ASIC’s Crypto Scam War: A Glimpse into 2025
As the crypto business payout system continues to grow, so do the methods used by scammers. Australia’s very own Australian Securities and Investments Commission (ASIC) is stepping up the fight against this trend, taking down thousands of fake sites. This article dives into the concerning rise of crypto scams, the tactics employed by fraudsters, and the steps consumers and businesses can take to protect themselves as the landscape shifts.
Crypto Scams Take Center Stage
Since mid-2023, ASIC has ramped up its crackdown on online scams, taking down over 14,000 fraudulent sites—3,000 of which are related to crypto. This is a crucial move as global losses from crypto scams, hacks, and exploits hit a staggering $2.47 billion during the…
