Report: Australians Lost Over $4 Million to Crypto Scams in 201846

The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.1 million AUD ($4.3 million USD) lost to crypto criminals.

This marks a substantial rise from the $2.1 million AUD ($1.48 million) that was reportedly lost to scams in Australia back in 2017. The increase came even amid last year’s crypto winter, which saw virtually every digital asset in circulation lose a significant chunk of its value.

Original source
https://bitcoinmagazine.com/articles/report-australians-lost-over-4-million-crypto-scams-2018/

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