Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

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Investment scams have been by far the most common type in Australia recently, a new report by the country’s consumer watchdog has revealed. And while a growing number of Australians fall victim to fraudulent schemes involving cryptocurrency, bank transfers remain the scammers’ favorite way to extract money.

Australians Lose $670 Million to Scammers in a Year, Including $75 Million Through Bank Transfers

Residents of Australia have lost $851 million Australian dollars (almost $670 million) in over 444,000 reported […]

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