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Surge in UK savings lost to investment scams, with fake crypto thought to top the list
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Collecting Cyber-News from over 60 sources

Surge in UK savings lost to investment scams, with fake crypto thought to top the list

Banking industry data shows £629m was stolen in six months from fraud that included gold, wine and property The amount of money lost to investment scams by UK consumers has leapt 55% in a year as cryptocurrency fraudsters intensify their efforts to cheat people out of their savings, data shows.Official UK banking industry data shows that while the total amount stolen by fraudsters increased 3% to £629m in the first six months of this year compared with last year, investment scam losses surged, reaching £97.7m during the period more than £500,000 a day. <a href=”https://www.theguardian.com/money/2025/oct/24/surge-uk-savings-lost-investment-scams-fake-crypto-fraud”>Continue reading…

First seen on theguardian.com

Jump to article: www.theguardian.com/money/2025/oct/24/surge-uk-savings-lost-investment-scams-fake-crypto-fraud

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