Australian Regulator Removes 3,000 Crypto Scams
Australia’s markets regulator is set to expand its crackdown on online scams after taking down 14,000 online scams since July 2023, with over 3,000 purporting to involve crypto.
The online scams include investment scams, phishing websites and are found in online advertisements. ASIC Deputy Chair Sarah Court said in a statement that ASIC’s investment scam enforcement efforts will now be expanded to include social media ads.
“The takedown capability is one example of how we are monitoring the latest trends and acting to protect Australians from those who try to steal from them.”
Worldwide losses from crypto hacks, scams, and exploits hit $2.47 billion in the first half of 2025, representing a nearly 3% increase compared to the…
