Bitcoin Fraud in Australia Grew by Almost 200 Percent in 2018
Australia’s consumer protection watchdog says instances of Bitcoin and other cryptocurrency-related fraud increased by nearly 200 percent in 2018. Despite the year-long bear market that characterized the period, it appears cryptocurrency con-artists continue to enjoy relative success defrauding unsuspecting victims. Meanwhile, even with the rising figures, cryptocurrency-related fraud continues to constitute an insignificant portion of financial crimes in Australia and several other countries around the world.
