Belgian consumers suffered losses exceeding €10.5 million from fraudulent cryptocurrency trading platforms in the second half of 2025, according to the Belgian Financial Services and Markets Authority. The total losses from investment fraud and illegal financial products during this period surpassed €23 million, with WhatsApp stock scams accounting for approximately €9.5 million. The regulator received 1,622 reports of illegal financial products, highlighting a rise in both the number of fraud cases and the average loss per victim, which has increased to about €73,000. In response, warnings have been issued against 240 fraudulent entities and 316 websites, with 65% linked to fraudulent trading platforms. Consumers are urged to be cautious of unsolicited investment offers.
Belgian Crypto Scams Cost Consumers Over €10.5 Million in Q4 2025
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