Action Fraud Report: UK Crypto Fraud Climbs by a Third to Over $270 Million

Cryptocurrency fraud in the U.K. rose by 32% to 226 million pound ($273 million) in one year, according to report from the U.K. police unit Action Fraud.

And the report also said that U.K. is currently in a recession and the cost of living has increased, making some people vulnerable to fraudsters.