Over the course of two days, the California Department of Financial Protection and Innovation (DFPI) issued 17 separate warnings to cryptocurrency brokers and websites it suspects of being fraudulent. Tahoe Digital Exchange, TeleTrade Options, Tony Alin Trading Firm, Hekamenltd/Tosal Markets Limited, Trade 1960, Yong Ying Global Investment Company Limited, Unison FX, VoyanX.com, and ZC Exchange are just a few of the companies on the list. In addition, there are two forgeries posing as well-known names in the cryptocurrency industry: eth-Wintermute.net and UniSwap LLC. On the DFPI’s consumer alert page on December 27 and 28, 17 warnings were posted, stating that these companies “appear to be engaged in fraud against California consumers.”
