How to Avoid Fraudulent Crypto Brokers

Regardless of your investment goals and preference, you need to know how to identify and avoid fraudulent crypto brokers. These scams are designed to scam you out of your money and leave you with nothing. This is why it is so important to read this article to learn more.


Currently, Saffron Finance crypto has a market cap of over $200 million. The crypto has been experiencing a substantial growth in the past three months. The price has risen by +265% in that time. The crypto is a platform for asset collateralization.

The Saffron protocol has been designed to tokenize on-chain assets and provide users with exposure to customized risk profiles. The platform uses smart contracts, which have been verified on etherscan. This is a very promising project.

Saffron Finance crypto optimizes returns for people sharing liquidity. The company is pioneering the use of a risk adjusted payback waterfall in the DeFi space. This is a feature that will be expanded in future versions of the Saffron protocol.

Evolution Brokers

Whether you’re just starting out in the world of cryptocurrencies or you’re an old pro, there’s no reason to be a victim of Evolution Brokers. While they may offer a wide variety of cryptocurrencies, they are also one of the thousands of crypto schemes out there.

It’s not unusual for beginners to lose money trading. There’s also no guarantee that your first trade will turn into a profit. However, it’s important to do your research before you make a decision.

It’s also a good idea to check out the broker’s certifications. This should include whether or not the broker is regulated by a governing body. Some fraudulent firms will have fake regulatory licenses and addresses.


Investing in digital assets such as cryptocurrency is a risky business, but there are a few things you can do to protect yourself. One of the most important is to avoid unregulated brokers.

A reputable broker will post copies of their certificate. This will let you know if they are a licensed business, and if they are offshore or a legitimate regulated jurisdiction. However, there are many brokers that claim to hold a license.

Another thing you can do to protect yourself is to read a good review of a particular broker. These can be found on the internet, and you can even check the broker’s license to see if it has been revoked.


Earlier this week, Michael Alan Stollery, a crypto businessman, pleaded guilty to securities fraud charges in the Central District of California. He admitted that he took $21 million in funds from investors and spent the money on personal expenses and credit card charges. He also admitted that his BAR Token technology was false.

According to court records, Stollery was the CEO of Titanium Blockchain Infrastructure Services, a purported crypto investment firm. The company launched an initial coin offering (ICO) and invited investors to buy its BAR token. But the CEO allegedly falsified white papers, planted fake testimonials on the company’s website, and falsified business relationships with prominent companies. In addition, Stollery failed to register the ICO with the Securities and Exchange Commission (SEC).

Michael Stollery admitted in court that he fabricated portions of company white papers, and he admitted that he fabricated a pitch to investors. He also admitted that he used the money raised in the ICO for personal expenses and credit card charges.


CFTC has investigated several fraudulent crypto brokers. These cases should serve as warnings to the digital currency market. They could have a significant impact on other market participants.

CFTC Chair Rostin Behnam has stated his desire to use his agency’s regulatory authority to protect consumers and investors from the potential dangers of unregulated virtual currencies. He is confident that the agency can do its job well.

The CFTC has taken the lead in regulating the crypto industry, announcing that it will investigate virtual currency scams. It has also issued an alert to the public to warn them of potential scams.

The CFTC has also investigated several crypto consultants. They are accused of misleading investors by selling them products that did not exist. In some cases, they claimed to have proprietary software that would make their investors huge gains. They also claimed to have a trading bot that would enable them to make profits from the market.


During fiscal year 2021, the Internal Revenue Service (IRS) criminal investigation unit seized $3.5 billion in virtual currency from fraud cases. This represented 93% of all assets seized by the division.

The division’s 100th annual report reveals that it is still focusing on employment tax fraud, but has also started investigating the use of virtual currencies for illicit activities.

For example, the agency is investigating two men who were arrested in the Netherlands for alleged money laundering through a crypto service provider. In a recent lawsuit, the DOJ alleges that the men were involved in a scheme to trade in unregistered securities on crypto exchanges.