Santander reported a 61% increase in “celebrity” crypto scams

Santander reported a 61% increase in “celebrity” crypto scams

Santander reported a 61% increase in

The number of crypto scams associated with famous personalities in January-March increased by 61% compared to the fourth quarter of 2021. Such estimates were given by Santander bank analysts, writes Bloomberg.

The average loss in each such episode in annual terms increased by 65%, to 11,872 GBP ($14,540), and the total damage exceeded 2 million GBP (~$2 .45 million).

“We are seeing an alarming rise in ‘celebrity-endorsed’ crypto scams,” said Chris Ainslie, head of Santander's UK fraud risk management unit.

Based on current rates, growth could be 82% by the end of the year.

Recall that in early 2022, the owners of fake YouTube -Channel of MicroStrategy CEO Michael Saylor was swindled out of an unknown user for 26 BTC (more than $1.1 million at the time).

What is scam?

Elliptic previously uncovered millions of dollars worth of illegal transactions involving the Dogecoin meme-cryptocurrency .

Read ForkLog bitcoin news in our Telegram — cryptocurrency news, rates and analytics.