April 22, 2025
Blockchain

Santander reports a 61% increase in “famous” crypto scams

  • June 29, 2022
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In January-March, the number of crypto scams associated with famous people increased by 61% compared to the fourth quarter of 2021. Bloomberg writes that such forecasts were given

Santander reports a 61% increase in “famous” crypto scams

Santander reports a 61% increase in “famous” crypto scams
Santander reports a 61% increase in “famous” crypto scams

In January-March, the number of crypto scams associated with famous people increased by 61% compared to the fourth quarter of 2021. Bloomberg writes that such forecasts were given by analysts at Santander Bank.

In each such event, annual average losses increased 65% to GBP 11,872 ($14,540), with total damage exceeding GBP 2 million (~$2.45 million).

“We are seeing an alarming increase in celebrity-approved crypto fraud cases”said Chris Ainsley, Santander UK’s head of fraud risk management.

According to the current rates, the growth may be 82% at the end of the year.

Recall that in early 2022, the owners of the fake YouTube channel of the head of MicroStrategy, Michael Saylor, withdrew 26 BTC (more than $ 1.1 million at the time) from an unknown user.

Earlier, Elliptic experts discovered millions of dollars worth of transactions related to illegal activities with the Dogecoin meme cryptocurrency.

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Source: Fork Log

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