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Catenaa, Sunday, Ma- California regulators have shut down 26 fraudulent cryptocurrency websites, uncovering $4.6 million in consumer losses as part of a broader California’s financial watchdog uncovered seven crypto and AI scams after 2,668 complaints, exposing fraud tactics that stole millions in 2025. AI-driven scams surged alongside the Over the course of two days, the California Department of Financial Protection and Innovation (DFPI) has issued 17 different warnings to cryptocurrency brokers The California DFPI (Department of Financial Protection and Innovation) has issued warnings to 17 crypto brokers and websites it believes to be fraudulent. California authorities ramped up their fight against crypto fraud, taking down 26 fraudulent crypto websites and revealing over $4.6 million in consumer losses in 2025. In a El Departamento de Protección e Innovación Financiera de California (DFPI) ha lanzado 17 advertencias distintas en dos días contra plataformas y sitios web de The California Department of Financial Protection and Innovation (DFPI) has fired off 17 separate warnings over two days against crypto brokers and websites it suspects

California Watchdog Sends Warning to Several Crypto Websites: Protect Yourself!

California authorities are cracking down on cryptocurrency fraud! The California DFPI (Department of Financial Protection and Innovation) has issued warnings to 17 crypto brokers and websites it believes to be fraudulent. Over the course of two days, the California Department of Financial Protection and Innovation (DFPI) has fired off 17 separate warnings against crypto brokers and websites it suspects are engaging in illegal activities.

Massive Crypto Fraud Uncovered in California

California’s financial watchdog uncovered seven crypto and AI scams after 2,668 complaints, exposing fraud tactics that stole millions in 2025. California authorities ramped up their fight against crypto fraud, taking down 26 fraudulent crypto websites and revealing over $4.6 million in consumer losses in 2025. The California Department of Financial Protection and Innovation (DFPI) has launched 17 distinct warnings in two days against platforms and websites, indicating a widespread effort to protect consumers.

$4.6 Million Lost to Crypto Scams

California regulators have shut down 26 fraudulent cryptocurrency websites, uncovering $4.6 million in consumer losses as part of a broader investigation. These scams often promise high returns with little to no risk, a common tactic used to lure unsuspecting investors.

AI-Driven Crypto Scams on the Rise

AI-driven scams surged alongside the popularity of cryptocurrency, making it more difficult for consumers to distinguish between legitimate opportunities and fraudulent schemes. Be extremely cautious of platforms offering guaranteed profits using AI technology.

How to Protect Yourself from Crypto Fraud:

  • Do Your Research: Before investing in any cryptocurrency or platform, thoroughly research its background, team, and technology.
  • Be Wary of Guaranteed Returns: No investment can guarantee returns. Be skeptical of any platform promising unrealistic profits.
  • Check for Licenses and Registration: Ensure the platform is properly licensed and registered with relevant authorities.
  • Report Suspicious Activity: If you suspect you've been targeted by a crypto scam, report it to the California Department of Financial Protection and Innovation (DFPI) and other relevant authorities.

Stay informed and protect your investments. The California watchdog's actions highlight the importance of vigilance in the volatile world of cryptocurrency. Be aware of platforms like Catenaa, Sunday, Ma and other lesser-known entities, and exercise extreme caution before investing.

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