1 / 1 Relevant items tagged with #DFI

Posts

Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors

[Oct 5 10:30 AM] Two 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…

Washington State Probes Alleged Crypto Fraud Linked to Fake Nasdaq Exchange

[Aug 30 9:30 AM] The 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…

Washington State Regulator Warns of Potential Fraud by BIB Crypto Platform

[Aug 28 8:30 AM] The 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…

Coinzoom Operations Suspended in Ohio Following Regulatory Examination

[Aug 3 4:30 AM] The 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…

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

[Jul 17 8:30 PM] The 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…

Trader claims to lose $310K on dodgy exchange pitched in LinkedIn request

[Jun 13 10:52 PM] The investor said they learned about the exchange from a “random friend request on LinkedIn.”