July 23, 2024
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Australian Crypto Scams Increased by Over 162% With Nearly $150M Lost

In 2022, Australians lost 221.3 million Australian dollars ($148.3 million) as a result of investment scams in which bitcoin was utilized as a payment method, a 162.4% rise over 2021. According to the Australian Competition and Consumer Commission (ACCC)’s April 17 scam activity report, 3,910 crypto scam event reports were submitted in total, with the

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