Australia’s securities regulator has removed 3,106 cryptocurrency investment scams during FY26 as its total online scam takedowns surged 182% to more than 19,400.
Summary
- ASIC removed 3,106 cryptocurrency investment scams during FY26, nearly 30% more than the previous year.
- Total online scam takedowns surged 182% to more than 19,400, including fake investment platforms and phishing links.
- Scammers are using AI deepfakes, fake news reports and celebrity impersonations to make fraudulent crypto platforms appear legitimate.
- Scams impersonating 10 frequently targeted Australian public figures accounted for more than A$7.4 million in reported losses.
- ASIC urged investors to…
