Australians have been warned not to fall victim to a scam using a fake endorsement from TV personality David Koch after one man lost $30,000.

Scammers are using photos, and 'dodgy' quotes from the Sunrise host to trick people into investing their money into a fake cryptocurrency trading app.

In a tense on-air showdown with Assistant Treasurer Stephen Jones, Kochie asked how the government planned to crack down on the ads.

Kochie said a scam victim had abused him on Facebook who was angry he had lost thousands of dollars to the dodgy investment platform.

'I had a bloke on the weekend contact me through Facebook, abusing me because he had lost $30,000 on a scam that used my picture and dodgy comments from me,' he told the assistant treasurer.

The host claimed fraudsters had used his photo to push scams for years on platforms like LinkedIn, Facebook and Taboola.

Kochie appeared defeated as he admitted: 'I can't do anything about it'.

Fired-up Sunrise host David Koch (pictured left) asked Assistant Treasurer Stephen Jones (right) how the government planned to crack down on the dodgy ads

'Here at Channel Seven, we get sued by you and the ACCC if we run a dodgy ad. Why can't Facebook and Instagram and LinkedIn take the same responsibilities as mainstream media groups?' Kochie continued. 

'It's just heartbreaking for our viewers that get sucked in by these sorts of things.'

Mr Jones admitted the government was powerless to take action against the scammers because the laws were lagging so far behind the technology.

'We are adamant that the law needs to change,' Mr Jones said.

'We need to drag it into the 21st Century. Social media platforms need to be accountable for the material they are publishing.

Kochie is quoted to have said he is making 'thousands everyday' from the fake crypto scam 

'If they are told you have got dodgy stuff online and or unlawful stuff online,

Australians have been warned not to fall victim to a scam using a fake endorsement from TV personality David Koch after one man lost $30,000.

Scammers are using photos, and 'dodgy' quotes from the Sunrise host to trick people into investing their money into a fake cryptocurrency trading app.

In a tense on-air showdown with Assistant Treasurer Stephen Jones, Kochie asked how the government planned to crack down on the ads.

Kochie said a scam victim had abused him on Facebook who was angry he had lost thousands of dollars to the dodgy investment platform.

'I had a bloke on the weekend contact me through Facebook, abusing me because he had lost $30,000 on a scam that used my picture and dodgy comments from me,' he told the assistant treasurer.

The host claimed fraudsters had used his photo to push scams for years on platforms like LinkedIn, Facebook and Taboola.

Kochie appeared defeated as he admitted: 'I can't do anything about it'.

Fired-up Sunrise host David Koch (pictured left) asked Assistant Treasurer Stephen Jones (right) how the government planned to crack down on the dodgy ads

'Here at Channel Seven, we get sued by you and the ACCC if we run a dodgy ad. Why can't Facebook and Instagram and LinkedIn take the same responsibilities as mainstream media groups?' Kochie continued. 

'It's just heartbreaking for our viewers that get sucked in by these sorts of things.'

Mr Jones admitted the government was powerless to take action against the scammers because the laws were lagging so far behind the technology.

'We are adamant that the law needs to change,' Mr Jones said.

'We need to drag it into the 21st Century. Social media platforms need to be accountable for the material they are publishing.

Kochie is quoted to have said he is making 'thousands everyday' from the fake crypto scam 

'If they are told you have got dodgy stuff online and or unlawful stuff online,

Svalbard facility is global back-up for gene banks

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Safeguards biodiversity of crops

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Now holds more than 1.2 million seed samples

OSLO, Oct 12 (Reuters) - A vault built on an Arctic island to preserve the world's crop seeds from war, disease and other catastrophes will receive new deposits on Wednesday, including for the first time from Iraq and Uruguay, Norway's Ministry of Agriculture and Food said.

The Svalbard Global Seed Vault, set in permafrost caves on Spitsbergen island halfway between mainland Europe and the North Pole, is only opened three times a year to limit its seeds' exposure to the outside world.

Launched in 2008, the vault acts as a last resort for national and regional gene banks, and played an essential role between 2015 and 2019 in rebuilding seed collections damaged during the war in Syria.

More than 45,000 seed samples from 13 gene banks from Asia, Australia, Europe and Latin America will be added on Wednesday, lifting the total number of deposits to more than 1.2 million for the first time, the Norwegian ministry said in a statement.

Iraq's first deposit will consist of 418 seed samples of wild and cultivated species, including wheat and rice, while Uruguay's initial delivery comes in the form of 1,892 seeds of wheat and barley.

"The participation of countries in the Seed Vault's mission is vital to underwriting the life insurance that genetic diversity represents," said Stefan Schmitz, executive director of the Crop Trust which manages the facility alongside Norway.

South Korea and Mexico were also among the nations making deposits on Wednesday.

The world used to cultivate over 6,000 different plants but U.N. experts say we now get about 40% of our calories from three main crops - maize, wheat and rice - making food supplies vulnerable if climate change causes harvests to fail. (Reporting by Terje Solsvik Editing by Tomasz Janowski)