Wu said that according to Cryptonews, the French Financial Markets Authority (AMF) reported that cryptocurrency-related scams are the main cause of approximately 500 million euros in losses for victims each year. French authorities are cooperating with the Paris Prosecutor's Office, the Prudential Supervisory and Resolution Authority (ACPR), and the Directorate General 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 euros, while the average loss due to fake savings accounts reaches 69,000 euros. Data shows that men under 35 are particularly vulnerable. Since January 2022, the AMF and ACPR have blacklisted nearly 5,000 unauthorized investment platforms and market participants. Additionally, they have successfully blocked access to 350 fraudulent websites.