According to TechFlow news on December 26, as reported by Cryptonews, the French Financial Markets Authority (AMF) states that cryptocurrency-related fraud is the main cause of approximately €500 million in annual losses for victims. French authorities are working with the Paris Prosecutor's Office, the Prudential Supervision and Resolution Authority (ACPR), and the General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) to intensify efforts to combat these fraudulent activities.
The AMF report states that as of November 2024, the average loss for victims of financial fraud is €29,000, while the average loss due to fake savings accounts is as high as €69,000.
In September 2024, a survey conducted by BVA Xsight for the French Financial Authority revealed that 3.2% of French adults have fallen victim to financial investment scams, a threefold increase compared to 2021.
Data shows that men under 35 are particularly vulnerable. They are impatient and lack confidence in their investment knowledge. Scammers exploit social media platforms, promising unrealistic returns to take advantage of this demographic.