Thursday 16 November 2023

Crypto scams are on the rise

Crypto scams are up 23% this year, and victims are losing an average of £10k. Typically, these scams convince people to set up a digital wallet on a legitimate trading platform like Coinbase or Binance, then later they’re tricked into transferring money directly to the fraudster or giving the scammer control of their account.

Read more on investment scams, and see examples of crypto scams to watch out for.

Crypto scams

Source: Which? (10 Nov 2023)

7 ways to spot a scam website

In the first half of 2023, purchase scams rose by 43% year on year, and as we enter the peak shopping period of the year, the numbers are li...