Cryptocurrency fraud leads to financial fraud losses of 500 million euros annually in France

Odaily Planet Daily News: The French Financial Market Authority (AMF) reported that cryptocurrency related fraud is the main cause of approximately 500 million euros in annual losses for victims. The French authorities are working with the Paris Prosecutor's Office, the Audit and Resolution Regulatory Authority (ACPR), and the Directorate General for Fraud, Consumer and Fraud Control (DGCCRF) to intensify efforts to combat these fraudulent activities. Data shows that men under the age of 35 are particularly susceptible to the impact. They are eager for quick success and lack confidence in their investment knowledge. Scammers use social media platforms to promise unrealistic returns and exploit this group of people. （Cryptonews ）