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simon.U(Newbie)Newbie
14 Aug 2025


I lost around 15K on a trading platform scam via cypto app [Link removed by moderator], the only evidence I have is all the transactions outbound to the fake platforms.

Also had losses using legit trading platforms such as star trader and vortex.


While completing my return I noticed a section for trading losses so I put in all my trading losses there.


Was that the correct way to go about it?

I am currently getting audited which I fully expected due to the large amount of losses.

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111 views
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DamienATO(Community Support)Community Support
18 Aug 2025

Hi @simon.U,

 

Have a read of loss or theft of crypto and see if this applies to your situation.

 

Generally speaking, crypto assets fall under our CGT rules and you would calculate and report similarly to the normal process.

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