Bitcoin scams 'getting more sophisticated' as value of cryptocurrency tops $9,200

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Updated November 04, After just getting home from an overnight shift, Jason Hall wanted to make a quick bitcoin trade before getting some much-needed binary trading hack nieuws 2017 home. But scammers had manipulated Google search results for his trading site, and within minutes his real account had been hacked and his money was being siphoned off to scammers.

The website Mr Hall logged into is what's known as a "phishing" scam, where a fake website mimics a legitimate website and steals a user's account details when they try to log in. For the first few hours I didn't really understand what had happened. I didn't know if my whole computer had been hacked. Bitcoin is a decentralised digital currency that is not owed by any major corporation or government, but by the users in a vast network. But with an increase in interest comes an increase in people falling for scams, and the Australian Competition and Consumer Commission ACCC is urging consumers to be vigilant.

Alex Saunders has been trading cryptocurrencies from Launceston for five years and has seen scams become more sophisticated, including phishing scams, pyramid schemes and websites that tout extraordinary returns. Mr Saunders is now heavily active on social media, including binary trading hack nieuws 2017 home his own YouTube account Nugget's News, in an effort to help traders navigate the often complex world of cryptocurrencies.

But despite the warnings, Mr Saunders said the underlying technology of bitcoin — along with many established trading platforms — was safe.

It's only the websites and binary trading hack nieuws 2017 home that are built on top of it that tend to get hacked. First posted November 03, If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow. While no-one expects someone to front Malcolm Turnbull over his 30th Newspoll loss today, the signs of leadership tension are already apparent, writes Louise Yaxley.

My dad used to take my sister and me to the beach all the time when we were kids. Now, because of his Parkinson's, he can't even walk on the sand. On March 1, Bob, Mick and Tom French made history and binary trading hack nieuws 2017 home even featured in an advertising campaign. Commonwealth Games mascot Borobi is capturing attention binary trading hack nieuws 2017 home hearts the world over and one man has been riding the wave of Games love with him.

Authorities are warning consumers not to get fleeced by bitcoin scams. Australian Communications and Media Authority. Bitcoin has crashed in the last week.

Is the bubble about to burst? Bitcoin one step closer to being regulated in Australia. Bitcoin explained Can't tell a bitcoin from a blockchain? Read our explainer to see how the cryptocurrency works. Scamwatch tweets there were 77 reports of Bitcoin-related scams last week, up per binary trading hack nieuws 2017 home from the previous week. We want to hear about your experiences with aged care in Australia. Top Stories Lawyers claim Geoffrey Rush 'virtually housebound' after front-page splash 'Cowardly deception': A former commando's fight for fairness NAPLAN's writing test is 'bizarre' but here's how kids can get top marks Archbishop accused of concealing child sex abuse tries to get case thrown out again 'Mongrel bunch of bastards': The high cost of taking on the Tax Office Demolition goes wrong as silo falls wrong way to crush Danish cultural centre Leaders resist calls for live export ban despite growing activist pressure Turnbull 'regrets' 30 Newspolls comment made when he rolled Abbott Gas company 'knew it was causing damage but allowed it to continue' Auction house administrators ordered to hand back antiques after fees dispute photos The Breakfast Club is 'troubling' in the metoo age, Molly Ringwald says When's the right time to get the flu jab?

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Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. Turnbull's Newspoll loss While no-one expects someone to front Malcolm Turnbull over his 30th Newspoll loss today, the signs of leadership tension are already apparent, writes Louise Yaxley.

Losing my father to Parkinson's By Britta Jorgensen for Earshot Illustrations by Lucy Fahey My dad used to take my sister and me to the beach all the time when we were kids. Where are Canberra's first triplets now?

Borobi's 'hype man' By Damien Larkins Commonwealth Games mascot Borobi is capturing attention and hearts the world over and one man has been riding the wave of Games love with him. The high cost of taking on the Tax Office Demolition goes wrong as silo falls wrong way to crush Danish cultural centre Leaders resist calls for live export ban despite growing activist pressure.

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Updated November 04, After just getting home from an overnight shift, Jason Hall wanted to make a quick bitcoin trade before getting some much-needed rest.

But scammers had manipulated Google search results for his trading site, and within minutes his real account had been hacked and his money was being siphoned off to scammers. The website Mr Hall logged into is what's known as a "phishing" scam, where a fake website mimics a legitimate website and steals a user's account details when they try to log in. For the first few hours I didn't really understand what had happened. I didn't know if my whole computer had been hacked. Bitcoin is a decentralised digital currency that is not owed by any major corporation or government, but by the users in a vast network.

But with an increase in interest comes an increase in people falling for scams, and the Australian Competition and Consumer Commission ACCC is urging consumers to be vigilant. Alex Saunders has been trading cryptocurrencies from Launceston for five years and has seen scams become more sophisticated, including phishing scams, pyramid schemes and websites that tout extraordinary returns.

Mr Saunders is now heavily active on social media, including running his own YouTube account Nugget's News, in an effort to help traders navigate the often complex world of cryptocurrencies. But despite the warnings, Mr Saunders said the underlying technology of bitcoin — along with many established trading platforms — was safe. It's only the websites and businesses that are built on top of it that tend to get hacked.

First posted November 03, If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow.

It's warmer than average and we'll have to wait at least another month until service returns to normal for much of the country, according to the weather bureau.

Now he may have to revisit his own words. Timmah Ball has seen first-hand the anger and confusion directed towards Aboriginal people who have accumulated wealth or success. From indoctrination and control, to gurus and 'love bombing' — there's a powerful psychology behind why people join cults, and why they stay. Authorities are warning consumers not to get fleeced by bitcoin scams. Australian Communications and Media Authority. Bitcoin has crashed in the last week.

Is the bubble about to burst? Bitcoin one step closer to being regulated in Australia. Bitcoin explained Can't tell a bitcoin from a blockchain? Read our explainer to see how the cryptocurrency works. Scamwatch tweets there were 77 reports of Bitcoin-related scams last week, up per cent from the previous week.

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We want to hear about your experiences with aged care in Australia. Connect with ABC News. Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. Warm weather here to stay It's warmer than average and we'll have to wait at least another month until service returns to normal for much of the country, according to the weather bureau. The fear of race and class in Australia Timmah Ball has seen first-hand the anger and confusion directed towards Aboriginal people who have accumulated wealth or success.

Life in a cult By Michele Weekes and Tim Fisher for Life Matters From indoctrination and control, to gurus and 'love bombing' — there's a powerful psychology behind why people join cults, and why they stay. Donald Trump has apparently flipped on Vladimir Putin, but it's not just about Syria Wrong visa sees Yassmin Abdel-Magied denied entry to US 'Unrelenting' workload of 90 cases a day contributed to magistrate's death, widow says Why Eastern Ghouta is the focal point of the Syrian conflict Three Australian 'cheats', international athletes caught doping before Games Uber wants you to book train and bus tickets through its app White South African farmers say they're living in fear, but they're not the only victims.

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It's not just about Syria Warm weather is here to stay thanks to an ocean heat wave The anti-Facebook backlash is official and regulation is 'inevitable' Perth is being urged to host the Commonwealth Games again — but hold your enthusiasm What's the optimal temperature for your office? How stores will use your location data to change the way you shop. Media Video Audio Photos. Change to mobile view.