Cryptoisers deceived Australian investors on $80 million – Bits Media

Australian Commission on Consumer Contemplation and Protection (ACCC) announced, that the least aware of cryptocurrencies are subject to fraud more than the rest.

ACSS reported an increase in the number of cases of fraud with cryptocurrencies in 2022 year. According to the supervisory authority, from 1 January by 1 May Australian crypto -investors lost $81.5 million. At the same time, the Australians lost in total in four months of the year $148 Milln as a result of various fraudulent actions. It turns out, In more than half of all crimes, cryptocurrencies were used.

Most of the registered cash losses from citizens over the past year have been associated with investment fraud. According to ACCC, The total amount of stolen funds for January-April on 314% more, than in the same four months last year.

Deputy Chairman of the Commission Delia Ricard (DELIA RICKARD) advised fellow citizens to carefully study everyone, who asks to invest or transfer money using digital assets, Especially if it's someone, Who did you meet on the Internet. According to Ricard, Ignorance of the nuances of the industry also makes people more vulnerable to fraud.

ACCC is claimed, that the true scale of losses from cryptocressions, probably, much higher, Since only 13% People are reported about losses. The commission emphasized: despite , that the number of messages has slightly decreased, reported amounts of losses on the contrary, They became noticeably more.

The regulator noted, that cryptocurrency frequency fraud has significantly surpassed fraud with traditional bank payments. Many criminals stopped using bank transfers, since the victim’s cryptocurrencies are much easier to suggest, that she can get super -high profits.

Earlier, the Australian Consumer Protection Group CHOICE was calling for the regulation of the digital currency market as soon as possible, To provide protection for investors.