TechFlow news — On January 23, according to Financefeeds, the Belgian Financial Services and Markets Authority reported that in the second half of 2025, Belgian consumers lost over €23 million due to investment scams and illegal financial products. Losses from fake cryptocurrency trading platforms exceeded €10.5 million, while WhatsApp stock investment scams caused approximately €9.5 million in losses.
During this period, regulators received 1,622 consumer reports related to illegal financial products, indicating not only a rise in the number of scam cases but also an increase in average losses per victim, reaching around €73,000. Authorities have issued warnings about 240 fraudulent entities and 316 websites, with 65% linked to deceptive trading platforms, and urge consumers to remain cautious of unsolicited investment opportunities.
