California authorities ramped up their fight against crypto fraud, taking down 26 fraudulent crypto websites and revealing over $4.6 million in consumer losses in 2024.
In a Monday statement, the California Department of Financial Protection and Innovation, or DFPI, said it identified seven new scam types with the help of its “Crypto Scam Tracker.”
The tracker processed over 2,600 complaints, exposing fake Bitcoin mining, crypto job scams, and crypto gaming frauds, along with misleading AI investment schemes.
“As crypto scams evolve, DFPI’s Crypto Scam Tracker helps empower consumers to stay vigilant,” DFPI Commissioner KC Mohseni said in a statement.
In a separate report, the California Department of Justice, or DOJ, said it took…
Apr 16 2025
