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On December 6, 2025, the Alabama Securities Commission issued a warning to investors about the increasing number of cryptocurrency investment scams in the state. The commission has received numerous reports of fraudulent schemes targeting unsuspecting individuals looking to invest in the booming digital currency market.According to the commission, scammers are using social media platforms, online forums, and phishing emails to lure investors with promises of high returns and guaranteed profits. These scams often involve fake websites and fake social media profiles that appear to be legitimate investment opportunities.Commissioner Thomas Brown emphasized the importance of conducting thorough research before investing in any cryptocurrency or digital asset. He advised investors to be cautious of any investment opportunity that sounds too good to be true and to be wary of high-pressure sales tactics.Additionally, the commission reminded investors to only deal with registered broker-dealers and investment advisers who are licensed to operate in the state of Alabama. They also encouraged individuals to report any suspicious activity or potential scams to the commission's Investor Protection Division.In recent years, the rise of cryptocurrencies such as Bitcoin and Ethereum has led to a surge in investment interest from individuals looking to capitalize on the market's volatility. However, this popularity has also attracted fraudulent actors seeking to exploit unsuspecting investors.The Alabama Securities Commission is working diligently to combat these scams and protect investors from financial harm. They are urging individuals to exercise caution and due diligence when considering any investment opportunity, especially in the cryptocurrency space.For more information or to report a potential scam, investors are encouraged to contact the Alabama Securities Commission at 1-800-222-1254 or visit their website at www.asc.alabama.gov.