the past year.

This represents a 41% increase in crypto fraud losses compared to the 216 million pounds lost in the previous year. The report notes that more than a third of the crypto scam incidents occurred in Nov. 2022, coinciding with Sam Bankman-Fried’s FTX scandal.

Curbing the menace 

As recently reported by crypto.news, a select group of UK lawmakers has urged authorities to regulate cryptщ like gambling activities since regulating retail crypto trading as financial services could mislead investors.

Last month, reports emerged that the Financial Conduct Authority (FCA) had signaled plans to formulate a crypto regulatory framework in collaboration with web3 businesses in the UK, to ensure compliance with anti-money laundering and counter-terrorist financing (CTF) laws.