Home Business £1m of cryptocurrency scams reported to Santander by customers each month

£1m of cryptocurrency scams reported to Santander by customers each month

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Around £1 million-worth of cryptocurrency scams are being reported to Santander UK by its customers each month.

he bank said it has recently seen an increase in the value of such cases, which can involve a fraudster taking over a victim’s computer and freezing them out of their accounts.

Customers may see adverts online for cryptocurrency investment “opportunities”, or be introduced to them by other social media users, and adverts can appear to be endorsed by celebrities.

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