Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a...

Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year

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Source: Coindesk.com

The Australian Securities and Investments Commission (ASIC) said it closed down 615 cryptocurrency investment scams in the first year of a program to tackle fake investment websites.

The closures comprise about 9% of the total 7,300 phishing and other investment scam websites the regulator said it identified in a Monday statement. Australians lost A$1.3 billion ($870 million)

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The post "Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year" appeared first here Coindesk.com.

Source: Coindesk.com

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