Foresight News reports that the French Financial Markets Authority (AMF) states that cryptocurrency-related fraud is the main cause of approximately 500 million euros in annual losses for victims in France. The average loss for victims of financial fraud is 29,000 euros, while the average loss from fake savings accounts reaches 69,000 euros. Currently, French authorities are working with the Paris Prosecutor's Office, the Prudential Supervision and Resolution Authority (ACPR), and the Directorate General for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) to intensify efforts against these fraudulent activities. 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 and successfully blocked access to 350 fraudulent websites.