đš Crypto Alert from France! đš
French authorities are tackling a surge in crypto scams, with annual losses hitting âŹ500 million. The AutoritĂ© des MarchĂ©s Financiers reports an average victim loss of âŹ29,000 in 2024. Scammers use fake celebrity endorsements and AI-generated content to lure investors. Despite a drop in complaints, vigilance is key! Since 2022, nearly 5,000 unauthorized entities have been blacklisted, and 350 fraudulent sites blocked.
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