Irish Authorities Recover Millions Lost to Banking Scams Targeting Traditional Customers

Irish authorities have recovered about 4 million euros out of 20 million lost to banking scams since January 2023.

Fraudsters are targeting traditional banking customers instead of crypto investors amid the bear market.

Scammers mimic banks through phone calls and emails to convince victims to give up their savings.

Over 20 UK bank accounts identified as being used by scammers, but operation not yet dismantled.

Australian bank claims 40% of scams "touch" crypto, higher than previous 1 in 3 estimate.