Harnessing Blockchain to Combat Crypto Fraud
Crypto fraud has become one of the fastest-increasing financial crime categories in the UK.
According to Action Fraud, UK investors lost £649 million to investment fraud in 2024, with cryptocurrency implicated in around two-thirds of reported cases.
The FCA reports that in just six months of 2025, it received over 5,000 reports of fake FCA impersonation scams, and took down over 900 illegal crypto websites and 56 fraudulent apps.
Such losses not only harm consumers but also threaten the UK’s ambitions to lead in digital finance innovation.
Author summary: Hedera's toolkit supports enterprise-grade crypto fraud prevention.
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