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Swedish Financial Regulator Signals Surge in Bitcoin Fraud during Q3
The Swedish financial regulator reported a troubling trend in investment fraud targeting Bitcoin users during the third quarter of 2023. The Financial Supervisory Authority (FSA) said thousands of consumers fall victim to various schemes yearly. In the third quarter, approximately 1,216 companies targeted private individuals through investment fraud. According to the FSA, this significant increase, as compared to the previous year, underscores the continuous growth of investment scams. Mikael Sandahl, the Financial Inspector at the FSA, said in a statement translated from Swedish: "Fraud is an important and ... (full story)