The California Department of Financial Protection and Innovation (DFPI) has published 17 warnings about possible cryptocurrency scams at once.
The warnings report 17 cryptocurrency sites that are most likely related to fraud. Their list includes the websites of the companies Tahoe Digital Exchange, TeleTrade Options, Tony Alin Trading Firm, Hekamenltd/Tosal Markets Limited, Trade 1960, Yong Ying Global Investment Company Limited, Unison FX, VoyanX.com and ZC Exchange. The regulator also warned about two sites that copy the sites of large companies Wintermute and Uniswap.
DFPI periodically publishes warnings about possible financial and cryptocurrency fraud. These warnings are based on complaints from citizens of California. However, there has not been such a massive warning since mid-June of this year, when 26 platforms were called fraudulent.
Representatives of the regulator emphasize that in most of these scams, a fake identity is used ― the criminal creates a fake account on social networks and starts a romantic or friendly relationship with the victim. Then he advises investing in cryptocurrencies through a certain website. In the case of the 17 current warnings, victims lost between $2,000 and $1.2 million.
"DFPI advises consumers to be attentive and extremely suspicious when receiving any offer for investments and financial services. At least check that the company has a license to operate in California," the regulator's statement emphasizes.
Earlier, DFPI banned MyConstant from providing cryptocurrency lending services to residents of California.