Lloyds Bank has issued an urgent warning to customers about the rising threat of crypto scams. The bank has seen a 23% increase in cryptocurrency investment scams reported by victims so far this year, compared to the same period in 2022. The average amount lost by each victim of a crypto investment scam is £10,741 (up from £7,010 last year). This is more than any other type of consumer fraud (such as romance scams or purchase scams).