The California Division of Monetary Safety and Innovation (DFPI) has obtained a grievance from a California resident concerning coinworldtld.com an offshore cryptocurrency buying and selling platform that appears similar to one other authentic web site. Coinworld TLD claims to be registered in Arizona and operated in Hong Kong.
A California resident informed DFPI he was fooled by this phony, totally practical web site that claimed it might trade cryptocurrencies, and allowed clients to deposit and even withdraw cash, and made trades. The sufferer claims he has $500,000 value of cryptocurrency frozen in an account at Coinworld TLD and may’t withdraw.
This seems to be what is usually referred to as an “Advance Charge scheme,” which may take many kinds, as mentioned right here: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/advance-fee-schemes.
As well as, the DFPI cautions towards so-called imposter scams, the place the scammer pretends to be another person, right here, one other authentic web site. Extra data is out there right here: https://consumer.ftc.gov/features/imposter-scams.
The DFPI urges customers to train excessive warning earlier than responding to any solicitation providing funding or monetary companies. To verify whether or not an funding or monetary service supplier is licensed in California, customers might contact the Division for questions or inquiries at email@example.com or name toll-free at (866) 275-2677. If a shopper believes an individual or firm has violated state regulation or acted improperly concerning a shopper monetary services or products, they might file a proper grievance with the DFPI at https://dfpi.ca.gov/file-a-complaint/.