Half a billion pounds lost to cryptocurrency fraud in three years

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Almost half a billion pounds has been lost to cryptocurrency scams over the past three years, according to data from Action Fraud.

Scammers raked in £226m in 2021-22, up from £171m in 2020-21 and £71m the year before, a freedom of information request to the national crime reporting service has revealed.

The number of reports it received about crypto fraud increased to 10,030 in 2021-22, up 16pc on the previous year.

Half a billion pounds lost to cryptocurrency fraud in three years

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