Bank warns of surge in crypto scams falsely claiming to be backed by likes of Harry and Meghan

A ‘worrying’ surge in cryptocurrency scams falsely claiming to be endorsed by celebrities such as Prince Harry and Meghan Markle has been reported by a major high street bank. 

On average, people lost £11,872 to this type of scam in the first quarter of this year, Santander UK said.

Based on the current growth in these frauds, Santander is expecting to see an 87 per cent increase in cases in 2022, compared to last year.

Chris Ainsley, head of fraud risk management, Santander UK, said: ‘We’re seeing a worrying rise in ‘celebrity-endorsed’ cryptocurrency scams, where familiar faces are being…

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