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Cryptocurrency Scams: Because Apparently We Need Someone Officially Telling Us Not to Give Our Money Away

An illustration of a person frantically digging through piles of worthless coins and papers while being chased by a giant tax bill monster, amidst a background of crumbling financial stability.

Well, it’s about time someone warned the gullible masses that cryptocurrency scams are a thing! A Washington State regulator has finally seen fit to issue a warning about potential crypto fraud involving some dodgy mining platform and wallet. Because who needs actual regulation when you’ve got ‘buyer beware’ as your only protection? I mean seriously, folks, it’s not like the scammers were going to magically stop scamming because we all held our breaths in anticipation of someone doing their job.

Source: bitcoin.com

The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous demands for taxes and fees. The Washington State Department of Financial Institutions (DFI) announced on Monday that it has received a complaint regarding a possible fraudulent cryptocurrency mining […]

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