French authorities have released a report indicating that financial scams cost the country €500 million (around $558 million) annually, with cryptocurrency-related incidents accounting for a substantial portion of these losses. According to the report by the French Financial Markets Authority (AMF), individuals under 35, particularly men, are most susceptible to these scams. This demographic is often characterized by a desire for quick financial success but lacks the necessary investment knowledge, making them easy targets for scams that promise unrealistic profits. The AMF emphasizes its commitment to combating financial fraud through collaborations with the Paris Public Prosecutor's Office, the Prudential Supervision and Resolution Authority (ACPR), and the General Directorate for Competition, Consumer Affairs, and Fraud Control (DGCCRF). ```