Washington regulator warns Miami equity fund 005 of crypto scam
The Securities Division of the Washington State Department of Financial Institutions (DFI) has issued a warning about cryptocurrency investment scams after receiving a complaint from a resident about their investment in the Miami Foundation Equity Fund 005. The investor deposited funds through a Whatsapp group led by "Mark" and "Alice" on the now-defunct Vims.one platform, which promised over 100% returns on cryptocurrency deposits twice a week. Despite paying a 5% withdrawal commission, the investor has not received their funds. The scam used a name similar to the legitimate Miami Foundation, but the foundation was not involved. DFI has classified such cases as "advance fee fraud" and cryptocurrency investment scams using social media.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
