🕷️ Crawler Inspector

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Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 104 (from laksa168)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa104.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://dfpi.ca.gov/news/insights/crypto-scams-how-to-avoid-becoming-a-victim/\')), getAhrefsUnparsedNoserviceFromURL(\'https://dfpi.ca.gov/news/insights/crypto-scams-how-to-avoid-becoming-a-victim/\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/","crawl_time":1775917274,"first_indexed_time":1733812378,"http_code":200,"src_unparsed":"gov,ca!dfpi,\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/ s443","src_root_hash":"9440933396064374704","history_drop_reason":null,"meta_title":"Crypto scams: how to avoid becoming a victim - DFPI","meta_descriptions":[],"attrs_boilerpipe_text":"Crypto: Handle with caution\nBogus text messages, spam calls, and phishing are just part of the new toolbox of nightmares that scammers have available to them. And crypto — hard-to-trace, decentralized, anonymized — is practically custom-made for today’s online scammer.\nCrypto scams have increased by 900 percent since the start of the pandemic, according to the FTC.\nIn 2021 alone, more than 46,000 Americans lost more than $1 billion to crypto-related fraud.\nCalifornia is home to a vibrant and innovative crypto ecosystem. To help mitigate the risks associated with cryptocurrencies, we are working to implement the new \nDigital Financial Assets Law\n licensing program, enhance regulatory clarity, consumer education, and enforcement.\nExercise caution when dealing with crypto. Consult with trusted advisors, and with state and federal consumer watchdog organizations like DFPI.\nStay safe by understanding the risks\nCrypto assets can now be held and traded in exchange-traded funds (ETFs). Because of this, they are now widely available, but that doesn’t make them right for every investor.\nDon’t put in more money than you can afford to lose.\n Crypto assets are not protected by deposit insurance or error resolution rights.\nBeware of virtual pyramid and Ponzi schemes.\n Watch out for scammers or get-rich-quick schemes. Before investing, check credible sources of information such as:\nDFPI Consumer Advisories\nSEC\nCFPB\nRemain vigilant. Change passwords often and store them safely.\n Consider “cold storage” such as a hardware wallet for your assets, and always make sure you’re on a secure internet connection.\nTake the time to understand the technology.\n Subscribe to legitimate industry publications and stay up-to-date on new developments in the space.\nDo your own research and stick to the fundamentals.\n Beware of assets tied solely to speculation.\nWe support Californians like you.\nIn 2023, Governor Gavin Newsom signed the Digital Financial Assets Law (DFAL). This law creates a comprehensive regulatory program for many crypto companies, empowers DFPI to license and supervise digital financial asset-related companies that serve California residents, and provides important consumer protections. \nLearn more about the DFAL\n.\nIn our effort to keep pace with change in the world of crypto assets, we’ve developed resources to help you stay alert:\nDFPI Crypto Scam Tracker\nDFPI Trends In Consumer Crypto Complaints\nFinancial rights are important to Californians, which means they’re important to us.\nFinancial rights are at the core of the DFPI’s mission. To protect your rights, we regulate and oversee financial services across the state. That begins with serving as the state watchdog against unfair, deceptive or abusive acts or practices (UDAAP, for short) in the financial marketplace. We work every day to investigate and stop illegal behavior, resolve complaints, and prevent consumer harm.\nWe also license and regulate financial institutions and industries operating in the state. In recent years, California legislators have given us more power as a financial regulator, boosting our ability to regulate banks, credit unions, money transmitters, securities brokers, and lenders.\nWe’re your go-to if you think you’ve been the victim of fraud or that your financial rights have been violated. You can submit a complaint online, call us at (866) 275-2677 or send an email to \n[email protected]\n.\nBe aware: Common kinds of crypto asset scams\nCrypto scamming is global, thanks to an explosion in technology advances and popularity. \nStay on guard against these kinds of scams:\nPhishing scams\n include spam emails, bogus websites, and messages designed to trick you into providing your private keys, passwords, and sensitive information.\nPonzi and pyramid schemes\n promise eye-watering returns and low risk. By corruptly relying on funds from new investors to pay returns to earlier investors, they create the illusion of profitability.\nFake ICOs\n (Initial Coin Offerings) are when scammers create bogus ICOs that mimic legitimate fundraising campaigns for new cryptocurrencies. They tantalize victims with the promise of new tech or great returns.\nFake exchanges\n \nand wallets\n mimic legitimate platforms and fool unsuspecting users into depositing their funds into non-existent platforms.\nMalware and hacking\n are used to steal from users’ crypto asset wallets or exchange accounts. This can include malware-infected software, phishing links, or hacking into poorly secured exchanges or wallets.\nWhat You Can Do\nFile a Report Online\nIf you think you are the target of a scam or that your rights have been violated \nsubmit a complaint online\n, call us at (866) 275-2677 or send an email to \n[email protected]\n.","attrs_markdown":"[Skip to Main Content](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/#et-main-area)\n\n[CA.gov](http:\/\/www.ca.gov\/)\n\n[Twitter](https:\/\/twitter.com\/CaliforniaDFPI)   [Facebook](https:\/\/www.facebook.com\/CaliforniaDFPI)   [Linkedin](https:\/\/linkedin.com\/company\/californiadfpi)   [Instagram](https:\/\/www.instagram.com\/californiadfpi\/)   [YouTube](https:\/\/www.youtube.com\/channel\/UCBZhpVr_Vh7d33ZYapNlalw)\n\nTranslate\n\nSettings\n\nDefault\n\nHigh Contrast\n\nReset\n\nIncrease Font Size  Increase  Font Size\n\nDecrease Font Size  Decrease  Font Size\n\nDyslexic Font\n\nTranslate this website:\n\n[![Logo for the Department of Financial Protection and Innovation](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/source\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2023\/06\/DFPI-Logo.svg) The Department of Financial Protection and Innovation](https:\/\/dfpi.ca.gov\/)\n\nSite Search\n\n- [Home](https:\/\/dfpi.ca.gov\/)\n- [Consumers](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [Resources for yourself](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [Resources for helping others](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [Explore by Topic](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [Resources for](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [All Consumers](https:\/\/dfpi.ca.gov\/consumers\/)\n  \n  ## Resources for yourself\n  - [Submit a Complaint](https:\/\/dfpi.ca.gov\/submit-a-complaint\/)\n  - [Consumer Alerts](https:\/\/dfpi.ca.gov\/consumer-alerts\/)\n  - [Events](https:\/\/dfpi.ca.gov\/events\/)\n  - [Search Who We Regulate](https:\/\/dfpi.ca.gov\/regulated-industries\/regulated-entities-list\/)\n  - [Subscribe to Newsletter](https:\/\/dfpi.ca.gov\/news-and-updates\/subscribe\/)\n  - [Glossary of Financial Terms](https:\/\/dfpi.ca.gov\/consumers\/glossary-of-financial-terms\/)\n  - [How to Get Help](https:\/\/dfpi.ca.gov\/consumers\/how-to-get-help\/)\n  ## Resources for helping others\n  - [Grant Programs](https:\/\/dfpi.ca.gov\/consumers\/grant-programs\/)\n  - [Educational Materials](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/public-affairs\/outreach\/educational-materials\/)\n  - [Investor Center - Educating Your Community](https:\/\/dfpi.ca.gov\/consumers\/investing\/educating-your-community\/)\n  - [California Coalition for Financial Empowerment](https:\/\/dfpi.ca.gov\/consumers\/california-coalition-for-financial-empowerment\/)\n  \n  ## Explore by Topic\n  - [Bank Accounts & Services](https:\/\/dfpi.ca.gov\/consumers\/bank-accounts-and-services\/)\n  - [Credit & Credit Reports](https:\/\/dfpi.ca.gov\/consumers\/credit-and-credit-reports\/)\n  - [Crypto](https:\/\/dfpi.ca.gov\/consumers\/crypto)\n  - [Fraud Protection](https:\/\/dfpi.ca.gov\/consumers\/fraud-protection\/)\n  - [Housing](https:\/\/dfpi.ca.gov\/consumers\/housing\/)\n  - [Investing](https:\/\/dfpi.ca.gov\/consumers\/investing\/)\n  - [Loans](https:\/\/dfpi.ca.gov\/consumers\/loans\/)\n  - [Managing Debt](https:\/\/dfpi.ca.gov\/consumers\/managing-debt\/)\n  - [Personal Finance](https:\/\/dfpi.ca.gov\/consumers\/personal-finance\/)\n  - [Saving Money](https:\/\/dfpi.ca.gov\/consumers\/saving-money\/)\n  - [Student Loans](https:\/\/dfpi.ca.gov\/consumers\/student-loans\/)\n  \n  ![Young woman sits at the kitchen table to make a call while writing notes in a book](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2024\/08\/submit-a-complaint.jpg)\n  \n  ## Report to DFPI\n  Do you believe you've been a victim of unlawful, unfair, deceptive, or abusive practices by an individual or financial service provider?\n  \n  [Submit a Complaint](https:\/\/dfpi.ca.gov\/submit-a-complaint\/)\n  \n  [Explore Consumers](https:\/\/dfpi.ca.gov\/consumers\/)\n- [Regulated Industries](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [Industrial Banks](https:\/\/dfpi.ca.gov\/regulated-industries\/industrial-banks\/)\n  - [Public Banks](https:\/\/dfpi.ca.gov\/regulated-industries\/public-banks\/)\n  - [Credit Unions](https:\/\/dfpi.ca.gov\/regulated-industries\/credit-unions\/)\n  - [Trust Companies & Departments](https:\/\/dfpi.ca.gov\/regulated-industries\/trust-companies-departments\/)\n  - [Digital Financial Assets](https:\/\/dfpi.ca.gov\/regulated-industries\/digital-financial-assets\/)\n  - [Franchises](https:\/\/dfpi.ca.gov\/regulated-industries\/franchises\/)\n  - [Capital for Business](https:\/\/dfpi.ca.gov\/regulated-industries\/capital-for-business\/)\n  - [Broker-Dealers and Investment Advisors](https:\/\/dfpi.ca.gov\/regulated-industries\/broker-dealers-and-investment-advisers\/about-broker-dealers-and-broker-dealer-agents\/)\n  - [Payday Lenders](https:\/\/dfpi.ca.gov\/regulated-industries\/payday-lenders\/)\n  - [Small Dollar Loans](https:\/\/dfpi.ca.gov\/regulated-industries\/california-financing-law\/about-the-increased-access-to-responsible-small-dollar-loans-pilot-program\/)\n  - [Insurance Premium Finance](https:\/\/dfpi.ca.gov\/regulated-industries\/premium-finance-companies\/)\n  - [Residential Mortgage Lenders](https:\/\/dfpi.ca.gov\/regulated-industries\/mortgage-loan-originators\/about-mortgage-loan-originators\/)\n  - [Mortgage Loan Originators](https:\/\/dfpi.ca.gov\/regulated-industries\/mortgage-loan-originators\/)\n  - [Property Assessed Clean Energy (PACE) Program](https:\/\/dfpi.ca.gov\/regulated-industries\/property-assessed-clean-energy-pace-program-administrators\/)\n  - [Escrow Agents](https:\/\/dfpi.ca.gov\/regulated-industries\/escrow-law\/)\n  - [Student Loan Servicers](https:\/\/dfpi.ca.gov\/regulated-industries\/student-loans-student-loan-servicing-program\/)\n  - [Private Student Lending](https:\/\/dfpi.ca.gov\/regulated-industries\/student-loans-student-loan-servicing-program\/directory-of-student-loan-servicers-licensed-and-non-licensed-covered-by-the-department-of-financial-protection-and-innovation\/)\n  - [Money Transmitters](https:\/\/dfpi.ca.gov\/regulated-industries\/money-transmitters\/)\n  - [Debt Collectors](https:\/\/dfpi.ca.gov\/regulated-industries\/debt-collection-licensee\/)\n  - [Check Sellers, Bill Payers and Proraters](https:\/\/dfpi.ca.gov\/regulated-industries\/check-sellers-bill-payers-and-proraters\/)\n  - [Student Debt Relief](https:\/\/dfpi.ca.gov\/news\/insights\/what-are-student-debt-relief-companies\/)\n  - [Self-service Portal (DOCQNET)](https:\/\/docqnet.dfpi.ca.gov\/)\n  - [Forms](https:\/\/dfpi.ca.gov\/regulated-industries\/forms\/)\n  - [Important Notices](https:\/\/dfpi.ca.gov\/regulated-industries\/important-notices\/)\n  - [All Regulated Industries](https:\/\/dfpi.ca.gov\/regulated-industries\/)\n  \n  ## Banks and Credit Unions\n  - [Commercial Banks](https:\/\/dfpi.ca.gov\/regulated-industries\/commercial-banks\/)\n  - [Industrial Banks](https:\/\/dfpi.ca.gov\/regulated-industries\/industrial-banks\/)\n  - [Public Banks](https:\/\/dfpi.ca.gov\/regulated-industries\/public-banks\/)\n  - [Credit Unions](https:\/\/dfpi.ca.gov\/regulated-industries\/credit-unions\/)\n  - [Trust Companies & Departments](https:\/\/dfpi.ca.gov\/regulated-industries\/trust-companies-departments\/)\n  ## Securities and Investment\n  - [Securities](https:\/\/dfpi.ca.gov\/regulated-industries\/securities\/)\n  - [Franchises](https:\/\/dfpi.ca.gov\/regulated-industries\/franchises\/)\n  - [Capital for Businesses](https:\/\/dfpi.ca.gov\/regulated-industries\/capital-for-business\/)\n  - [Broker-Dealers & Investment Advisers](https:\/\/dfpi.ca.gov\/regulated-industries\/broker-dealers-and-investment-advisers\/\/)\n  - [Digital Financial Assets](https:\/\/dfpi.ca.gov\/regulated-industries\/digital-financial-assets\/)\n  - [VCC Reporting Program](https:\/\/dfpi.ca.gov\/regulated-industries\/vcc-reporting-program\/)\n  ## Non-Bank Financial Services\n  - [Money Transmitters](https:\/\/dfpi.ca.gov\/regulated-industries\/money-transmitters\/)\n  - [Debt Collectors](https:\/\/dfpi.ca.gov\/regulated-industries\/debt-collection-licensee\/)\n  - [Check Sellers, Bill Payers & Proraters](https:\/\/dfpi.ca.gov\/regulated-industries\/check-sellers-bill-payers-and-proraters\/)\n  - [Covered Persons](https:\/\/dfpi.ca.gov\/regulated-industries\/covered-persons\/)\n    - [Debt Settlement](https:\/\/dfpi.ca.gov\/regulated-industries\/covered-persons\/debt-settlement-services\/)\n    - [Student Debt Relief Services](https:\/\/dfpi.ca.gov\/regulated-industries\/covered-persons\/student-debt-relief-services\/)\n  \n  ## Lending, Borrowing, and Credit\n  - [Consumer & Commercial Loans](https:\/\/dfpi.ca.gov\/regulated-industries\/california-financing-law\/)\n  - [Payday Lenders](https:\/\/dfpi.ca.gov\/regulated-industries\/payday-lenders\/)\n  - [Insurance Premium Finance](https:\/\/dfpi.ca.gov\/regulated-industries\/premium-finance-companies\/)\n  - [Income-Based Advances (Earned Wage Access)](https:\/\/dfpi.ca.gov\/regulated-industries\/covered-persons\/income-based-advances\/)\n  ## Home and Property Financing\n  - [Residential Mortgage Lenders & Servicers](https:\/\/dfpi.ca.gov\/regulated-industries\/california-residential-mortgage-lending-act\/)\n  - [Mortgage Loan Originators](https:\/\/dfpi.ca.gov\/regulated-industries\/mortgage-loan-originators\/)\n  - [Property Assessed Clean Energy (PACE)](https:\/\/dfpi.ca.gov\/regulated-industries\/property-assessed-clean-energy-pace-program-administrators\/)\n  ## Escrow\n  - [Escrow Agents](https:\/\/dfpi.ca.gov\/regulated-industries\/escrow-law\/)\n  ## Education Financing\n  - [Student Loan Servicers](https:\/\/dfpi.ca.gov\/regulated-industries\/student-loans-student-loan-servicing-program\/)\n  - [Postsecondary Education Financing](https:\/\/dfpi.ca.gov\/regulated-industries\/covered-persons\/postsecondary-education-financing\/)\n  \n  ## Business Services\n  - [Search Who We Regulate](https:\/\/dfpi.ca.gov\/regulated-industries\/regulated-entities-list\/)\n  - [Self-service Portal](https:\/\/docqnet.dfpi.ca.gov\/)\n  - [Forms](https:\/\/dfpi.ca.gov\/forms\/)\n  - [Pending Applications](https:\/\/dfpi.ca.gov\/regulated-industries\/pending-applications\/)\n  - [Report a Cybersecurity Incident](https:\/\/dfpi.ca.gov\/regulated-industries\/report-a-cybersecurity-incident\/)\n  - [Protecting the Financial Rights of Domestic Violence Survivors](https:\/\/dfpi.ca.gov\/consumers\/protecting-the-financial-rights-of-domestic-violence-survivors\/)\n  \n  ![Black Female Executive Presents at a whiteboard to a Group](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2023\/12\/AdobeStock_561003317-300x169.jpeg)\n  \n  ## Supporting Innovation\n  At the Office of Financial Technology Innovation (OFTI), we help FinTech businesses grow and develop in ways that are both responsible and responsive.\n  \n  [Learn More about OFTI](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/office-of-financial-technology-innovation\/)\n  \n  [Explore Regulated Industries](https:\/\/dfpi.ca.gov\/regulated-industries\/)\n- [Rules & Enforcement](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [How we enforce the law](https:\/\/dfpi.ca.gov\/?page_id=294604)\n  - [All Rules & Enforcement](https:\/\/dfpi.ca.gov\/rules-enforcement\/)\n  \n  ## Regulation\n  - [How We Regulate](https:\/\/dfpi.ca.gov\/about\/what-we-do\/how-we-regulate\/)\n  - [Search Who We Regulate](https:\/\/dfpi.ca.gov\/regulated-industries\/regulated-entities-list\/)\n  - [Laws & Regulations](https:\/\/dfpi.ca.gov\/rules-enforcement\/laws-and-regulations\/)\n  - [Legal Process Information](https:\/\/dfpi.ca.gov\/rules-enforcement\/legal-process-information\/)\n  - [Opinion Letters by Subject](https:\/\/dfpi.ca.gov\/rules-enforcement\/laws-and-regulations\/opinion-letters-by-law-subject\/)\n  \n  ## Enforcement\n  - [How We Enforce the Law](https:\/\/dfpi.ca.gov\/about\/what-we-do\/how-we-enforce-the-law\/)\n  - [Browse Actions & Orders](https:\/\/dfpi.ca.gov\/rules-enforcement\/actions_and_orders\/?searchStudioQuery=&isGrid=false&facets=&orderBy=&start=0)\n  ## Consumer Services\n  - [How We Help Consumers](https:\/\/dfpi.ca.gov\/about\/what-we-do\/how-we-help-consumers\/)\n  - [Submit a Complaint](https:\/\/dfpi.ca.gov\/submit-a-complaint\/)\n  \n  ![Businessman speaking speech during conference](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2023\/12\/AdobeStock_592209833-1-1024x683.jpeg)\n  \n  ## [Help Shape Regulation](https:\/\/dfpi.ca.gov\/rules-enforcement\/laws-and-regulations\/)\n  Public participation is critical to the development of the laws and regulations that guide this work.\n  \n  [Explore Rules & Enforcement](https:\/\/dfpi.ca.gov\/rules-enforcement\/)\n- [News & Reports](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [Consumer Insights](https:\/\/dfpi.ca.gov\/news\/insights\/)\n  - [Press Releases](https:\/\/dfpi.ca.gov\/news\/press-releases\/?searchStudioQuery=&isGrid=false&facets=&orderBy=&start=0&model=DFPI)\n  - [Monthly Bulletins](https:\/\/dfpi.ca.gov\/news\/monthly-bulletins\/)\n  - [Educational Materials](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/public-affairs\/outreach\/educational-materials\/)\n  - [All News](https:\/\/dfpi.ca.gov\/news\/)\n  \n  ![monthly bulletin logo](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2024\/10\/Web_Default_MonthlyBulletin-150x150.png)\n  \n  [Monthly Bulletin – April 2026](https:\/\/dfpi.ca.gov\/news\/monthly-bulletins\/monthly-bulletin-april-2026\/)\n  \n  Apr 1, 2026\n  \n  ![Press Release logo](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2024\/10\/WebsitePaceholder_PressRelease_V02-150x150.png)\n  \n  [Supporting Financial Empowerment: DFPI Opens New CalMoneySmart Grant Application Period](https:\/\/dfpi.ca.gov\/press_release\/supporting-financial-empowerment-dfpi-opens-new-calmoneysmart-grant-application-period\/)\n  \n  Mar 30, 2026\n  \n  ![consumer alert](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2024\/10\/Web_Default_ConsumerAlert-150x150.png)\n  \n  [WhatsApp Investment Group called “Sofi Investment Group” Posing as a California-licensed Investment Adviser](https:\/\/dfpi.ca.gov\/alert\/whatsapp-investment-group-called-sofi-investment-group-posing-as-a-california-licensed-investment-adviser\/)\n  \n  Mar 9, 2026\n  \n  ## For Media\n  - [Press Releases](https:\/\/dfpi.ca.gov\/news\/press-releases\/?searchStudioQuery=&isGrid=false&facets=&orderBy=&start=0&model=DFPI)\n  ## Consumer Updates\n  - [Consumer Alerts](https:\/\/dfpi.ca.gov\/consumers\/consumer-alerts\/?searchStudioQuery=&isGrid=false&facets=&orderBy=&start=0)\n  - [Events](https:\/\/dfpi.ca.gov\/events\/)\n  - [Consumer Connection Newsletter](https:\/\/dfpi.ca.gov\/news\/consumer-connection-newsletter\/)\n  - [Subscribe to DFPI](https:\/\/dfpi.ca.gov\/news-and-updates\/subscribe\/)\n  ## Industry Updates\n  - [Monthly Bulletin](https:\/\/dfpi.ca.gov\/news\/monthly-bulletins\/)\n  - [Reports](https:\/\/dfpi.ca.gov\/reports\/)\n  - [Statistics](https:\/\/dfpi.ca.gov\/news\/statistics\/)\n  - [Important Notices](https:\/\/dfpi.ca.gov\/regulated-industries\/important-notices\/)\n  \n  ![A man reads a newspaper](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2023\/12\/AdobeStock_180705326.jpeg)\n  \n  ## Media Inquiries\n  For questions, interview requests with a DFPI expert, or to receive our [Press Releases](https:\/\/dfpi.ca.gov\/news\/press-releases\/?searchStudioQuery=&isGrid=false&facets=&orderBy=&start=0), Members of the media can reach us at [\\[email protected\\]](https:\/\/dfpi.ca.gov\/cdn-cgi\/l\/email-protection#224644524b0c4f47464b43624644524b0c41430c454d54).\n  \n  [Explore News & Reports](https:\/\/dfpi.ca.gov\/news\/)\n- [About](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n  - [About DFPI](https:\/\/dfpi.ca.gov\/about\/)\n  - [What We Do](https:\/\/dfpi.ca.gov\/about\/what-we-do\/)\n  - [DFPI Divisions and Offices](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/)\n  - [Careers](https:\/\/dfpi.ca.gov\/about\/careers\/)\n  - [DFPI Divisions and Offices](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/)\n  - [Division of Consumer Financial Protection](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/division-of-consumer-financial-protection\/)\n  - [Consumers](https:\/\/dfpi.ca.gov\/consumers\/)\n  - [Division of Corporations and Financial Institutions](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/division-of-corporations-and-financial-institutions\/)\n  - [Enforcement](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/enforcement\/)\n  - [Financial Services Office](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/financial-services-office\/)\n  - [Office of Financial Technology Innovation](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/office-of-financial-technology-innovation\/)\n  - [Legislation Division](https:\/\/dfpi.ca.gov\/symsoft-pages\/legislation-division-2\/)\n  - [Legal Process Information](https:\/\/dfpi.ca.gov\/rules-enforcement\/legal-process-information\/)\n  - [All About](https:\/\/dfpi.ca.gov\/about\/)\n  \n  ![Couple meeting with financial planner](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2023\/09\/AdobeStock_303797539-scaled.jpeg)\n  \n  ## Our Mission\n  Serve Californians by effectively overseeing financial service providers; enforcing laws and regulations; promoting innovation and fair and honest business practices; enhancing consumer awareness; and protecting consumers by preventing potential marketplace risks, fraud, and abuse.\n  \n  ## About DFPI\n  - [What We Do](https:\/\/dfpi.ca.gov\/about\/what-we-do\/)\n  - [Leadership](https:\/\/dfpi.ca.gov\/about\/leadership\/)\n  - [Careers](https:\/\/dfpi.ca.gov\/about\/careers\/)\n  - [Contact Us](https:\/\/dfpi.ca.gov\/about\/contact-us\/)\n  - [History](https:\/\/dfpi.ca.gov\/about\/history\/)\n  - [Submit a Public Records Act Request](https:\/\/dfpi.ca.gov\/about\/contact-us\/submit-a-public-records-request\/)\n  \n  ## [Divisions and Offices](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/)\n  - [Administration](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/administration-division\/)\n  - [Consumer Financial Protection](https:\/\/dfpi.ca.gov\/home\/division-of-consumer-financial-protection\/)\n  - [Consumer Services](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/consumer-services-division\/)\n  - [Corporations & Financial Institutions](https:\/\/dfpi.ca.gov\/pending-applications\/division-of-corporations-and-financial-institutions\/)\n  - [Enforcement](https:\/\/dfpi.ca.gov\/enforcement\/)\n  - [Financial Services](https:\/\/dfpi.ca.gov\/pending-applications\/financial-services-office\/)\n  - [Financial Technology Innovation](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/office-of-financial-technology-innovation\/)\n  - [Information Technology Services](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/information-technology-services-division\/)\n  - [Legal](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/legal-division\/)\n  - [Legislation](https:\/\/dfpi.ca.gov\/legislation-division\/)\n  - [Public Affairs](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/public-affairs\/)\n  - [Ombuds](https:\/\/dfpi.ca.gov\/about\/dfpi-divisions-and-offices\/office-of-the-ombuds\/)\n  \n  [Explore More](https:\/\/dfpi.ca.gov\/about\/)\n- [Submit a Complaint](https:\/\/dfpi.ca.gov\/submit-a-complaint\/)\n\n1. [Home](https:\/\/dfpi.ca.gov\/)\n2. [News & Reports](https:\/\/dfpi.ca.gov\/news\/)\n3. [Consumer Insights](https:\/\/dfpi.ca.gov\/news\/insights\/)\n\nShare this page:\n\nShare via Twitter\n\nShare via Facebook\n\nShare via LinkedIn\n\nShare via Email\n\n# Crypto scams: how to avoid becoming a victim\n- 10 min read\n- [\\#scams](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n- [\\#fraud](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n- [\\#crypto](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/)\n\nExercise caution when dealing with crypto. Consult with trusted advisors, and with state and federal consumer watchdog organizations like DFPI.\n\nPublished: September 18, 2024\n\n*Last updated: Apr 7, 2026 @ 9:45 am*\n\n![](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2024\/02\/cryptoCoin500-375.jpg)\n\n## Crypto: Handle with caution\n![](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/sites\/337\/2024\/07\/crypto_currency_icon-copy70.png)Bogus text messages, spam calls, and phishing are just part of the new toolbox of nightmares that scammers have available to them. And crypto — hard-to-trace, decentralized, anonymized — is practically custom-made for today’s online scammer.\n\nCrypto scams have increased by 900 percent since the start of the pandemic, according to the FTC.\n\nIn 2021 alone, more than 46,000 Americans lost more than \\$1 billion to crypto-related fraud.\n\nCalifornia is home to a vibrant and innovative crypto ecosystem. To help mitigate the risks associated with cryptocurrencies, we are working to implement the new [Digital Financial Assets Law](https:\/\/dfpi.ca.gov\/rules-enforcement\/laws-and-regulations\/digital-financial-assets-law-regulations-opinions-releases\/) licensing program, enhance regulatory clarity, consumer education, and enforcement.\n\nExercise caution when dealing with crypto. Consult with trusted advisors, and with state and federal consumer watchdog organizations like DFPI.\n\n## Stay safe by understanding the risks\nCrypto assets can now be held and traded in exchange-traded funds (ETFs). Because of this, they are now widely available, but that doesn’t make them right for every investor.\n\n1. **Don’t put in more money than you can afford to lose.** Crypto assets are not protected by deposit insurance or error resolution rights.\n2. **Beware of virtual pyramid and Ponzi schemes.** Watch out for scammers or get-rich-quick schemes. Before investing, check credible sources of information such as:\n   - [DFPI Consumer Advisories](https:\/\/dfpi.ca.gov\/consumers\/consumer-alerts\/)\n   - [SEC](https:\/\/www.sec.gov\/)\n   - [CFPB](https:\/\/www.consumerfinance.gov\/)\n3. **Remain vigilant. Change passwords often and store them safely.** Consider “cold storage” such as a hardware wallet for your assets, and always make sure you’re on a secure internet connection.\n4. **Take the time to understand the technology.** Subscribe to legitimate industry publications and stay up-to-date on new developments in the space.\n5. **Do your own research and stick to the fundamentals.** Beware of assets tied solely to speculation.\n\n## We support Californians like you.\nIn 2023, Governor Gavin Newsom signed the Digital Financial Assets Law (DFAL). This law creates a comprehensive regulatory program for many crypto companies, empowers DFPI to license and supervise digital financial asset-related companies that serve California residents, and provides important consumer protections. [Learn more about the DFAL](https:\/\/dfpi.ca.gov\/rules-enforcement\/laws-and-regulations\/digital-financial-assets-law-regulations-opinions-releases\/).\n\nIn our effort to keep pace with change in the world of crypto assets, we’ve developed resources to help you stay alert:\n\n- [DFPI Crypto Scam Tracker](https:\/\/dfpi.ca.gov\/consumers\/crypto\/crypto-scam-tracker\/)\n- [DFPI Trends In Consumer Crypto Complaints](https:\/\/dfpi.ca.gov\/news\/insights\/trends-in-consumer-crypto-complaints\/)\n\n## Financial rights are important to Californians, which means they’re important to us.\nFinancial rights are at the core of the DFPI’s mission. To protect your rights, we regulate and oversee financial services across the state. That begins with serving as the state watchdog against unfair, deceptive or abusive acts or practices (UDAAP, for short) in the financial marketplace. We work every day to investigate and stop illegal behavior, resolve complaints, and prevent consumer harm.\n\nWe also license and regulate financial institutions and industries operating in the state. In recent years, California legislators have given us more power as a financial regulator, boosting our ability to regulate banks, credit unions, money transmitters, securities brokers, and lenders.\n\nWe’re your go-to if you think you’ve been the victim of fraud or that your financial rights have been violated. You can submit a complaint online, call us at (866) 275-2677 or send an email to [\\[email protected\\]](https:\/\/dfpi.ca.gov\/cdn-cgi\/l\/email-protection#08497b634c4e5841486c6e7861266b69266f677e).\n\n## Be aware: Common kinds of crypto asset scams\n![](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/sites\/337\/2024\/07\/warning_icon-80.png)\n\n**Crypto scamming is global, thanks to an explosion in technology advances and popularity.** **Stay on guard against these kinds of scams:**\n\n- **Phishing scams** include spam emails, bogus websites, and messages designed to trick you into providing your private keys, passwords, and sensitive information.\n- **Ponzi and pyramid schemes** promise eye-watering returns and low risk. By corruptly relying on funds from new investors to pay returns to earlier investors, they create the illusion of profitability.\n- **Fake ICOs** (Initial Coin Offerings) are when scammers create bogus ICOs that mimic legitimate fundraising campaigns for new cryptocurrencies. They tantalize victims with the promise of new tech or great returns.\n- **Fake exchanges** **and wallets** mimic legitimate platforms and fool unsuspecting users into depositing their funds into non-existent platforms.\n- **Malware and hacking** are used to steal from users’ crypto asset wallets or exchange accounts. This can include malware-infected software, phishing links, or hacking into poorly secured exchanges or wallets.\n\n## What You Can Do\n**File a Report Online**  \nIf you think you are the target of a scam or that your rights have been violated [submit a complaint online](https:\/\/dfpi.ca.gov\/submit-a-complaint\/), call us at (866) 275-2677 or send an email to [\\[email protected\\]](https:\/\/dfpi.ca.gov\/cdn-cgi\/l\/email-protection#0b4a78604f4d5b424b6f6d7b6225686a256c647d).\n\n[Submit a Complaint](https:\/\/dfpi.ca.gov\/submit-a-complaint\/)\n\n## Key Consumer Links\n- [Explore Consumer Topics](https:\/\/dfpi.ca.gov\/consumers\/)\n- [Consumer Alerts](https:\/\/dfpi.ca.gov\/consumers\/consumer-alerts\/)\n- [Consumer Education Events](https:\/\/dfpi.ca.gov\/events\/)\n- [Regulated Industries](https:\/\/dfpi.ca.gov\/regulated-industries\/)\n- [Browse Actions & Orders](https:\/\/dfpi.ca.gov\/actions_and_orders\/)\n- [Submit a Complaint](https:\/\/dfpi.ca.gov\/submit-a-complaint\/)\n\n## News & Info Links\n- [Newsroom](https:\/\/dfpi.ca.gov\/news\/)\n- [Press Releases](https:\/\/dfpi.ca.gov\/news\/press-releases\/)\n- [Monthly Bulletins](https:\/\/dfpi.ca.gov\/news\/monthly-bulletins\/)\n- [Important Notices](https:\/\/dfpi.ca.gov\/regulated-industries\/important-notices\/)\n\n## Stay Connected\nReceive updates on this topic.\n\n[Subscribe](https:\/\/share.hsforms.com\/1KsNDWpYSQuaqoybkq1AKGQdrqgh)\n***\n- [Facebook](https:\/\/www.facebook.com\/CaliforniaDFPI)\n- [Twitter](https:\/\/twitter.com\/CaliforniaDFPI)\n- [Linked In](https:\/\/linkedin.com\/company\/californiadfpi)\n- [YouTube](https:\/\/www.youtube.com\/channel\/UCBZhpVr_Vh7d33ZYapNlalw)\n- [Instagram](https:\/\/www.instagram.com\/californiadfpi\/)\n\n## Resources and Publications\n- [News](https:\/\/dfpi.ca.gov\/news\/)\n- [Consumer Alerts](https:\/\/dfpi.ca.gov\/news\/consumer-alerts\/?searchStudioQuery=&isGrid=false&facets=&orderBy=&start=0)\n- [Press Releases](https:\/\/dfpi.ca.gov\/news\/press-releases\/?searchStudioQuery=&isGrid=false&facets=&orderBy=&start=0&model=DFPI)\n- [Events](https:\/\/dfpi.ca.gov\/events\/)\n- [Reports](https:\/\/dfpi.ca.gov\/news\/reports\/)\n- [Regulated Industries](https:\/\/dfpi.ca.gov\/regulated-industries\/)\n- [Actions & Orders](https:\/\/dfpi.ca.gov\/actions_and_orders\/)\n- [Laws & Regulations](https:\/\/dfpi.ca.gov\/rules-enforcement\/laws-and-regulations\/)\n\n## Industries we regulate\n- [Commercial Banks](https:\/\/dfpi.ca.gov\/regulated-industries\/commercial-banks\/)\n- [Industrial Banks](https:\/\/dfpi.ca.gov\/regulated-industries\/industrial-banks\/)\n- [Public Banks](https:\/\/dfpi.ca.gov\/regulated-industries\/public-banks\/)\n- [Credit Unions](https:\/\/dfpi.ca.gov\/regulated-industries\/credit-unions\/)\n- [Trust Services](https:\/\/dfpi.ca.gov\/regulated-industries\/trust-companies-departments\/)\n- [Securities](https:\/\/dfpi.ca.gov\/regulated-industries\/securities\/)\n- [Franchises](https:\/\/dfpi.ca.gov\/regulated-industries\/franchises\/)\n- [Capital for Businesses](https:\/\/dfpi.ca.gov\/regulated-industries\/capital-for-business\/)\n- [Broker-Dealers & Investment Advisers](https:\/\/dfpi.ca.gov\/regulated-industries\/broker-dealers-and-investment-advisers\/)\n- [Money Transmitters](https:\/\/dfpi.ca.gov\/regulated-industries\/money-transmitters\/)\n- [Debt Collectors](https:\/\/dfpi.ca.gov\/regulated-industries\/debt-collection-licensee\/)\n- [Check Sellers, Bill Payers & Proraters](https:\/\/dfpi.ca.gov\/regulated-industries\/check-sellers-bill-payers-and-proraters\/)\n- [Consumer & Commercial Loans](https:\/\/dfpi.ca.gov\/regulated-industries\/california-financing-law\/)\n- [Payday Lenders](https:\/\/dfpi.ca.gov\/regulated-industries\/payday-lenders\/)\n- [Insurance Premium Finance](https:\/\/dfpi.ca.gov\/regulated-industries\/premium-finance-companies\/)\n- [Residential Mortgage Lenders](https:\/\/dfpi.ca.gov\/regulated-industries\/california-residential-mortgage-lending-act\/about-california-residential-mortgage-lending-act\/)\n- [Mortgage Loan Originators](https:\/\/dfpi.ca.gov\/regulated-industries\/mortgage-loan-originators\/)\n- [Property Assessed Clean Energy (PACE)](https:\/\/dfpi.ca.gov\/regulated-industries\/property-assessed-clean-energy-pace-program-administrators\/)\n- [Escrow](https:\/\/dfpi.ca.gov\/regulated-industries\/escrow-law\/)\n- [Student Loan Servicers](https:\/\/dfpi.ca.gov\/regulated-industries\/student-loans-student-loan-servicing-program\/)\n\n![California 175 year logo](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/2023\/11\/ca-175-100.png)\n\n- [Back to Top](https:\/\/dfpi.ca.gov\/news\/insights\/crypto-scams-how-to-avoid-becoming-a-victim\/#skip-to-content)\n- [Accessibility](https:\/\/dfpi.ca.gov\/accessibility\/)\n- [Language Access Process](https:\/\/dfpi.ca.gov\/language-access-process\/)\n- [Site Map](https:\/\/dfpi.ca.gov\/site-map\/)\n- [Conditions of use](https:\/\/dfpi.ca.gov\/conditions-of-use\/)\n- [Privacy Policy](https:\/\/dfpi.ca.gov\/submit-a-complaint\/privacy-policy\/)\n- [Help](https:\/\/dfpi.ca.gov\/dfpi-help-center\/)\n- [Contact Us](https:\/\/dfpi.ca.gov\/about\/contact-us\/)\n\nCopyright © State of California","attrs_readable_markdown":"## Crypto: Handle with caution\n![](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/sites\/337\/2024\/07\/crypto_currency_icon-copy70.png)Bogus text messages, spam calls, and phishing are just part of the new toolbox of nightmares that scammers have available to them. And crypto — hard-to-trace, decentralized, anonymized — is practically custom-made for today’s online scammer.\n\nCrypto scams have increased by 900 percent since the start of the pandemic, according to the FTC.\n\nIn 2021 alone, more than 46,000 Americans lost more than \\$1 billion to crypto-related fraud.\n\nCalifornia is home to a vibrant and innovative crypto ecosystem. To help mitigate the risks associated with cryptocurrencies, we are working to implement the new [Digital Financial Assets Law](https:\/\/dfpi.ca.gov\/rules-enforcement\/laws-and-regulations\/digital-financial-assets-law-regulations-opinions-releases\/) licensing program, enhance regulatory clarity, consumer education, and enforcement.\n\nExercise caution when dealing with crypto. Consult with trusted advisors, and with state and federal consumer watchdog organizations like DFPI.\n\n## Stay safe by understanding the risks\nCrypto assets can now be held and traded in exchange-traded funds (ETFs). Because of this, they are now widely available, but that doesn’t make them right for every investor.\n\n1. **Don’t put in more money than you can afford to lose.** Crypto assets are not protected by deposit insurance or error resolution rights.\n2. **Beware of virtual pyramid and Ponzi schemes.** Watch out for scammers or get-rich-quick schemes. Before investing, check credible sources of information such as:\n   - [DFPI Consumer Advisories](https:\/\/dfpi.ca.gov\/consumers\/consumer-alerts\/)\n   - [SEC](https:\/\/www.sec.gov\/)\n   - [CFPB](https:\/\/www.consumerfinance.gov\/)\n3. **Remain vigilant. Change passwords often and store them safely.** Consider “cold storage” such as a hardware wallet for your assets, and always make sure you’re on a secure internet connection.\n4. **Take the time to understand the technology.** Subscribe to legitimate industry publications and stay up-to-date on new developments in the space.\n5. **Do your own research and stick to the fundamentals.** Beware of assets tied solely to speculation.\n\n## We support Californians like you.\nIn 2023, Governor Gavin Newsom signed the Digital Financial Assets Law (DFAL). This law creates a comprehensive regulatory program for many crypto companies, empowers DFPI to license and supervise digital financial asset-related companies that serve California residents, and provides important consumer protections. [Learn more about the DFAL](https:\/\/dfpi.ca.gov\/rules-enforcement\/laws-and-regulations\/digital-financial-assets-law-regulations-opinions-releases\/).\n\nIn our effort to keep pace with change in the world of crypto assets, we’ve developed resources to help you stay alert:\n\n- [DFPI Crypto Scam Tracker](https:\/\/dfpi.ca.gov\/consumers\/crypto\/crypto-scam-tracker\/)\n- [DFPI Trends In Consumer Crypto Complaints](https:\/\/dfpi.ca.gov\/news\/insights\/trends-in-consumer-crypto-complaints\/)\n\n## Financial rights are important to Californians, which means they’re important to us.\nFinancial rights are at the core of the DFPI’s mission. To protect your rights, we regulate and oversee financial services across the state. That begins with serving as the state watchdog against unfair, deceptive or abusive acts or practices (UDAAP, for short) in the financial marketplace. We work every day to investigate and stop illegal behavior, resolve complaints, and prevent consumer harm.\n\nWe also license and regulate financial institutions and industries operating in the state. In recent years, California legislators have given us more power as a financial regulator, boosting our ability to regulate banks, credit unions, money transmitters, securities brokers, and lenders.\n\nWe’re your go-to if you think you’ve been the victim of fraud or that your financial rights have been violated. You can submit a complaint online, call us at (866) 275-2677 or send an email to [\\[email protected\\]](https:\/\/dfpi.ca.gov\/cdn-cgi\/l\/email-protection#08497b634c4e5841486c6e7861266b69266f677e).\n\n## Be aware: Common kinds of crypto asset scams\n![](https:\/\/cdn-ilejaae.nitrocdn.com\/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa\/assets\/images\/optimized\/rev-9fa014a\/dfpi.ca.gov\/wp-content\/uploads\/sites\/337\/2024\/07\/warning_icon-80.png)\n\n**Crypto scamming is global, thanks to an explosion in technology advances and popularity.** **Stay on guard against these kinds of scams:**\n\n- **Phishing scams** include spam emails, bogus websites, and messages designed to trick you into providing your private keys, passwords, and sensitive information.\n- **Ponzi and pyramid schemes** promise eye-watering returns and low risk. By corruptly relying on funds from new investors to pay returns to earlier investors, they create the illusion of profitability.\n- **Fake ICOs** (Initial Coin Offerings) are when scammers create bogus ICOs that mimic legitimate fundraising campaigns for new cryptocurrencies. They tantalize victims with the promise of new tech or great returns.\n- **Fake exchanges** **and wallets** mimic legitimate platforms and fool unsuspecting users into depositing their funds into non-existent platforms.\n- **Malware and hacking** are used to steal from users’ crypto asset wallets or exchange accounts. This can include malware-infected software, phishing links, or hacking into poorly secured exchanges or wallets.\n\n## What You Can Do\n**File a Report Online**  \nIf you think you are the target of a scam or that your rights have been violated [submit a complaint online](https:\/\/dfpi.ca.gov\/submit-a-complaint\/), call us at (866) 275-2677 or send an email to [\\[email protected\\]](https:\/\/dfpi.ca.gov\/cdn-cgi\/l\/email-protection#0b4a78604f4d5b424b6f6d7b6225686a256c647d).","meta_canonical":null}

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Boilerpipe Text	Crypto: Handle with caution Bogus text messages, spam calls, and phishing are just part of the new toolbox of nightmares that scammers have available to them. And crypto — hard-to-trace, decentralized, anonymized — is practically custom-made for today’s online scammer. Crypto scams have increased by 900 percent since the start of the pandemic, according to the FTC. In 2021 alone, more than 46,000 Americans lost more than $1 billion to crypto-related fraud. California is home to a vibrant and innovative crypto ecosystem. To help mitigate the risks associated with cryptocurrencies, we are working to implement the new Digital Financial Assets Law licensing program, enhance regulatory clarity, consumer education, and enforcement. Exercise caution when dealing with crypto. Consult with trusted advisors, and with state and federal consumer watchdog organizations like DFPI. Stay safe by understanding the risks Crypto assets can now be held and traded in exchange-traded funds (ETFs). Because of this, they are now widely available, but that doesn’t make them right for every investor. Don’t put in more money than you can afford to lose. Crypto assets are not protected by deposit insurance or error resolution rights. Beware of virtual pyramid and Ponzi schemes. Watch out for scammers or get-rich-quick schemes. Before investing, check credible sources of information such as: DFPI Consumer Advisories SEC CFPB Remain vigilant. Change passwords often and store them safely. Consider “cold storage” such as a hardware wallet for your assets, and always make sure you’re on a secure internet connection. Take the time to understand the technology. Subscribe to legitimate industry publications and stay up-to-date on new developments in the space. Do your own research and stick to the fundamentals. Beware of assets tied solely to speculation. We support Californians like you. In 2023, Governor Gavin Newsom signed the Digital Financial Assets Law (DFAL). This law creates a comprehensive regulatory program for many crypto companies, empowers DFPI to license and supervise digital financial asset-related companies that serve California residents, and provides important consumer protections. Learn more about the DFAL . In our effort to keep pace with change in the world of crypto assets, we’ve developed resources to help you stay alert: DFPI Crypto Scam Tracker DFPI Trends In Consumer Crypto Complaints Financial rights are important to Californians, which means they’re important to us. Financial rights are at the core of the DFPI’s mission. To protect your rights, we regulate and oversee financial services across the state. That begins with serving as the state watchdog against unfair, deceptive or abusive acts or practices (UDAAP, for short) in the financial marketplace. We work every day to investigate and stop illegal behavior, resolve complaints, and prevent consumer harm. We also license and regulate financial institutions and industries operating in the state. In recent years, California legislators have given us more power as a financial regulator, boosting our ability to regulate banks, credit unions, money transmitters, securities brokers, and lenders. We’re your go-to if you think you’ve been the victim of fraud or that your financial rights have been violated. You can submit a complaint online, call us at (866) 275-2677 or send an email to [email protected] . Be aware: Common kinds of crypto asset scams Crypto scamming is global, thanks to an explosion in technology advances and popularity. Stay on guard against these kinds of scams: Phishing scams include spam emails, bogus websites, and messages designed to trick you into providing your private keys, passwords, and sensitive information. Ponzi and pyramid schemes promise eye-watering returns and low risk. By corruptly relying on funds from new investors to pay returns to earlier investors, they create the illusion of profitability. Fake ICOs (Initial Coin Offerings) are when scammers create bogus ICOs that mimic legitimate fundraising campaigns for new cryptocurrencies. They tantalize victims with the promise of new tech or great returns. Fake exchanges and wallets mimic legitimate platforms and fool unsuspecting users into depositing their funds into non-existent platforms. Malware and hacking are used to steal from users’ crypto asset wallets or exchange accounts. This can include malware-infected software, phishing links, or hacking into poorly secured exchanges or wallets. What You Can Do File a Report Online If you think you are the target of a scam or that your rights have been violated submit a complaint online , call us at (866) 275-2677 or send an email to [email protected] .
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[Home](https://dfpi.ca.gov/) 2. [News & Reports](https://dfpi.ca.gov/news/) 3. [Consumer Insights](https://dfpi.ca.gov/news/insights/) Share this page: Share via Twitter Share via Facebook Share via LinkedIn Share via Email # Crypto scams: how to avoid becoming a victim - 10 min read - [\#scams](https://dfpi.ca.gov/news/insights/crypto-scams-how-to-avoid-becoming-a-victim/) - [\#fraud](https://dfpi.ca.gov/news/insights/crypto-scams-how-to-avoid-becoming-a-victim/) - [\#crypto](https://dfpi.ca.gov/news/insights/crypto-scams-how-to-avoid-becoming-a-victim/) Exercise caution when dealing with crypto. Consult with trusted advisors, and with state and federal consumer watchdog organizations like DFPI. Published: September 18, 2024 Last updated: Apr 7, 2026 @ 9:45 am ![](https://cdn-ilejaae.nitrocdn.com/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa/assets/images/optimized/rev-9fa014a/dfpi.ca.gov/wp-content/uploads/2024/02/cryptoCoin500-375.jpg) ## Crypto: Handle with caution ![](https://cdn-ilejaae.nitrocdn.com/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa/assets/images/optimized/rev-9fa014a/dfpi.ca.gov/wp-content/uploads/sites/337/2024/07/crypto_currency_icon-copy70.png)Bogus text messages, spam calls, and phishing are just part of the new toolbox of nightmares that scammers have available to them. And crypto — hard-to-trace, decentralized, anonymized — is practically custom-made for today’s online scammer. Crypto scams have increased by 900 percent since the start of the pandemic, according to the FTC. In 2021 alone, more than 46,000 Americans lost more than \$1 billion to crypto-related fraud. California is home to a vibrant and innovative crypto ecosystem. To help mitigate the risks associated with cryptocurrencies, we are working to implement the new [Digital Financial Assets Law](https://dfpi.ca.gov/rules-enforcement/laws-and-regulations/digital-financial-assets-law-regulations-opinions-releases/) licensing program, enhance regulatory clarity, consumer education, and enforcement. Exercise caution when dealing with crypto. Consult with trusted advisors, and with state and federal consumer watchdog organizations like DFPI. ## Stay safe by understanding the risks Crypto assets can now be held and traded in exchange-traded funds (ETFs). Because of this, they are now widely available, but that doesn’t make them right for every investor. 1. Don’t put in more money than you can afford to lose. Crypto assets are not protected by deposit insurance or error resolution rights. 2. Beware of virtual pyramid and Ponzi schemes. Watch out for scammers or get-rich-quick schemes. Before investing, check credible sources of information such as: - [DFPI Consumer Advisories](https://dfpi.ca.gov/consumers/consumer-alerts/) - [SEC](https://www.sec.gov/) - [CFPB](https://www.consumerfinance.gov/) 3. Remain vigilant. Change passwords often and store them safely. Consider “cold storage” such as a hardware wallet for your assets, and always make sure you’re on a secure internet connection. 4. Take the time to understand the technology. Subscribe to legitimate industry publications and stay up-to-date on new developments in the space. 5. Do your own research and stick to the fundamentals. Beware of assets tied solely to speculation. ## We support Californians like you. In 2023, Governor Gavin Newsom signed the Digital Financial Assets Law (DFAL). This law creates a comprehensive regulatory program for many crypto companies, empowers DFPI to license and supervise digital financial asset-related companies that serve California residents, and provides important consumer protections. [Learn more about the DFAL](https://dfpi.ca.gov/rules-enforcement/laws-and-regulations/digital-financial-assets-law-regulations-opinions-releases/). In our effort to keep pace with change in the world of crypto assets, we’ve developed resources to help you stay alert: - [DFPI Crypto Scam Tracker](https://dfpi.ca.gov/consumers/crypto/crypto-scam-tracker/) - [DFPI Trends In Consumer Crypto Complaints](https://dfpi.ca.gov/news/insights/trends-in-consumer-crypto-complaints/) ## Financial rights are important to Californians, which means they’re important to us. Financial rights are at the core of the DFPI’s mission. To protect your rights, we regulate and oversee financial services across the state. That begins with serving as the state watchdog against unfair, deceptive or abusive acts or practices (UDAAP, for short) in the financial marketplace. We work every day to investigate and stop illegal behavior, resolve complaints, and prevent consumer harm. We also license and regulate financial institutions and industries operating in the state. In recent years, California legislators have given us more power as a financial regulator, boosting our ability to regulate banks, credit unions, money transmitters, securities brokers, and lenders. We’re your go-to if you think you’ve been the victim of fraud or that your financial rights have been violated. You can submit a complaint online, call us at (866) 275-2677 or send an email to [\[email protected\]](https://dfpi.ca.gov/cdn-cgi/l/email-protection#08497b634c4e5841486c6e7861266b69266f677e). ## Be aware: Common kinds of crypto asset scams ![](https://cdn-ilejaae.nitrocdn.com/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa/assets/images/optimized/rev-9fa014a/dfpi.ca.gov/wp-content/uploads/sites/337/2024/07/warning_icon-80.png) Crypto scamming is global, thanks to an explosion in technology advances and popularity. Stay on guard against these kinds of scams: - Phishing scams include spam emails, bogus websites, and messages designed to trick you into providing your private keys, passwords, and sensitive information. - Ponzi and pyramid schemes promise eye-watering returns and low risk. By corruptly relying on funds from new investors to pay returns to earlier investors, they create the illusion of profitability. - Fake ICOs (Initial Coin Offerings) are when scammers create bogus ICOs that mimic legitimate fundraising campaigns for new cryptocurrencies. They tantalize victims with the promise of new tech or great returns. - Fake exchanges and wallets mimic legitimate platforms and fool unsuspecting users into depositing their funds into non-existent platforms. - Malware and hacking are used to steal from users’ crypto asset wallets or exchange accounts. This can include malware-infected software, phishing links, or hacking into poorly secured exchanges or wallets. ## What You Can Do File a Report Online If you think you are the target of a scam or that your rights have been violated [submit a complaint online](https://dfpi.ca.gov/submit-a-complaint/), call us at (866) 275-2677 or send an email to [\[email protected\]](https://dfpi.ca.gov/cdn-cgi/l/email-protection#0b4a78604f4d5b424b6f6d7b6225686a256c647d). 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Readable Markdown	## Crypto: Handle with caution ![](https://cdn-ilejaae.nitrocdn.com/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa/assets/images/optimized/rev-9fa014a/dfpi.ca.gov/wp-content/uploads/sites/337/2024/07/crypto_currency_icon-copy70.png)Bogus text messages, spam calls, and phishing are just part of the new toolbox of nightmares that scammers have available to them. And crypto — hard-to-trace, decentralized, anonymized — is practically custom-made for today’s online scammer. Crypto scams have increased by 900 percent since the start of the pandemic, according to the FTC. In 2021 alone, more than 46,000 Americans lost more than \$1 billion to crypto-related fraud. California is home to a vibrant and innovative crypto ecosystem. To help mitigate the risks associated with cryptocurrencies, we are working to implement the new [Digital Financial Assets Law](https://dfpi.ca.gov/rules-enforcement/laws-and-regulations/digital-financial-assets-law-regulations-opinions-releases/) licensing program, enhance regulatory clarity, consumer education, and enforcement. Exercise caution when dealing with crypto. Consult with trusted advisors, and with state and federal consumer watchdog organizations like DFPI. ## Stay safe by understanding the risks Crypto assets can now be held and traded in exchange-traded funds (ETFs). Because of this, they are now widely available, but that doesn’t make them right for every investor. 1. Don’t put in more money than you can afford to lose. Crypto assets are not protected by deposit insurance or error resolution rights. 2. Beware of virtual pyramid and Ponzi schemes. Watch out for scammers or get-rich-quick schemes. Before investing, check credible sources of information such as: - [DFPI Consumer Advisories](https://dfpi.ca.gov/consumers/consumer-alerts/) - [SEC](https://www.sec.gov/) - [CFPB](https://www.consumerfinance.gov/) 3. Remain vigilant. Change passwords often and store them safely. Consider “cold storage” such as a hardware wallet for your assets, and always make sure you’re on a secure internet connection. 4. Take the time to understand the technology. Subscribe to legitimate industry publications and stay up-to-date on new developments in the space. 5. Do your own research and stick to the fundamentals. Beware of assets tied solely to speculation. ## We support Californians like you. In 2023, Governor Gavin Newsom signed the Digital Financial Assets Law (DFAL). This law creates a comprehensive regulatory program for many crypto companies, empowers DFPI to license and supervise digital financial asset-related companies that serve California residents, and provides important consumer protections. [Learn more about the DFAL](https://dfpi.ca.gov/rules-enforcement/laws-and-regulations/digital-financial-assets-law-regulations-opinions-releases/). In our effort to keep pace with change in the world of crypto assets, we’ve developed resources to help you stay alert: - [DFPI Crypto Scam Tracker](https://dfpi.ca.gov/consumers/crypto/crypto-scam-tracker/) - [DFPI Trends In Consumer Crypto Complaints](https://dfpi.ca.gov/news/insights/trends-in-consumer-crypto-complaints/) ## Financial rights are important to Californians, which means they’re important to us. Financial rights are at the core of the DFPI’s mission. To protect your rights, we regulate and oversee financial services across the state. That begins with serving as the state watchdog against unfair, deceptive or abusive acts or practices (UDAAP, for short) in the financial marketplace. We work every day to investigate and stop illegal behavior, resolve complaints, and prevent consumer harm. We also license and regulate financial institutions and industries operating in the state. In recent years, California legislators have given us more power as a financial regulator, boosting our ability to regulate banks, credit unions, money transmitters, securities brokers, and lenders. We’re your go-to if you think you’ve been the victim of fraud or that your financial rights have been violated. You can submit a complaint online, call us at (866) 275-2677 or send an email to [\[email protected\]](https://dfpi.ca.gov/cdn-cgi/l/email-protection#08497b634c4e5841486c6e7861266b69266f677e). ## Be aware: Common kinds of crypto asset scams ![](https://cdn-ilejaae.nitrocdn.com/IBrvlzTRMlwLaFbawLUPugFmsogBkJOa/assets/images/optimized/rev-9fa014a/dfpi.ca.gov/wp-content/uploads/sites/337/2024/07/warning_icon-80.png) Crypto scamming is global, thanks to an explosion in technology advances and popularity. Stay on guard against these kinds of scams: - Phishing scams include spam emails, bogus websites, and messages designed to trick you into providing your private keys, passwords, and sensitive information. - Ponzi and pyramid schemes promise eye-watering returns and low risk. By corruptly relying on funds from new investors to pay returns to earlier investors, they create the illusion of profitability. - Fake ICOs (Initial Coin Offerings) are when scammers create bogus ICOs that mimic legitimate fundraising campaigns for new cryptocurrencies. They tantalize victims with the promise of new tech or great returns. - Fake exchanges and wallets mimic legitimate platforms and fool unsuspecting users into depositing their funds into non-existent platforms. - Malware and hacking are used to steal from users’ crypto asset wallets or exchange accounts. This can include malware-infected software, phishing links, or hacking into poorly secured exchanges or wallets. ## What You Can Do File a Report Online If you think you are the target of a scam or that your rights have been violated [submit a complaint online](https://dfpi.ca.gov/submit-a-complaint/), call us at (866) 275-2677 or send an email to [\[email protected\]](https://dfpi.ca.gov/cdn-cgi/l/email-protection#0b4a78604f4d5b424b6f6d7b6225686a256c647d).
Shard	104 (laksa)
Root Hash	9440933396064374704
Unparsed URL	gov,ca!dfpi,/news/insights/crypto-scams-how-to-avoid-becoming-a-victim/ s443