Source: https://decrypt.co/314138/crypto-investment-fraud-uk-london-police

Cryptocurrency fraud has become increasingly challenging to combat due to the rise of scams that promise unrealistic returns, according to legal experts in the field. As digital assets gain popularity and more individuals venture into the world of crypto trading and investing, fraudulent schemes have also proliferated, making it crucial for users to exercise caution and due diligence.

One attorney, speaking to Decrypt, highlighted the difficulty in addressing crypto fraud, emphasizing that the allure of schemes that offer high returns with minimal risk can be enticing for unsuspecting individuals. The attorney emphasized that the saying "if it sounds too good to be true, it probably is" is particularly relevant in the cryptocurrency space, where promises of quick wealth can often lead to financial ruin.

The decentralized and pseudonymous nature of many cryptocurrencies