Deep Tide TechFlow news, on December 26, according to Cryptonews, the French Financial Markets Authority (AMF) reported that cryptocurrency-related scams are the main cause of losses for victims amounting to approximately 500 million euros each year. French authorities are cooperating 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, financial scam victims lose an average of 29,000 euros, while losses from fake savings accounts can be as high as 69,000 euros on average.
In September 2024, a survey conducted by BVA Xsight for the French Financial Management Authority showed that 3.2% of French adults became victims of financial investment scams, which is three times higher than in 2021.
Data shows that men under 35 are particularly susceptible. They are eager for quick gains and lack confidence in their investment knowledge. Scammers exploit social media platforms, promising unrealistic returns to take advantage of this demographic.