Crypto Scams: California Shuts Down 42

California Shuts Down 42 Fraudulent Crypto Websites in $6.5M Scam

• California shut down 42 fraudulent cryptocurrency websites.
• The scam amounted to a total of $6.5 million.
• Victims lost an average of $146,306 each.
• Action was announced by California Attorney General Rob Bonta.
• The announcement was made on March 10.

California Attorney General Rob Bonta announced on March 10 that the state had dismantled 42 fraudulent crypto websites, which collectively scammed victims out of $6.5 million, with an average loss per victim of $146,306.