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22 April 2021

UK prosecutor expects crypto scams to increase, but numbers remain low for now

UK prosecutor expects crypto scams to increase, but numbers remain low for now


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UK prosecutor expects crypto scams to increase, but numbers remain low for now.

Just 0.6% of overall fraud cases related to cryptocurrency, while as little as 3% related to cyber-crime in general.

Director of public prosecutions at the CPS, QC Max Hill, said promises of high investment returns were a common gambit used by fraudsters, and he expects cases involving crypto to increase.

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