CandleFocus State Regulator Warns of Crypto Fraud After Investor Loses $750K
2024-09-11
Author: Content Editor
The Washington State Department of Financial Institutions (DFI) has issued a warning about a potential cryptocurrency fraud involving a mining platform and wallet. An investor from Washington was scammed out of over $750,000 after investing in the platform. The investor was promised a significant return on their investment, but faced continuous demands for taxes and fees when trying to withdraw funds. The DFI has urged consumers to be cautious and investigate financial solicitations before investing. They have not yet verified the allegations made by the investor, but stress the importance of checking the licensing status of investment professionals and filing complaints with the DFI if scammed.
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