Nevertheless, the monetary skilled believes the unregulated nature of cryptocurrency means it’s an uphill battle for the authorities to stamp down on these criminals.
Mr Cannon defined: “In sensible phrases, they merely do not need the sources to manage from what I can see.
“They do a number of excessive profile investigations as a result of fraudsters know their possibilities of being successfully investigated are very low in the event that they proceed to function.”
Craig Mullish, a Momentary Detective Chief Inspector from the Metropolis of London Police, referred to as on crypto fans to develop into extra conscious of the dangers posed by pretend ads and phoney crypto offers.