A UK woman lost £180,000 ($227,292) in a sophisticated cryptocurrency scam. Criminals posed as investment advisors and gained access to her phone and laptop, transferring large sums of money.
UK Government Ramps Up Efforts to Tackle Fraud
The UK government plans to crack down on fraud, employing 400 specialists to combat the annual fraud cost of $9 billion. Prime Minister Rishi Sunak is determined to put an end to these activities.
“Life will never be the same and I am trying to come to terms that some people can be so ruthless. ”
Cold Call Ban Proposed to Counter Crypto Scams
In response to the surge of crypto-related scams, the UK government is considering a ban on financial institutions conducting cold calls. Over 50% of UK landline users received suspicious calls between August and November 2022.
Read more here at https://beincrypto.com/uk-elaborate-crypto-scam/
