California authorities shut down 26 cryptocurrency fraud websites involving over $4.6 million

Odaily Planet Daily News: According to Decrypt, California authorities have shut down 26 websites involved in cryptocurrency fraud, causing victims to suffer losses exceeding $4.6 million. This action is led by the California Department of Financial Protection and Innovation (DFPI) and targets multiple fraudulent investment platforms that use promises of high returns as bait to attract investors to deposit funds and then roll them away. DFPI emphasizes that investors should remain vigilant when making cryptocurrency investments to avoid falling into fraud traps. （Decrypt）