Australian crypto scams increased by over 162% with nearly $150M lost By Cointelegraph
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Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2022 — a 162.4% increase from 2021.
According to an April 17 scam activity report from the country’s consumer regulator, the Australian Competition and Consumer Commission (ACCC), 3,910 crypto scam incident reports were made in total and the average Australian victim was stripped of $37,900 (AUD$56,600).
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Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2022 — a 162.4% increase from 2021.
According to an April 17 scam activity report from the country’s consumer regulator, the Australian Competition and Consumer Commission (ACCC), 3,910 crypto scam incident reports were made in total and the average Australian victim was stripped of $37,900 (AUD$56,600).
Continue Reading on Coin Telegraph
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