Investors should be aware that Eucoinortade, which offers the opportunity to gain "150% daily profit" through binary options, has been accused of scamming at least one individual. The victim was contacted by George Alexanderal after their friend suggested the platform to them and was asked to acquire Bitcoin to invest. Alexanderal offered to increase the investor's account to over 400,000, after a series of investments, but did not deliver the winnings, claiming to require a fee of $40,000, followed by another of $14,000, and later, of $9,400.

Washington State Department of Financial Institutions (DFI) recommends extreme caution when responding to solicitations, and reminds that it is necessary for individuals to check the licenses of any investment professional before consenting to an investment.

A rising volume of fraudulent schemes associated with digital currency investments is currently seen in the US and across the globe. Investing in digital currencies such as Bitcoin and other cryptocurrencies are subject to high levels of volatility and risk. With its unprecedented returns, lucrative profits, and risk profile, digital assets can be a groundbreaking opportunity for new investors and experts alike, but can also be a double-edged sword.

As any legitimate investment firm would, DFI strongly advises investors to research and verify any company before making an investment. A deeply researched background check may be a critical step to protect an investor's money in a space where untrustworthy entities pose as credible firms. Potential customers need to be wary of “get rich quick” investment schemes, especially those associated with digital currency investments.

Whenever possible, potential investors should look for companies that are operational online and also have real-life offices, have active customer service teams and/or contribute to the digital currency industry as a whole, via press releases, articles, and participation in industry events.



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