Tyron Whitten (WA, Pauline Hanson's One Nation Party) Share this | Link to this | Hansard source

Today I rise to address an urgent and growing threat: cybercrime and, in particular, the surge of cryptocurrency investment scams targeting Australians. Cybercrime is no longer a distant danger; it's pervasive, sophisticated and devastating. Both international syndicates and local offenders are preying on everyday Australians, leaving behind financial ruin and deep emotional scars. One victim recently wrote to my office describing how she and her friend were deceived by a cryptocurrency platform that appeared legitimate. She wrote:

I'm writing as a victim of an online cyber scam that is currently under investigation. My friend, who is also a victim, purchased an $8,000 package, and began seeing what appeared to be daily profits. She was even able to move money around and withdraw small amounts, which gave the impression the platform was legitimate.

Encouraged, she invested further … around $55,000 in total. However, her funds were then locked in what the platform calls a 'Profit Wallet.'

She has been told the only way to access these funds is through an 'agent.' We now believe these profits are fake numbers designed to trap victims. Our friend is a single mother and has been left devasted, even expressing that she doesn't want to go on living.

These scams are becoming more convincing and are targeting vulnerable people.

My family and friend are victims, but I fear many others will be caught as well if nothing is done.

These are not just financial crimes; they destroy hope, trust and lives. The rise of cryptocurrency has brought opportunity but also new avenues for exploitation. Scammers use convincing, high-tech schemes to manipulate and entrap victims. Our response must be strong and coordinated. First we need tougher regulation and enforcement, giving our agencies the tools and reach to act swiftly against offenders at home and abroad. Second we must strengthen victim support through accessible financial counselling, mental health services and clear reporting pathways. Third we need stronger public awareness campaigns to help Australians recognise and avoid these scams.

Government, industry and the community must work together to stay ahead of these evolving threats. No Australian should live in fear that their savings and futures can be stolen by criminals hiding behind the scenes. To the victims who reach out to us: we hear you. We must respond with urgency, compassion and action. Let us commit today to protect Australians, bring perpetrators to justice and build a safer digital future for us all.

Senate adjourned at 17:53