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California Regulator To Ban 17 Crypto Websites

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Over the past two days, 17 warnings were issued by the CDFPI to crypto brokers and websites that it believes are fraudulent.

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This list includes TeleTrade Options and Tahoe Digital Exchange, as well as Tony Alin Trading Firm and Hekamenltd/Total Markets Limited. 

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Trade 1960, Yong Ying Global Investment Company Limited, Unison FX, VoyanX.com, and ZC Exchange are just a few.

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Two other copycat websites pretend to be two major crypto companies: UniSwap LLC and eth-Wintermute.net.

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The DFPI's consumer alert webpage has posted 17 warnings stating that these companies "appear engaged in fraud against Californian consumers.

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The DFPI stated that individuals had reported losing anywhere from $2,000 to $1.2 million in some cases. 

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However, the DFPI only states that these websites "appears engaged in fraud."

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