[Report: Australian investors lost $122 million to crypto scams in the past 12 months] According to a new report from the Australian Federal Police (AFP), Australians have lost $122 million (A$180 million) to crypto scams in the past 12 months, with most victims under the age of 50. In a statement on August 28, the AFP revealed that investment scams caused a total loss of $269 million (A$382 million) last year, of which about 47% were related to cryptocurrencies.