At least once a week some institution or an opinion maker warns against crypto scams, and today it is Britain’s Financial Conduct Authority, Reuters reports.
According to the FCA, cybercriminals either use an image of a celebrity or a reputable address to trick unsuspecting victims. Britain is an unregulated territory for crypto. The FCA noted that it received a rising number of complaints regarding crypto scams.
The FCA said, “the firms operating the scams are usually based outside of the UK but will claim to have a UK presence, often a prestigious City of London address.”
A similar warning came from the Kaspersky Lab two days ago mentioning that in the second quarter of 2018 scammers stole more than $2,3 million through the crypto scams.