Financial authorities in Vietnam have issued a warning to the public to be aware of the risks of investing in digital currency.
In an alert aimed at New York investors, Attorney General James described the “extreme risk” of investing in digital currencies, made all the more relevant by the recent surge in prices.
Krstijan Krstic founded Start Options and Bitcoiin2Gen, or B2G, in 2017 and reportedly induced U.S. investors into the scam, authorities said.
The Financial Markets Authority stated that it saw a record in whistle-blower reports of potential fraud in 2020, with digital currencies as the main focus.
The firm, which operates a mobile application allowing users to trade digital currencies, sold its CSD tokens to investors, according to federal authorities.
United Kingdom’s financial watchdog has issued a public warning against Dalsari, which it says is an unregistered firm offering trading services in digital currencies.
BitAccelerate, which also goes by the name BitAccelerator, claims to be a crowdfunding platform on the blockchain offering long-term active and passive income investment plans via referrals.
A fake website has popped up imitating the now-defunct QuadrigaCX digital currency exchange, attempting to lure its former users.
Autorité des Marchés Financiers Chairman Robert Ophèle has proposed that the European Securities and Markets Authority should be in charge of the digital currency industry.
Antonije Stojilkovic is alleged to have been part of a crime ring that created several bogus investment platforms that lured investors with promises of huge profits.
Australian national Stefan He Qin, founder of Virgil Sigma Fund LP, has pleaded guilty to one count of securities fraud.