TL;DR: the short answer
ASIC's January 2021 crypto scam alert says Alliance Limited's website misleads crypto investors, shows ASIC's logo, and that consumers could not get their money back after investing.
Scambaba rates Alliance Limited critical risk with a risk score of 9.5/10, last verified 2026-10-24.
Key facts
| Risk score | 9.5 / 10 (Critical Risk) |
|---|---|
| Status | ASIC crypto scam alert, January 2021 |
| Category | Crypto / Forex Scam |
| Primary scam vector | Suspicious crypto investment website showing ASIC's logo |
| Reported domains |
|
| First listed | 2026-10-24 |
| Last verified | 2026-10-24 |
Red flags reported for Alliance Limited
- Displays ASIC's logo to imply endorsement
- 2% daily profit advertised
- Described as 'completely risk free'
- Claims to be registered in Australia
- Consumers report being unable to get money back
Detailed threat analysis
What the regulator says
On 22 January 2021 ASIC published a 'Crypto scam alert: Alliance Limited'. ASIC says the suspicious website misleads crypto-asset investors and displays ASIC's logo, giving the false impression that ASIC endorses the investment. It says the site offers a high-yield crypto investment management service with 2% daily profits, describes itself as completely risk free, and claims to be registered in Australia. ASIC says consumers told it they could not get their money back after investing, that most crypto investment opportunities reported to it appear to be outright scams with no actual underlying investment, and that ASIC and other Australian Government agencies never endorse particular investment opportunities. The alert names the domain alliancelimited.org.
How this type of scam usually works
Promised daily returns and 'risk free' language are classic warning signs. Fake investment websites typically show rising balances to encourage larger deposits, accept cryptocurrency because it is hard to trace, and then block withdrawals or demand fees or 'tax' payments. Recovery is rarely possible once funds have moved.
How to check a firm yourself
Search the firm on ASIC's Professional Registers for an Australian financial services (AFS) licence, and check the Moneysmart Investor Alert List. Use contact details you find independently rather than those given to you, and be cautious about any unsolicited investment offer or promised returns that look too good to be true.
What to do if you dealt with Alliance Limited
- 01Stop sending money and do not pay any further fees or 'tax' to release funds.
- 02Contact your bank or financial institution immediately to ask about tracing or recalling payments.
- 03Report the scam to Scamwatch (scamwatch.gov.au) and, if you are in Australia, to ReportCyber (cyber.gov.au).
- 04Check the ASIC Moneysmart Investor Alert List and consider reporting misconduct to ASIC.
- 05Contact IDCARE (idcare.org) for support if you shared personal details or ID.
Frequently asked questions
Is Alliance Limited legit?
ASIC's alert says the Alliance Limited website misleads crypto investors, uses ASIC's logo to imply endorsement, and that consumers could not get their money back.
Does ASIC endorse investments?
No. ASIC says it and other Australian Government agencies never endorse particular investment opportunities.
Sources
- Crypto scam alert: Alliance Limited, Australian Securities and Investments Commission, 2021-01-22
This report reflects publicly available information and reported patterns as of 2026-10-24. It is an opinion, not a legal determination. Spot an error or represent this entity? See our editorial and corrections policy.