The Washington State Department of Financial Institutions has accused cryptocurrency platforms Nasdaqkk.cc and Sequoia-Platform of fraudulent activities. The platforms allegedly enticed investors with promises of high returns but later prevented withdrawals and demanded additional fees. In one case, an investor lost $64,000 after being asked for a "safety reserve" fee. The platforms are said to have utilized social media and messaging apps to target victims. The department warned investors to verify the credentials of investment professionals and exercise caution when dealing with unfamiliar entities. The involvement of social media in these scams highlights the need for increased vigilance in the cryptocurrency space.



Other News from Today