“Registered, Professional” Crypto Trader Scams
Are you interested in investing in cryptocurrencies but don’t know your cold wallets from your hot wallets, or your Bitcoin from your Ethereum? Many investors have gotten caught up in the hype and media interest surrounding crypto assets and have decided they want to invest but need some help navigating the complicated and complex crypto world. Fraudsters know many people are interested in investing but lack the knowledge to do so themselves and are taking advantage by posing as registered professional crypto traders.
The Arkansas Securities Department has partnered with the North American Securities Administrators Association to issue an investor advisory warning the public about scams being conducted by those posing as “registered” or “professional” crypto traders.