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In September 2 0 1 9 , the complainant opened a cryptocurrency account with an accounting firm, to which Mr . Jhonson transferred about AUS
In September the complainant opened a cryptocurrency account with an accounting firm, to which Mr Jhonson transferred about AUS $ from his bank account. He transferred his cryptocurrency to an account with a thirdparty, while the complainant said the thirdparty turned out to be a scammer as he was unable to recover the cryptocurrency from the thirdparty. AFCA Annual Report
Required:
a What is the meaning of Cryptocurrency & the fraud related to the digital currency?
b What is the current trend to commit this fraud nowadays?
c Suggest few ways to protect yourself from this sort of fraud.
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