Australian Watchdog Warns of Spike in Crypto Scams During Coronavirus Pandemic

[Nikko]

Australian Watchdog Warns of Spike in Crypto Scams During Coronavirus Pandemic

Australia’s Securities and Investment Commission says that between March and May, investment scams of all types rose by 20% as compared to the same period in 2019.
The Australian Securities and Investment Commission (ASIC) has identified a sharp rise in investment scams during the coronavirus pandemic and has singled out crypto-related fraud as a particular concern.

Between March and May 2020, investment scams of all types have reportedly risen by 20% as compared to the same period in 2019, according to ASIC’s announcement on June 24.

Readmore: https://cointelegraph.com/news/australian-watchdog-warns-of-spike-in-crypto-scams-during-coronavirus-pandemic