Cryptocurrency scam in Australia

If you have fallen victim to a cryptocurrency scam in Australia, there are a few steps you can take to try to recover your funds:

  1. Contact the platform or exchange where the scam took place and report the issue to their support team.
  2. Report the scam to the Australian Cybercrime Online Reporting Network (ACORN) and the Australian Competition and Consumer Commission (ACCC).
  3. If the scam involved unauthorized access to your bank account or personal information, contact your bank immediately and report the incident.
  4. Consider seeking legal advice to understand your options for recovering the lost funds.

There are a few organizations and services in Australia that can assist with recovery of funds lost in a cryptocurrency scam:

  1. Australian Cybercrime Online Reporting Network (ACORN): ACORN is a government-run platform where you can report cybercrime, including cryptocurrency scams. Reporting the scam to ACORN can help law enforcement investigate the issue and recover your funds.
  2. Australian Competition and Consumer Commission (ACCC): The ACCC is responsible for enforcing consumer protection laws in Australia and can assist with recovery of funds lost in scams.
  3. Financial Ombudsman Service (FOS): FOS is an independent dispute resolution service for consumers and small businesses in Australia that can assist with disputes related to financial services, including those involving cryptocurrency scams.
  4. Law enforcement agencies: The Australian Federal Police (AFP) and state police forces can investigate cryptocurrency scams and recover stolen funds.
  5. Cybersecurity and recovery services: There are also specialized cybersecurity and recovery services that can assist with retrieving stolen funds. One can also take the help of those fund recovery services which are legitimate.

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