CFTC-PR-8850-24 (JAN. 19, 2024) Source: https://www.cftc.gov/PressRoom/PressReleases/8850-24 Download: CFTC-PR-8850-24 ⊗ (PDF) PRESS RELEASE | 8850-24 CFTC Charges Bogus Digital Asset Platform with Fraud and Misappropriation in an Online Romance Scam. Five Victims Lost $2.3 Million to Con Targeting Asian Americans. Washington, D.C. — The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. […]
Category: DIGITAL ASSET FRAUD
Digital Asset Fraud refers to deceptive practices aimed at unlawfully acquiring or misappropriating digital assets, such as cryptocurrencies, tokens, or virtual currencies, through illicit means. Perpetrators exploit the anonymity, decentralization, and rapid transaction speeds inherent in digital assets to perpetrate fraudulent activities, often targeting unsuspecting individuals or organizations seeking to invest or transact in the digital asset space.
Learn More:
CFTC – Investor Alert ⊗
USSS – Combating the illicit use of digital assets ⊗
IRS – Digital Assets ⊗
SEC – Investor Alert – Digital Asset and “Crypto” Investment Scams ⊗