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Spotting scams

While you may not think that you would ever fall victim to a scam, scammers often take advantage of this sense of confidence.

Between January 2019 and July 2019, Australians lost a record $14.76 million to crypto-related scams (ACCC, 2019).

Why are scammers using crypto?

Due to the irreversible nature of crypto transactions, scammers can take your money and leave you with few options to recover your funds.

The best way to ensure this doesn't happen to you is through research, education, and preventative measures.

These days, scams operate as multi-layered, professional businesses with a dedicated team to determine the best way to steal your funds.

With convincing scripts, staff training programs and performance indicators, these companies are more equipped than ever to be as deceiving as possible.

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