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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 btc trader review minutes his real account had been hacked and his btc trader review 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 btc trader review 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 btc trader review 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. This week Splendour in the Grass released its massive line-up, athletes went missing from the Commonwealth Games and Nick Xenophon's party got a new name.

See how much you remember in our quiz. It's warmer than average and we'll have to wait at least another month until service returns to normal for much of btc trader review country, according to the weather bureau. For a President facing trouble at home, there's never been a better time to stand up to Russian aggression.

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 Btc trader review 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. Top Stories Trump says Syria attack 'could be very soon or not so soon at all' Analysis: How Wendy Mitchell learnt to navigate the fog of Alzheimer's Alexis Wright wins the Stella Prize for Australian women's writing Uber wants you to book train and bus tickets through its app Fallen soldier's father calls Walking Wounded founder's actions 'despicable' Opinion: 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. ABC news quiz This week Splendour in the Grass btc trader review its massive line-up, athletes went missing from the Commonwealth Games and Nick Xenophon's party got a new name. 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.

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How stores will use your location data to change the way you shop. Media Video Audio Photos. Change to mobile view.

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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.

After playing the highest altitude football match ever, Equal Playing Field set another record with an all-female game m below sea level, all to raise awareness over gender inequality in sport.

It's been a wild few years since Facebook went offline. We have faced a few problems, to which we have had to find increasingly creative solutions. Filmmaker and adventurer Pete Wyllie talked five of his friends into taking on and documenting a climb, and then a jump, from Frenchmans Cap. 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. We want to hear about your experiences with aged care in Australia. Tia-Clair Toomey's late cousin inspires dramatic Games victory. Connect with ABC News. Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. The highs and lows of challenging gender inequality in sport After playing the highest altitude football match ever, Equal Playing Field set another record with an all-female game m below sea level, all to raise awareness over gender inequality in sport.

Welcome to your life without Facebook It's been a wild few years since Facebook went offline. The day Australia's para-athletes gazumped the able-bodied for box-office drama What happened to the little boy in the iconic Fred Hollows photo?

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Australia should be wary of the rise of the 'warrior cop', with military-style weapons to match This week, Trump's voter base was all ears over immigration Abbott using coal to bait the Turnbull bear. Media Video Audio Photos. Change to mobile view.