Crypto scam alert: How to avoid the latest investment scam
Think you have been scammed?
Do not send any more money.
Report it to your financial institution. If you are not happy with your financial institution’s response, you can make a complaint to the Australian Financial Complaints Authority and seek an award compensation for damages.
Be wary of secondary scams or money recovery services that may offer to help you get your money back for a fee.
Contact IDCARE, a free government-funded service, which can help to develop a specific response plan. IDCARE will never contact you out of the blue.
Report the scam to the Australian Competition & Consumer Commission at Scamwatch and to the Australian Cyber Security Centre at ReportCyber.
Report to ASIC if you notice ASIC’s logo, references to Moneysmart or ASIC staff on a company’s promotional materials. Include a link to the website or a screenshot. Your report may disrupt the scammers and hopefully will warn others to avoid it. Unfortunately, ASIC cannot help you get your money back.