Texas regulator shuts down Craigslist crypto scam

Financial authorities in Texas have filed a cease and desist letter against a cryptocurrency scam that was advertising itself on Craigslist and promising investors 900% returns with their help. Authorities report that the advertisement was telling investors that if they provided the firm $2,000 they would help them turn it into $20,000 within a matter of weeks. Naturally, though, such statements are banned all over the United States and are not supported by financial regulators whatsoever, especially when they’re false. The investigation further found out that the advertisement was claiming that the company was a registered and licensed trading firm