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ABC News
ABC News
Business

Cryptocurrency scam losses hit new high in Queensland as cost of living bites

Queenslanders have lost nearly $40 million to investment scams including cryptocurrency swindles this year — the highest loss ever recorded in the state.

Australian Competition and Consumer Commission (ACCC) figures from January 1 to August 28, show Queenslanders lost $38.6 million in investment scams.

At the same time last year, Queenslanders had been defrauded of just $19.8 million.

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