Australian cryptocurrency scams earned $4.3 million last year, up 190%34

Australian fraudsters earned $4.3 million (AU$6.1 million) with cryptocurrency scams last year—a revenue increase of 190 percent when compared to 2017. The Australian Competition and Consumer Commission (ACCC)’s new report details the extent of the nation’s problem with cryptocurrency fraud. In total, it fielded 674 reports of scams that requested cryptocurrency for payments in 2018. Almost half o...

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