- An increased number of Australians have reported crypto-asset (or cryptocurrency) scams to ASIC.
- Most crypto ‘investment opportunities’ reported to ASIC appear to be outright scams.
- Offenders are difficult to catch and lost money can be difficult to recover, especially when offenders operate outside of Australia and all contact has been online.
- Australian investors may lose all of the money they invest in fake crypto-assets.
FTSE Mondo Visione Exchanges Index: 100,102.56 +20.84
Scam Alert: ASIC Sees A Rise In Crypto Scams
Date 18/06/2020