【Cryptocurrency scams cause financial fraud losses of 500 million euros annually in France】According to a report by Jinse Finance, the French Financial Markets Authority (AMF) states that cryptocurrency-related scams are the main cause of victims losing approximately 500 million euros 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 eager for quick success and lack confidence in their investment knowledge. Scammers exploit social media platforms, promising unrealistic returns, thereby taking advantage of this demographic.