Australian regulator trials auto take-down of crypto scam sites
The ACCC reported that Australians had lost $113 million in cryptocurrency scams last yea
According to an IT News report, sites already taken down include “phishing sites impersonating Australian businesses and government authorities,”
Ken Gamble, executive chairman of private intelligence firm IFW Global, praised the development.
He said those investing in cryptocurrency should do their own due diligence as many websites clone bigger companies to scam potential investors