As the Director of Argus Investigations, I am often asked how to protect money and assets from cyber security risks in Australia. The truth is that cyber security risks are a growing concern for many Australians, and it is important to take steps to protect your money and assets from these threats. In Australia, there …
On April 4th, 2023, Euler Finance announced that the hacker responsible for draining $200 million in assets had returned all “recoverable funds”. This news came after a successful negotiation between Euler Labs and the hacker. Euler Finance is a decentralized finance (DeFi) lending protocol that was exploited on March 13th by an unknown hacker. The …
Euler Labs Hacker Returns All of the Recoverable Funds Read More »
On Wednesday, Thai police announced they had busted an international gang that operated call centers to deceive older Americans into wiring them money. The scam netted the criminals a staggering $87 million. The 21 suspects were arrested in Thailand with the help of American officials. Five of the suspects were Indian nationals and the other …
Thai Police Bust Call Centre Scammers Targeting Elderly Americans Read More »
The Australian parliament is set to introduce a new bill that will regulate the crypto sector. The bill, which was introduced by the government, seeks to provide a framework for the regulation of digital assets and cryptocurrencies in Australia. The proposed legislation would require businesses dealing in digital assets to register with the Australian Securities …
New Bill Introduced In Australia To Regulate The Cryptocurrency Sector Read More »
On March 26, 2023, four members of an alleged cybercrime syndicate were arrested in Brisbane, Adelaide and Melbourne after they were accused of money laundering $1.7 million from Australian and overseas victims. The Australian Federal Police (AFP) led the investigation into the syndicate’s activities and uncovered evidence that the group had been operating for some …
Cybercrime Syndicate Dismantled in Brisbane, Melbourne and Adelaide Read More »
The Australian Federal Police (AFP) have recently announced the formation of a new task force, AVARUS, to tackle large-scale money laundering in Australia. The task force will combine resources from the AFP, AUSTRAC, the Australian Criminal Intelligence Commission and the Australian Border Force to target criminal networks believed to be operating at an unprecedented scale. …
The Australian Federal Police Cracking Down on Money Laundering Read More »
Arrest of Do Kwon from Terra Luna Do Kwon, the CEO and founder of Terra Luna, has been arrested on charges of fraud and money laundering. He is accused of deceiving investors by falsely claiming his blockchain-based project was backed by a major venture capital firm. Terra Luna is a cryptocurrency payment network with its …
As the housing market continues to be tight, many people are turning to social media platforms to find a place to rent. Unfortunately, scammers are taking advantage of this situation by creating fake rental listings and preying on desperate house hunters. According to a recent report by 9News Australia, social media scammers are exploiting people …
Jean Nassif, a prominent Sydney property developer, and his daughter Ashlyn Nassif have been charged with fraud after allegedly deceiving Westpac to secure a $150 million loan. The pair were arrested on Tuesday following a series of raids at homes and businesses across Sydney. According to reports, the father-daughter duo used false documents and inflated …
FRAUD: Jean Nassif and Daughter Allegedly Deceived Westpac to Secure $150 Million Loan Read More »
The Malaysian Anti-Corruption Commission (MACC) has once again made headlines by busting another premises linked to an international investment scam syndicate. This time, with the help of Australian private investigators, MACC was able to uncover a scheme that had raked in a whopping RM200 million from victims in Australia and Malaysia. According to sources, the …
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