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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · May 31, 2026 · How we report
The perpetrators called victims, claimed their cryptocurrency was at risk, and instructed them to transfer funds to accounts that appeared to be police‑run, but were controlled by the scammers.
Approximately £1 million of the stolen crypto was recovered by police, a fraction of the total £4 million taken.
Reported incidents rose to 77 in the first half of 2026, compared with 45 for the entire previous year, indicating a significant increase.
They launched a prevention platform and rapid‑alert system for crypto holders and professionals, leading to around 200 arrests.
CertiK advises using multisignature or multiparty computation setups, withdrawal delays, spending limits, and geographically separated signers.