Washington state DFI warns Eucoinotrade may be engaging in ‘advanced fee fraud’

The Washington State Department of Financial Institutions (DFI) has issued a consumer protection alert addressing the “alleged cryptocurrency exchange” known as Eucoinotrade. 

At least one person may have

The Ecoinotrade site claims to offer 150% daily profit on user accounts with investment minimums ranging from $1,000 to $150,000 using a “binary algorithm.” However, no research or company profile information appeared on the website.

Cointelegraph asked Ecoinotrade about the alert but did not receive an immediate response. This story will be updated should it respond.