Scams news articles
ASIC Clamps Down on 615 Crypto Scam Websites as Fraudulent Activities Surge to $1.3 Billion
The Australian Securities and Investment Commission (ASIC) has made investment scams a priority for its task force for the past 12 months �...
ACCC Alleges Over Half of Facebook’s Crypto Ads Are Scams or Violate Policies
In news that won’t surprise many Facebook users, Australia’s consumer rights regulator has told a court that over half of the cryptocurr...
Gigantic Crypto-Ponzi Uncovered in South Korea, CEO Arrested over $365 Million Scam
Who wouldn’t love 45% returns on their assets? What could go wrong, right? In the case of a crypto scandal shaking up South Korea, it did ...
AFP: Phishing Scam Compromises Thousands of Australian Crypto Wallets
The Australian Federal Police (AFP) has partnered with blockchain analytics firm Chainalysis to identify over 2,000 Australian-owned crypto ...
HSBC Australia Says Crypto’s Popularity with Scammers is Reason for Recent Block
As reported earlier, HSBC Australia has stopped customers from sending money to cryptocurrency exchanges. The sweeping change was made witho...
Breaking: HSBC Blocks All Transactions to Crypto Exchanges Commencing 24 July
HSBC has just announced sweeping changes, affecting anyone using the bank to engage with crypto services – and with very little notice. Fr...
Uni of Queensland Highlights Need for Education on Crypto Scams
Newsflash: unsolicited advice from social media may not be the best way to safely invest in crypto. A new study from the University of...
Trump Declares Bid to Become “Crypto President” in 2024 Campaign Push, Vows to Revolutionise Digital Currency Landscape
Famous braggart, convicted felon, former US President and current presidential candidate, Donald Trump has declared himself a champion of th...
British Fintech Giant Revolut Eyes APAC Expansion as Australian Spending Soars
It’s been a positive start to 2024, with several key financial institutions entering the crypto scene. British payment goliaths Revolut ha...
‘I’m Good With It’ – Donald Trump Offers Strongest Crypto Endorsement Yet, Welcomes Crypto Campaign Donations
Over the past few years, I’ve read a few crackpot theories suggesting that 2020 was some sort of black hole that pushed our universe onto ...
ASIC “Very Concerned” about Crypto Fraud, Makes Move Against Miners
Australian Securities and Investment Commission (ASIC) chair Joe Longo is ‘very concerned’ about high-risk activity and the next big fra...
Crypto Sleuth Alerts to Scammer Network Behind DeFi Protocols Including Magnate, Kokomo, Solfire, and Lendora
As interest in crypto picks up, so too does the number of scammers looking to take advantage of investors’ FOMO. An example of this ...