The AFP believes the scale of crypto ATM scam losses is significantly under-reported. Photo by Elise/pexels.com A 15-fold increase in cryptocurrency ATMs has brought with it a surge in scams whose true financial cost has been hidden, the Australian Federal Police says. And scammers are targeting the middle-aged, especially women, 50 years or older as…
Police are warning about a rise in Binance scam texts. Photo: stock Authorities are warning Australian cryptocurrency customers about scammers impersonating the high-profile Binance exchange. The National Anti-Scam Centre (NASC) alerted more than 130 potential victims to the scam after they were identified through messages found on an end-to-end encryption platform, the Australian Federal Police…
Photo: stock The Australian Federal Police is investigating whether recent antisemitic attacks in Australia have been fuelled by overseas individuals. AFP Commissioner Reece Kershaw says since a special taskforce into antisemitic attacks, Special Operation Avelite, was formed in December, there had been 166 reports made to them. The taskforce is investigating 15 “serious allegations” of…
Picture: stock Donald Trump’s imminent return to the White House and China’s sweeping economic stimulus is driving renewed global interest in cryptocurrency. According to Australian crypto exchange Wayex, the global cryptocurrency industry is now valued at over A$5.8 trillion. The US is set to introduce new measures under the new Trump administration that paves the…
Cash seized by police during a raid in 2024. Photo: AFP Seven waterfront properties and almost $2m in cash are among a criminal haul seized by federal police in the last year. The Australian Federal Police says a Criminal Assets Confiscation Taskforce (CACT) seized over $110 million in cash and other assets over the last…
Image: stock The federal government has set up a cryptocurrency taskforce to identify and act against non-compliant crypto ATM providers. The Australian Transaction Reports and Analysis Centre (AUSTRAC) says cryptocurrency is increasingly being used for money laundering, scams and money mule activities. It says its taskforce will ensure digital currency exchanges (DCEs) with crypto ATM…