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Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors

Washington State Accuses 2 Cryptocurrency Platforms of Defrauding InvestorsTwo cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An investor lost $64,000 to one platform after being asked for a “safety reserve” fee. The platforms are accused of exploiting social media […]

Real life yield farming: How tokenization is transforming lives in Africa

Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange

Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq ExchangeThe financial watchdog in Washington State is currently probing a complaint regarding a cryptocurrency platform that allegedly purports to be associated with the Nasdaq Stock Exchange. This inquiry began after an investor reportedly put in $200,000 following a solicitation on Facebook that transitioned to communication over Whatsapp. The regulator has flagged this as a potential […]

Real life yield farming: How tokenization is transforming lives in Africa

Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform

Washington State Regulator Warns of Potential Fraud by BIB Crypto PlatformThe Washington State Department of Financial Institutions (DFI) issued a consumer alert on Tuesday, stating that it has received a complaint regarding possible fraudulent activities by a cryptocurrency trading platform named BIB. An investor reported that after transferring 20,000 USDT to BIB following advice from individuals named Austin Johnson and Cindy Turner, he was unable […]

Real life yield farming: How tokenization is transforming lives in Africa

Coinzoom Operations Suspended in Ohio Following Regulatory Examination

Coinzoom Operations Suspended in Ohio Following Regulatory ExaminationThe Ohio Department of Commerce has ordered crypto exchange Coinzoom to cease operations in the state effective Aug. 1 following a regulatory examination. Current customers can still withdraw their assets, but the exchange cannot accept new business. The suspension follows a multi-state examination revealing financial discrepancies. Coinzoom is seeking an administrative hearing to address the […]

Real life yield farming: How tokenization is transforming lives in Africa

Fake Professors Scam Crypto Investors on Telegram and Whatsapp, DFI Warns

Fake Professors Scam Crypto Investors on Telegram and Whatsapp, DFI WarnsThe Washington State Department of Financial Institutions (DFI) has reported multiple complaints about cryptocurrency scams on Whatsapp and Telegram involving fake “professors.” These scams lure investors through social media ads and false educational institutions, promising high returns and offering dubious loans. Cryptocurrency Scams: Fake Professors Target Investors The Washington State Department of Financial Institutions (DFI) […]

Real life yield farming: How tokenization is transforming lives in Africa