Tags: ACCC

While the total figures are “alarming,” crypto scams accounted for 7.1 of the total $2.08 billion stolen from Australians in 2022.

Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.

The new measures from the Australian government come as cryptocurrency scams skyrocketed 162 to $221 million in 2022.