Australian regulator claims 58% of crypto ads on Facebook are scams
Australia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform…
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Australian Competition and Consumer Commission
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Crypto-related investment fraud rose 53% in 2023: FBI
According to the FBI, cryptocurrency-related investment fraud accounted for 86% of all investment losses within the United States…
Australia proposes scam code to curb fraud in banking, ‘crypto’
As part of the Scams Awareness Week this year, the Aussie Treasury proposed new codes for scams and…
Blockchain Australia CEO calls for unified efforts to stamp out crypto scams
Simon Callaghan said that efforts need to start on social media and telecommunication channels where most cryptocurrency scams…
Australian banks claim 40% of scams 'touch’ crypto as it defends restrictions
During a panel at the Australian Blockchain Week, executives from Australia’s major banks explained why they added restrictions…
Australians lost $150M to digital assets scams in 2022
A recent report by the ACCC revealed that scammers swindled $2.1 billion in 2022—a new record—with investment scams…