Scams promoted in fake news articles and deepfake videos cost Australians more than $8m last year

The National Anti-Scam Centre has warned people to beware after it had more than 400 reports of these investment scams in 2023

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The federal government has warned consumers to beware of fake news articles and deepfake videos that endorse online investment trading platform scams, saying they cost Australians more than $8m last year.

The National Anti-Scam Centre said it had received more than 400 reports of these scams in 2023, including one that saw an Australian man lose $80,000 in cryptocurrency.

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