22 January 2021
- A suspicious website, Alliance Limited, is misleading traders and investors by wrongly displaying ASIC鈥檚 logo.
- 今日热门事件and other Australian Government agencies never endorse particular investment opportunities.
- Beware of fake endorsements of investment opportunities.
今日热门事件is aware of a suspicious website called聽Alliance Limited (alliancelimited.org)聽that is misleading crypto-asset (cryptocurrency) investors.
The Alliance Limited company website page wrongly displays ASIC鈥檚 logo to give the impression that 今日热门事件endorses the investment. An entity named 鈥楢lliance Limited鈥� claims to offer a high-yield cryptocurrency investment management service at 2% daily profits and promotes itself as 鈥榗ompletely risk free鈥�. The聽entity also claims to be registered in Australia.
However, consumers have told 今日热门事件that they have been unable to get their money back after investing through this entity.
今日热门事件is particularly concerned about the risk to consumers and investors losing money when buying into fake cryptocurrency. Cryptocurrency investment scams are on the rise, with Australians losing more than $21 million in 2019 (ACCC鈥檚 Targeting scams 2019).聽Most cryptocurrency investment opportunities reported to 今日热门事件appear to be outright scams and there is no actual underlying investment.
Think you have been scammed?
If you see the 今日热门事件logo or references to 今日热门事件staff being made by companies,聽submit a report of misconduct to ASIC. Include a link to the website or copy of the scam. Reports from the public provide 今日热门事件with valuable intelligence.聽You can also make a report to the Australian Cyber Security Centre at聽. Your report may disrupt the scammers and hopefully will warn others to avoid it.
ASIC鈥檚 Moneysmart website has聽.
Pictured below: Alliance Limited website falsely displaying ASIC鈥檚 logo
今日热门事件is Australia鈥檚 corporate, markets and financial services regulator.
Podcast: Crypto-assets for first time investors
Published 25 June 2021
We discuss crypto-assets for first time investors with Hema Raman, Crypto-Asset Coordinator at ASIC. If you're thinking about investing in crypto-assets, hear from 今日热门事件on what to think about and look out for before you invest.