Over 50% of cryptocurrency Suspicious Activity Reports relate to fraud
![Cryptocurrency SARs](https://www.123signed.com/wp-content/uploads/2023/06/123signed-SAR-web.png)
According to the UK Financial Intelligence Unit (UKFIU), in suspicious activity reported by cryptocurrency exchanges, reports relating to fraud accounted for just over 50% of their Suspicious Activity Reports (SARs). Approximately one quarter of these related to investment fraud, where the victim had been scammed into setting up a cryptocurrency wallet, with the promise of […]