Tags: australia

Australia’s cybercrime system logged 150 crypto ATM scam cases, wherein victims collectively lost over $3.1 million in 12 months.

The probe began in 2023 after suspicious financial activity was flagged by AUSTRAC, which linked $190 million in crypto transfers to the accused.

ASIC charges Gunn with handling illicit funds via bank accounts repeatedly flagged for fraud, risking 3 years in prison if convicted.

The Federal Court penalized Kraken’s operator, Bit Trade, over non-compliant financial offerings targeting Australian customers.

The crypto executive stands accused of misusing customer funds, an offence attracting a maximum 20-year prison sentence.

The firm hosted a private event in Sydney to celebrate the launch, revealing the ETF will be available on most Australian brokerages.

AFP decoded a seed phrase, leading to the seizure of millions in cryptocurrency tied to the Ghost platform.

Blockchain oracle provider Chainlink has entered into a partnership with one of Australia’s largest banks. 

Two most common methods used by bad actors to trick individuals are pig butchering and deepfakes.

Crypto ATMs are more vulnerable to fraud and money laundering due to weaker KYC and AML protocols, as per a new report.

ASIC Deputy Chair Sarah Court warns that Australians lose billions yearly to scams, with AI helping fraudsters evolve their tactics.

Australian police in collaboration with Chainalysis uncover a major crypto scam targeting Australian citizens.

K2 Asset Management will act as the issuer of the ETF, while digital asset manager 3iQ will promote and distribute it globally.

VanEck said it has been in talks with Australian regulators about launching a spot Bitcoin ETF in the country since early 2021.

IBTC will keep its BTC holdings offline in a device not connected to the internet.

The Australian Securities Exchange is anticipated to greenlight the initial spot Bitcoin ETFs by the end of 2024.

The survey showed that 19% of the respondents would invest in a spot Bitcoin ETF if it were listed in the Australian Securities Exchange.