ASIC Pulls 3,106 Crypto Scams as AI Networks Target Aussie Savings

In FY26, the Australian Securities and Investments Commission shut down over 19,400 online scams, a 182% surge, including 3,106 cryptocurrency investment platforms. How Syndicates Use Deepfakes and AI Infrastructure Australia’s corporate regulator has issued a stark warning to investors as sophisticated, AI-generated deceptive networks—often built around fake cryptocurrency platforms and deepfake endorsements—continue to target Australian […]

Source: https://news.bitcoin.com/regulation-and-legal/asic-pulls-3106-crypto-scams-as-ai-networks-target-aussie-savings/