Cryptocurrencies

Celebrity-Endorsed Crypto Scams Soaring in UK, Santander Says

Case volumes jumped 61% in 1Q from prior three months
Branson brought attention to the issue in June interview

Richard Branson brought attention to the issue of celebrity-endorsed cryptocurrency scams this month, telling Bloomberg he’s stepping up efforts to stop his name from being used in fraudulent crypto schemes. — Richard Branson brought attention to the issue of celebrity-endorsed cryptocurrency scams this month, telling Bloomberg he’s stepping up efforts to stop his name from being used in fraudulent crypto schemes.
Photographer: Raul Arboleda/AFP/Getty Images

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By Tanzeel Akhtar

June 28, 2022 at 8:20 AM EDT

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Celebrity-endorsed cryptocurrency scams in the UK are on pace to almost double this year, Banco Santander SA’s local unit said.

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Before it’s here, it’s on the Bloomberg Terminal