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Australians lost $122 million ($180 million AUD) to crypto scams in the last 12 months, with most of the victims being under the age of 50, according to a new report from the country’s federal police. In an Aug. 28 statement, the Australian federal police (AFP) revealed that a total of $269 million ($382 million AUD) had been lost to investment scams over the last year, with around 47% of them being crypto-related. AFP Assistant Commissioner Richard Chin said another key finding from all the reports they received was the age of the victims. Around 60% were under the age of 50, overtaking older…

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