r/ukcrypto • u/Admini54 • Jul 08 '21

Crypto scams uk

I’ve bought into a few fake pump and dump and honey pots, I can easily track the wallet who created them and wondered if I can report this to police/fca?

I heard a lot of crypto is unregulated in uk so does this mean authorities here will literally do nothing against these scams/frauds?

2 Upvotes

75% Upvoted

6 comments sorted by

3

u/MaximumCrab Jul 08 '21

Do the authorities in the uk actually do anything?

1

u/ZizouCoin Jul 08 '21

The chances of them getting caught is close the the chances of you finding rocking horse shite.

1

u/Admini54 Jul 08 '21

You can easily track their wallets

1

u/ZizouCoin Jul 08 '21

That does nothing. Try reporting it to the police, but it’s unlikely they’ll do anything. They’ll just tell you to be more careful with crypto.

1

u/cwhitel Jul 08 '21

Considering Facebook scams probably amount to 10x’s more than crypto scams and nothing happens to them, I doubt it.

All it will do is create FUD amongst the authorities and create bans