Washington regulator warns Miami equity fund 005 of crypto scam
The Securities Division of the Washington State Department of Financial Institutions (DFI) has issued a warning about cryptocurrency investment scams after receiving a complaint from a resident about their investment in the Miami Foundation Equity Fund 005. The investor deposited funds through a Whatsapp group led by "Mark" and "Alice" on the now-defunct Vims.one platform, which promised over 100% returns on cryptocurrency deposits twice a week. Despite paying a 5% withdrawal commission, the investor has not received their funds. The scam used a name similar to the legitimate Miami Foundation, but the foundation was not involved. DFI has classified such cases as "advance fee fraud" and cryptocurrency investment scams using social media.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlockDAG, Solana, XRP, & HYPE Are Forcing the Market to Pay Attention: Which Crypto Coin to Buy Now?
Searching for a crypto coin to buy now with breakout potential? BlockDAG, Solana, XRP, and Hyperliquid are taking over the market in 2025, and the next move could be huge.BlockDAG: The $0.0019 Wild Card With Real MuscleHyperliquid (HYPE): DeFi Demand is Turning Up the HeatXRP: No More Guessing Games; It’s Back with a VengeanceSolana (SOL): Fast, Scalable, and Ready to RunDon’t Wait, These Crypto Picks Are Already Moving.
Markets Eye CPI Data Amid Truflation Optimism
Markets could rally if CPI aligns with Truflation’s lower inflation trend. All eyes on tomorrow's data release.Market Sentiment Builds Ahead of CPI ReleaseTruflation Suggests Lower Real-Time InflationCould a Market Rally Be Next?
XRP Surpasses USDT in Market Cap Surge
XRP overtakes USDT to become the third-largest cryptocurrency by market cap.XRP Jumps to Third Spot in Crypto RankingsWhat’s Fueling XRP’s Climb?Market Eyes on What’s Next
Top Crypto Presale Momentum Shifts to Qubetics as Cardano Fades From Early-Buyer Hype
Qubetics presents a new opportunity to engage with a project poised for substantial growth. With its innovative approach to real-world asset tokenization and a presale structure designed to reward early participation, Qubetics stands out as a popular crypto coin to buy.Qubetics: The Popular Crypto Coin to Buy Now Before It’s Too LateCardano: A Legacy of Missed OpportunitiesConclusion: Embrace the Future with Qubetics
Trending news
MoreCrypto prices
More
