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Crypto Fraud Of Over $200M In UK This Year: Check Other Crypto News


According to the City of London Police, crypto fraud has resulted in losses of more than £146 million ($200 million) in the United Kingdom this year.


Since the beginning of the year, Action Fraud, the United Kingdom's national reporting centre for fraud and cyber crime, has received 7,118 allegations of crypto fraud, with an average loss of over £20,500 ($28,000) per report.

Crypto Fraud Of Over $200M In UK This Year: Check Other Crypto News
Between April 2020 and March 2021, Action Fraud received 558 such investment-fraud reports, with 79 percent of them including cryptocurrency.

According to Tom Lee, head of research at FSInsight, a markets strategy and research organisation, in an Oct. 18 report, bitcoin's gains will be extended following the approval of the first bitcoin futures exchange-traded fund (ETF) in the United States.

Mark Cuban, the owner of the NBA franchise Dallas Mavericks and a Shark Tank investor, believes that Ethereum currencies have the most potential as an investment.

While the crypto industry has surged this year, Cuban claims that not all digital money and assets are created equal.

An anonymous whale account has shifted approximately $112 million in Ethereum (about Rs. 839 crores) to another anonymous crypto wallet. Last night, about 10:30 IST, the transaction was completed.


Through his involvement with CoinDCX's 'Future Yahi Hai' campaign, Ayushmann Khurrana has become the latest star to go into the cryptocurrency field.

Rishabh Pant, the Indian wicketkeeper and captain of the Delhi Capitals, has struck another lucrative partnership with cricket NFT platform Rario. He is the latest cricketer to join the exclusive relationship, capitalising on the growing popularity of NFTs.

The state's attorney general ordered two bitcoin lending sites to suspend operations in New York on Monday, while three additional platforms were ordered to give details about their operations, according to reports.

Read more about: bitcoin ethereum cryptocurrency
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