ASIC adds coinsitet.com to investor alert list as Coinbase Australia imposter
Australia's ASIC added coinsitet.com to its investor alert list as an imposter of Coinbase Australia; the genuine Coinbase site is coinbase.com.
- First reported
- Reports
- 1
Source: moneysmart.gov.au · published
What happened
On October 14, 2026, the Australian Securities and Investments Commission (ASIC) added coinsitet.com to its Moneysmart investor alert list in the "Imposter" category.
ASIC lists the site as impersonating Coinbase Australia Pty Ltd (ACN 654922442, AFSL 000569752), whose genuine website is coinbase.com. The genuine Coinbase Australia is not connected to coinsitet.com.
How the scam works
ASIC's investor alert list covers companies and websites that may be targeting Australian consumers, do not hold an Australian financial services or credit licence, and are not allowed to offer investments in Australia.
Imposter sites borrow a real licensed company's name and licence numbers so that a quick check appears to confirm the offer. ASIC says that if someone contacts you with an investment opportunity or you find a suspicious website, be wary, and that a name missing from the list doesn't mean it can be trusted.
Source
ASIC Moneysmart investor alert list (entry added October 14, 2026).
Red flags
- A crypto exchange site whose address is not the company's real domain.
- Licence numbers quoted on a site that doesn't match the licensee's official website.
- Unsolicited contact about crypto investments.
If you were targeted
- 1Use only coinbase.com or the official Coinbase app.
- 2Search ASIC's investor alert list and check IOSCO alerts before investing.
- 3If you've paid, contact your bank and report it via ReportCyber or Scamwatch.