Article 77PM6 A Queensland man enjoyed soaring profits from a crypto trading app. Then his money started disappearing

A Queensland man enjoyed soaring profits from a crypto trading app. Then his money started disappearing

by
Ima Caldwell
from Technology | The Guardian on (#77PM6)

The administrative work required to run an effective investment scam has been drastically cut by using emerging technology

Within days of clicking on an online ad for a cryptocurrency trading app, a 29-year-old Queensland man watched his dashboard soar with profits.

Making investment gains was as simple as downloading the slick-looking app and browser extension linked to his crypto wallet. So he invested more.

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