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Meta pleads not guilty to recklessly handling crypto scam ads

Andrew Forrest launched the lawsuit against Meta last year, claiming it had failed to act on the ads after requests to take them down.

Crypto pyramid schemes thought to have stolen billions go unchecked

The alleged crypto pyramid schemes, HyperFund and HyperVerse, have been flagged by regulators across the globe but not Australia.

In a series of raids against the crime syndicate, police seized $2M in crypto, $1.5M in cash, luxury watches, guns, and two tonnes of drugs.

Binance Australia Derivates has paid $13.1 million in compensation for failing to provide required protections to retail users.

The ‘Long River’ syndicate is said to have used an Australia-wide remittance company in its AU$228 million cash and crypto laundering scheme.