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Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2025a 162.4% increase from Recently, there has been a 162% increase in cryptocurrency scams in Australia, leading to substantial monetary losses amounting to $150 million and generating A recent report from the Australian Competition and Consumer Commission (ACCC) has revealed that cryptocurrency-related scams accounted for 7.1% of the total $2.08 Australian residents were reported to have lost an estimated $148.3 million (221.3 million Australian dollars) to business venture frauds where crypto was utilized as Australians lost over $148M from crypto scams in 2025, a 162% YoY increase. Bank transfer payment scams totaled nearly $141M, while crypto payment scams were $7.3M less. Crypto

Australia Crypto Scams Surge by 162%: $150 Million Lost

Australians are facing a significant surge in cryptocurrency scams, with losses skyrocketing to an estimated $150 million. Recently, there has been a 162% increase in cryptocurrency scams in Australia, leading to substantial monetary losses amounting to $150 million and generating widespread concern.

Staggering Losses Reported in 2025

Australians lost over $148M from crypto scams in 2025, a 162% YoY increase. A recent report from the Australian Competition and Consumer Commission (ACCC) has revealed that cryptocurrency-related scams accounted for 7.1% of the total $2.08 billion lost to scams nationwide.

Details of the Losses: $148.3 Million Gone

Australian residents were reported to have lost an estimated $148.3 million (221.3 million Australian dollars) to business venture frauds where crypto was utilized as the payment method. Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2025 – a 162.4% increase from the previous year.

Crypto vs. Bank Transfer Scams

While bank transfer payment scams totaled nearly $141M, crypto payment scams were $7.3M less. Crypto's allure and complexity make it a target for sophisticated scammers.

Protect Yourself From Crypto Scams

Stay vigilant and informed to avoid becoming a victim of these increasingly prevalent crypto scams. Learn how to identify red flags and protect your investments.