Washington State DFI alerts on fraudulent crypto exchange Ethfinance after a trader lost $310,000 in an "Advance Fee Fraud" scheme.
Washington State DFI issues alert on Ethfinance, a fraudulent crypto exchange, after a trader lost $310,000. The investor was approached via LinkedIn and promised high profits, but later asked to add more funds to unlock withdrawals. The DFI warns of "Advance Fee Fraud" schemes, where scammers demand additional fees or vanish with funds. Ethfinance is also linked to a previous complaint of a $165,000 loss.
June 14, 2024
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