Topic
Investment & crypto
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Pig butchering
A long-running scam that builds trust, often romantically, before persuading the victim to invest in a fake platform.
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Investment and crypto scams: the profits that are never real
Fake trading platforms, celebrity adverts and “pig butchering” schemes cause some of the biggest losses per victim.
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Australia Scams Prevention Framework
Sets mandatory obligations for banks, telcos and digital platforms to prevent, detect, report, disrupt and respond to scams, with external dispute resolution…
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Celebrity “crypto platform” adverts on social media
Fake news-style ads using deepfaked celebrities promote a trading platform. Early “profits” are shown on screen, but withdrawals are blocked until more…
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Global scam losses hit $62bn as AI supercharges fraud
A new industry report puts 2025 losses at $62 billion, growing around 19% a year. Wider estimates are many times higher.
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Australia’s scam losses climbed 7.8% in 2025 as new rules take shape
The National Anti-Scam Centre recorded rising losses, while banks, telcos and platforms prepare for mandatory obligations.
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Pig butchering: the industrial scam factories behind your “wrong number” text
A friendly message from a stranger can be the first step in a months-long investment scam — often run by trafficked workers.