Consumer Alerts – Crypto Assets
The Department of Financial Protection and Innovation has issued the following consumer alerts for companies that may be engaging in unlicensed activity and/or falsely advertising crypto asset products and services. Please exercise extreme caution before engaging with any solicitation offering investment or financial services related to crypto assets. To check whether an investment or financial service provider is licensed in California, consumers may contact the Department for questions or inquiries at email@example.com or call toll-free at (866) 275-2677. If a consumer believes a person or company has violated state law or acted improperly regarding a consumer financial product or service, they may file a formal complaint with the DFPI at https://dfpi.ca.gov/file-a-complaint/.
Crypto Scam Entity “Bitscyber” Impersonating CA DFPI and Using Fraudulent “Ownership Certificate Of Funds” Document to Steal Money
DFPI has received information that an entity “BitsCyber”, possibly claiming to operate out of California, is offering the service of retrieving lost Cryptocurrency funds, claiming that it is the DFPI.
The DFPI has been notified that a person falsely claiming to be the CEO of Voyager Digital is sending letters directing consumers to access a website not affiliated with the Voyager Digital.
Beware of imposter claiming to be from the Department of Financial Protection and Innovation and asking for upfront fees to access a crypto asset “Cold Wallet”
The DFPI has been notified that an entity is contacting members of the public as part of a scam whereby the scammers claim the DFPI and CSA have control of the victim’s crypto asset “cold wallet,” and demanding upfront fees in order to release the funds.