Belgium’s Financial Services and Markets Authority (FSMA) has added 28 new sites to its crypto-related fraud blacklist, as it reiterates its warnings to consumers in a fresh alert posted today, September 4. The FSMA has said that despite its prior risk alerts, the agency continues to receive complaints from consumers swindled by fraudsters capitalizing on the cryptocurrency “hype.” The warning says that scammers are canny enough to lure victims in with easy-seeming profits, but that at this point, “the only thing they actually do […] is take the customers’ money and disappear. It is as simple as that.” The agency …

Belgian authorities have launched a website to raise awareness of the risks associated with investments in crypto, the FPS Economy (FPS) announced in a public statement June 5. The FPS noted the sharp spike in interest towards crypto investments, which they said “causes a lot more people to be scammed.” According to the statement, Belgian investors reported the loss of €2.2 mln ($2.5 mln) in crypto scams to the FPS last year. The FPS said that this is “just the tip of the iceberg” as only 4 percent of crypto fraud cases are reported. Per their estimations, investors in Belgium …