Urgent Warning: California Exposes 26 Deceptive Crypto Scam Websites & Millions Lost

Quick Summary:

California has taken a bold stand against this rising threat, uncovering a shocking number of fraudulent websites and substantial consumer losses.

According to a report by Decrypt, the DFPI identified and dismantled 26 fraudulent websites, exposing a staggering $4.6 million in consumer losses within California in 2024.

California’s Department of Financial Protection and Innovation (DFPI) has been at the forefront of combating crypto scams.

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Article Details

Author / Journalist: Editorial Team

Category: Crypto

Markets: India

Topics: Crypto Fraud Consumer protection Crypto News CRYPTOCURRENCY Financial Regulation Scam websites

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 16:20:35 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 611 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 26896353

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 50 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

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