The California Department of Financial Protection and Innovation (DFPI) has unveiled a tracker for cryptocurrency frauds to help residents “identify and avoid cryptocurrency scams.” The regulator stated: “As reports of new crypto scams surface, DFPI will regularly update this tracker to alert and safeguard the public.”
California Regulator Crypto Scam Tracker
The Department of Financial Protection and Innovation (DFPI), of the US state California launched last week the new version Crypto Scam Tracker To help individuals in the state “identify and avoid crypto scams.” The Description of the financial regulator:
The Tracker details obvious crypto scams identified through an analysis of complaints filed and allows California Consumers and traders to do their own research to prevent any harm.
The California Regulator’s Crypto Scam Tracker This database can be searched by firm name, type of fraud or key words to enable consumers to learn more about particular crypto complaints that the DFPI has received. Each The DFPI receives thousands of complaints each year from investors and consumers. The tracker’s content is based on information reported by the public to the DFPI. The It was clarified by regulator “has not verified the losses reported by the complainants.”
There It is a connected glossary “aims to help consumers better understand common scams,” The state regulator did not stop there. “As reports of new crypto scams surface, DFPI will regularly update this tracker to alert and safeguard the public.”
DFPI Commissioner Clotilde Hewlett commented: “Scammers are lurking in darkness using public interest in crypto assets to exploit the most vulnerable Californians.” The commissioner added:
Through The DFPI’s fresh crypto fraud tracker is complemented by stringent enforcement efforts. This enables the DFPI to shed light on these ruthless predators while protecting investors and consumers.
Some There are numerous well-known cryptocurrency fraud trackers that can assist traders avoid scams related to crypto. Bitcoin Abuse And Scam Alert. Last Week: Blockchain data analytics company Chainalysis Report released disclosing that cryptocurrency fraud income decreased 46% in 2022 from $10.9bn to $5.9bn.
What Are your thoughts on the Crypto Scam Tracker? California State regulator Let Let us know via the comments section.
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Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.