Australian regulators have accused four individuals of transferring fraudulently obtained funds to cryptocurrency exchanges

ChainCatcher news, according to Decrypt, the Australian Securities and Investments Commission (ASIC) on Thursday charged four men from Victoria with money laundering, transferring proceeds from a fraudulent bond scam through bank accounts to cryptocurrency exchanges or overseas. The incidents occurred primarily between January and July 2021, with the main defendants Dimitrios Podaridis and Bassilios Floropoulos facing 28 charges each.

ASIC pointed out that while the gang did not directly carry out the fraud, they played a key role in the money transfer process. Data shows that investment scams in Australia caused losses of AUD 319 million in 2024, with nearly half involving fraudulent investment schemes. The pre-trial for this case is scheduled for October 30, 2025, marking an important part of ASIC's recent series of enforcement actions against crypto money laundering.