Australia’s Largest Bank Falls Victim to Crypto News Scam

[waybesuricata]

The largest lender in Australia has warned that a story claiming that it has partnered with a cryptocurrency trading platform is false.

The Commonwealth Bank of Australia (CBA) issued a statement that urged users to disregard reports that the bank had entered into a partnership with a trading platform.

The “article” purports to be a story on the Australian Broadcasting Corporation (ABC) website, but closer scrutiny shows the website is a funnel to redirect users to the scammer’s website.

“Commonwealth Bank has become aware of a fake news article circulating on social media, including Facebook, alleging the bank partnered with a cryptocurrency trading platform to encourage people to invest in crypto assets. This is totally false and untrue,” reads the warning.

The bank revealed that it has urged social media publishers to take down the article and has gone a step further to file a formal complaint with authorities.

Source:  https://beincrypto.com/australia-largest-bank-falls-victim-to-crypto-news-scam/