Crypto fraud value surged 32 per cent to £226m this year

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By Jack Mendel Crypto fraud has surged during the tough economic climate by almost a third this year alone. More than 10,000 crypto fraud reports were made this year, a 16 per cent rise on 2021, as thousands of people were scammed. The value of UK crypto fraud surged by 32 per cent from £171m to £226m this year, according to data from Action Fraud, obtained by law firm Pinsent Masons via a freedom of information request. Hinesh Shah, a senior associate at the firm who specialises in forensic accounting and financial crime investigations, said “whenever times are tough, fraudsters always seek t…