Australian ASIC: Removed more than 3,100 crypto scams in a single fiscal year, and deep AI falsified it as the main modus operandi

In comparison, according to Bitcoin.com, the Australian Securities and Investments Commission (ASIC) revealed that more than 19,400 online scams were removed in the 2026 fiscal year (surging 182% year over year), including 3,106 cryptocurrency investment fraud platforms, an increase of about 30% over the previous fiscal year.

ASIC pointed out that fraud gangs are making extensive use of generative AI technology to build a systemic fraud ecosystem: by falsifying deep falsification videos of famous people such as Australian Prime Minister Albanese and financial commentators, to use fake cryptographic trading robots and simultaneously build counterfeit media websites, AI-generated reviews, and false income dashboards to induce victims to continue to invest more, and the funds eventually flow to overseas criminal gangs. Only one high-profile person was fraudulently used, and the related losses have already exceeded 7.4 million Australian dollars.