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Australian regulators will shut down 95 companies involved in Crypto Assets scams, with the amount involved exceeding 35.8 million USD.
According to Mars Finance, the Australian Securities and Investments Commission (ASIC) has announced that the Federal Court has approved its application to shut down 95 companies involved in Crypto Assets investment and online romance scams. These companies have been accused of participating in "pig butchering" scam schemes, enticing victims through fake websites and applications. Currently, nearly 1,500 victims from 14 countries, including Australia, the United States, and India, have filed claims, reporting losses exceeding $35.8 million.