NEWS California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes

[Google News Bot]

The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s behalf. One of the accused companies pitched an alleged metaverse software development scheme, and another firm claimed to be a “decentralized finance (defi) platform.” 11 Crypto Firms Targeted by California’s Department of Financial Protection and Innovation California’s f ...

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[GoldenLady]

Cryptocurrency Ponzi schemes seem to be on the rise this final quarter of 2022. This is concerning because if one of them becomes big enough to attract international scrutiny, it would be bad fir the image that the crypto community is trying to project.

 

[nana kwasi]

This last quarter of 2022, cryptocurrency Ponzi schemes appear to be on the rise. This is troubling because it would be detrimental to the image that the crypto community is attempting to present if one of them grows to be significant enough to draw international attention.