PANews, December 27 - According to Cryptonews, the French Financial Markets Authority (AMF) reports that cryptocurrency-related scams are the main cause of approximately 500 million euros in losses for victims each year. French authorities are collaborating 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. 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, thereby targeting this demographic.