![]() ![]() ![]() "A lot of it is actually through social media like Facebook groups or other online forums and in some cases this unfortunately points you not to necessarily very legitimate operators. "When you actually think about transacting and investing in crypto there are lots of different ways of doing it," Mr North said. Mr North warns a number of factors such as the escalating value of bitcoin and the increasing tendency to invest via online schemes operating offshore, means the risk is higher than ever, but people are too often still willing to take that risk. Go direct to the source Download the ABC News app for all the latest.Īustralians are losing millions of dollars a year to unscrupulous operators praying on the gullible in a growing digital minefield of fake companies, using fake websites brandishing fake graphs of fake profits. ![]()
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