๐จ Australia Cracks Down on Crypto Scams ๐จ
Australiaโs ASIC has dismantled 14,000+ scams since July 2023 โ including 3,000+ crypto-related frauds. With losses from global crypto hacks & scams hitting $2.47B in 2025, regulators are now extending their fight to social media ads & deepfake-driven schemes.
๐ Key Highlights:
Avg. 130 scam sites taken down weekly in 2025
Investment scams = $73M lost this year (but trending lower vs. 2024)
Crypto ATMs under scrutiny โ 1,968 machines in Australia linked to fraud probes
โ ๏ธ ASIC urges vigilance: scammers are evolving fast with AI, fake bots & deepfakes.
