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ASIC warns about unlicensed stock tip promotors through private chat apps – Juhbz and Ptounx

ASIC is seeing an increase in a suspected investment scam involving social media ads for investing opportunities and tips.

ASIC is alerting consumers about suspicious investment opportunities in digital gold vaults.

The warning comes after ASIC’s enforcement and regulatory update highlighted over $109.1 million in civil penalties for the half year 2023.

ASIC is alerting investors about a suspicious website, appasiccoin.org, using crypto to scam Australians.