RATE Group | Texas goes after cryptocurrency scammers boasting fake Obama endorsements
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Texas goes after cryptocurrency scammers boasting fake Obama endorsements

19 Sep Texas goes after cryptocurrency scammers boasting fake Obama endorsements

Posted at 14:28h in Cryptocurrency News by

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The Texas State Securities Board (TSSB) is taking emergency action against cryptocurrency scammers, peddling fake endorsements and posing as well-established blockchain services.

In a statement from yesterday, TSSB Commissioner Travis J. Iles revealed the board has issued a cease and desist letter for three cryptocurrency businesses. The suspected businesses are currently under investigation.

The TSSB claims that Coins Miner Investment, DGBK Ltd, and Ultimate Assets LLC have been duping potential customers with incorrect, false, and totally misleading information.

“According to the Emergency Cease and Desist Order, Coins Miner is manipulating its email solicitations to make them appear as if they came from Coinbase,” the statement reads.

DGBK Ltd claims to have developed a “hack-proof device to store and transfer cryptocurrencies.” Oh, and the company is based in Belize. I feel like I’ve read this story before…

This company is also…

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