Bitcoin scams 'getting more sophisticated' as value of cryptocurrency tops $9,200
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Updated November 04, After just getting home from an overnight shift, Jason Hall wanted to make a quick bitcoin trade before getting some much-needed rest. But scammers had manipulated Google search results for his trading site, and within minutes his real account had been hacked and his money was being siphoned off to scammers.
The website Mr Hall logged into is what's known as a "phishing" scam, where a fake website mimics a legitimate website and steals a user's account details when they try to log in. For the first few hours I didn't really understand what had happened. I didn't bit trade australia legit work if my whole computer had been hacked. Bitcoin is a decentralised digital currency that is not owed by any major corporation or government, but by the users in a vast network.
But with an increase in interest comes an bit trade australia legit work in people falling for scams, and the Australian Competition and Consumer Commission ACCC is urging consumers to be vigilant. Alex Saunders has been trading cryptocurrencies from Launceston for five years and has seen scams become more sophisticated, including phishing scams, pyramid schemes and websites that tout extraordinary returns.
Mr Saunders is now heavily active on social media, including running his own YouTube account Nugget's News, in an effort to help traders navigate the often complex world of cryptocurrencies. But despite the warnings, Mr Saunders said the underlying technology of bitcoin — along with many established trading platforms — was safe.
It's only the websites and businesses that are built on top of it that tend to get hacked. First posted November 03, If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow. You've probably heard her story, what happened in the laneway behind a Kings Cross nightclub. Now she's speaking publicly for the first bit trade australia legit work as a warning to others.
There's never been a better time for tax reform. But as governments have tried and stumbled over the years the burden has shifted to individual taxpayers and the latest budget looks no different. Donald Trump's company tax cuts boosted US equity markets and stimulated growth, while also overwhelmingly favouring the wealthy. They offer no support for trimming company tax here. Authorities are warning consumers not to get fleeced by bitcoin scams.
Australian Communications and Media Authority. Bitcoin has crashed in the last week. Is the bubble about to burst? Bitcoin one step bit trade australia legit work to being regulated in Australia. Bitcoin explained Can't tell a bitcoin from a blockchain? Read our explainer to see how the cryptocurrency works. Scamwatch tweets there were 77 reports of Bitcoin-related scams last week, up per cent from the previous week.
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The young woman whose rape case put consent on trial By Louise Milligan You've probably heard bit trade australia legit work story, what happened in the laneway behind a Kings Cross nightclub.
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