---
title: "Cryptocurrency Fraud – Businesses That Appear To Be Engaged In Scams – A Series – May 22 2023"
canonical: https://romancescamsnow.com/cryptocurrency-fraud-businesses-that-appear-to-be-engaged-in-scams-a-series-may-22-2023/
type: post
author: "SCARS Institute Editorial Team"
published: 2023-05-22
modified: 2023-05-22
categories: ["♦ SCAM WARNINGS & ALERTS", "2023", "Crypto Investment Scams/Pig Butchering Scams", "Investment Scams", "Special Reports", "♦ SCAMMER DATA"]
summary: ""
organization: "SCARS Institute - Encyclopedia of Scans - World's #1 Anti-Scam Website - Romance Scams NOW"
organization_url: https://romancescamsnow.com/
llms: https://romancescamsnow.com/llms.txt
---

# Cryptocurrency Fraud – Businesses That Appear To Be Engaged In Scams – A Series – May 22 2023

# Cryptocurrency Businesses That Appear To Be Engaged In Fraud

## Reported Crypto Websites - A Scam Victim Alert

### A SCARS Special Report - May 22, 2023

**A Note on Imposters: **Imposter websites used in cryptocurrency fraud is one of the most commonly reported Investment scams (Pig Butchering scams.) The companies or websites listed may sound similar to the names of other companies or websites that also operate in the marketplace. When companies or websites (fake or not) have look- or sound-alike names, the potential confusion created for consumers is real.

Attempting to take advantage of such confusion is a tactic employed by some cryptocurrency fraudsters looking to profit from unsuspecting consumers. The best way to avoid falling victim to a cryptocurrency fraud phony company or website is to do research on the company before you invest or send money.

## Cryptocurrency Is Full Of Fraud

## According to California State Regulators, the Following Cryptocurrency Businesses Should Be Avoided! They are Engaged in Pig Butchering Scams!

### The following are the identified companies (or fake companies) involved in cryptocurrency fraud

Source: State of California, Department of Financial Protection and Innovation

NOTE: The scams listed are based on consumer complaints of cryptocurrency fraud to California DFPI. They represent descriptions of cryptocurrency fraud losses incurred in transactions that complainants have identified as part of a fraudulent or deceptive operation. The DFPI has not verified the losses reported by complainants. As new cryptocurrency fraud/scams emerge, the DFPI will update this list on an ongoing basis to alert and protect the public - to view the latest list [click here](https://dfpi.ca.gov/crypto-scams/).

If you are a resident of California and want to [file a complaint with the Department of Financial Protection & Innovation click here](https://dfpi.ca.gov/file-a-complaint/).