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The Australian Securities and Investments Commission (ASIC) has announced that it has helped authorities shut down more than 600 crypto platforms in 2023 as part of an initiative to curb online investment fraud.
ASIC claims that since July 2023, it has stopped 5530 cases of fraud by the creators of fake investment platforms, 615 of which were related to crypto assets. In addition, the regulator, according to its data, found and eliminated 1065 phishing hyperlinks. In most cases, they were spread through fake news articles and deepfakes with famous faces. ASIC estimates that Australians lost $1.3 billion in total losses from investment fraud last year.
The latest technologies can improve living and working conditions, but, on the other hand, provide fraudsters with new opportunities to steal money," said ASIC Deputy Chairman Sarah Court.
An average of 20 suspicious websites are blocked every day, but scammers continue to find new ways to lure more victims into the trap, ASIC complained. To detect suspicious investment platforms, ASIC cooperates with the National Anti-Scam Center (NASC).
ASIC claims that since July 2023, it has stopped 5530 cases of fraud by the creators of fake investment platforms, 615 of which were related to crypto assets. In addition, the regulator, according to its data, found and eliminated 1065 phishing hyperlinks. In most cases, they were spread through fake news articles and deepfakes with famous faces. ASIC estimates that Australians lost $1.3 billion in total losses from investment fraud last year.
The latest technologies can improve living and working conditions, but, on the other hand, provide fraudsters with new opportunities to steal money," said ASIC Deputy Chairman Sarah Court.
An average of 20 suspicious websites are blocked every day, but scammers continue to find new ways to lure more victims into the trap, ASIC complained. To detect suspicious investment platforms, ASIC cooperates with the National Anti-Scam Center (NASC).
