The Australian Competition & Consumer Commission (ACCC) has issued its Scamwatch report for the first half of 2018, which marks a troubling rise in investment scams. The report reveals that Australians are collectively losing $4.3 million a month to scams in the sphere of cryptocurrency, binary options trading, as well as traditional investment markets like stocks, real estate and commodities. Furthermore, the Scamwatch report shows that more than $26 million has been lost to investment frauds in 2018 in Australia, which is 84% of the total losses recorded in 2017. This represents an average month on month increase of 117 % in losses compared to last year.