The Australian Federal Police revealed that scammers are using deepfakes and pig butchering as their primary methods to defraud victims.
Australians lost $122 million ($180 million AUD) to crypto scams in the last 12 months, with most of the victims being under the age of 50, according to a new report from the country’s federal police.
In an Aug. 28 statement, the Australian federal police (AFP) revealed that a total of $269 million ($382 million AUD) had been lost to investment scams over the last year, with around 47% of them being crypto-related.
Data from the Australian government website Scamwatch claims most scams are initiated by text message or email. Source: Scamwatch
