Crypto firms alleged to have faked execs using AI and actors: Cali regulator
1 min read
A number of firms claiming to offer artificial intelligence-assisted crypto trading services have been hit with allegations of being “fraudulent investment schemes” by a California financial regulator, with two accused of using actors and AI to impersonate CEOs.
On April 19, the California Department of Financial Protection and Innovation
The DFPI alleges the schemes would seem to be working well initially, with early withdrawals processed and account balances steadily increasing.
Eventually, however, withdrawals would not be processed and the website would go offline, leaving investors with no way to access their funds.
Cointelegraph contacted Maxspread, Visque and Harvest Keeper for comment but did not immediately receive a response. Coinbot and Quantfund could not be reached for comment.
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