šAustralian ASIC cracks down on crypto scams: 600 criminal cases solved in one year, AI technology has become an accomplice of cryptocurrency scams!
š± The Australian Securities and Investments Commission (ASIC) recently released some amazing figures, and they closed more than 600 cryptocurrency scams in the past year
š« According to reports, Australians lost billions of Australian dollars to scams in 2023. And, as technology advances, scammers are also using AI technology to improve their scams, which is really scary. š¤
š£ļøASIC Deputy Chairman Sarah Court said that investment scams are the most common type of fraud for Australians, with losses of $1.3 billion in 2023. Since July 2023, ASIC has coordinated the removal of more than 5,530 fake websites and 1,065 phishing scam hyperlinks and 615 cryptocurrency investment plans.
š¤·āāļø What is particularly worrying is that there are a lot of fake news and deep fake videos on the market now, and scammers use the credibility of public figures to lure victims. For example, there is a website called "Quantum AI" that uses fake celebrity endorsements to attract consumers and promises high returns, causing further harm to investors.
š° But the good news is that the cooperation between ASIC and the National Anti-Fraud Center (NASC) has helped reduce overall losses. They shut down an average of 20 investment scam websites every day, which is also an important step in stopping scammers.
š In your opinion, how can you better protect yourself from these scams? Do you have any good suggestions or personal experiences to share? Discuss in the comments section!
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