With the FTX collapse leaving many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of already injured victims by posing as government officials.
In a press release, the Oregon Division of Financial Regulation (DFR) warned crypto investors that fake applications and websites put up by scammers are aiming to take their money but give nothing in return. The DFR urged traders to make sure to “do their homework” before sending any of their funds to crypto trading platforms.