California regulator launches complaint-based crypto scam tracker

The California Department of Financial Protection and Innovation has launched a new crypto scam tracker to help traders and investors spot possible industry threats.

zDFPI launched the 

Imposter websites are also one of the most commonly reported scams, according to the DFPI. “When companies or websites (fake or not) have a look- or sound-alike names, the potential confusion created for consumers is real,” it said.

The tracker also has a search function enabling users to look up potentially fraudulent websites or crypto projects in advance.