On June 13, the Securities Division of the Washington State Department of Financial Institutions (DFI) issued a warning about the fake Ethfinance trading platform.
Initially, the agency received a complaint from the investor. He found an ad for the exchange on the social network LinkedIn and transferred about $310,000 from his "DeFi wallet"to it.
After trading, the user decided to withdraw part of the deposit and profit, but was unable to do so. Ethfinance technical support advised you to make an additional deposit. However, the client refused and was blocked.
DFI said the case is similar to a" prepayment scam " — a type of scam in which victims are promised money, goods or services in exchange for a small down payment. However, the regulator did not confirm the charges.
The DFI fraud tracker shows that the platform was also mentioned in another complaint. A California resident reported a loss of more than $165,000 after being promised online training to trade crypto options.
The investor realized the situation when the" CEO of customer support "in Telegram asked him to send 25% of the profit as "taxes" to complete the withdrawal of funds.
• Source: https://dfi.wa.gov/consumer/alerts/...-platform-ethfinance-appears-be-engaged-fraud
Initially, the agency received a complaint from the investor. He found an ad for the exchange on the social network LinkedIn and transferred about $310,000 from his "DeFi wallet"to it.
After trading, the user decided to withdraw part of the deposit and profit, but was unable to do so. Ethfinance technical support advised you to make an additional deposit. However, the client refused and was blocked.
DFI said the case is similar to a" prepayment scam " — a type of scam in which victims are promised money, goods or services in exchange for a small down payment. However, the regulator did not confirm the charges.
The DFI fraud tracker shows that the platform was also mentioned in another complaint. A California resident reported a loss of more than $165,000 after being promised online training to trade crypto options.
The investor realized the situation when the" CEO of customer support "in Telegram asked him to send 25% of the profit as "taxes" to complete the withdrawal of funds.
• Source: https://dfi.wa.gov/consumer/alerts/...-platform-ethfinance-appears-be-engaged-fraud
