Lloyds Bank, the UK’s largest retail bank, has reported a 23% increase in cryptocurrency-related scams as reported by Action Fraud — the UK’s national fraud and cybercrime reporting centre. Scammers are targeting unsuspecting individuals by enticing them with the promise of high returns on investments in cryptocurrencies. Lloyds Bank warns customers to remain suspicious of any unsolicited advice or requests for money. It also suggests that customers perform due diligence before investing in any cryptocurrency and never reveal personal or financial information to unknown sources.
