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On January 23, 2026, the North Dakota Securities Commission issued a warning to residents about a new cryptocurrency scam that has been circulating in the state. The scam, which involves a fake cryptocurrency promising high returns on investments, has already claimed several victims and caused significant financial losses.According to the Securities Commission, the scam involves a fraudulent cryptocurrency called "BitDreams" that promises investors guaranteed returns of 10% per day on their investments. The scammers behind the scheme have been targeting unsuspecting individuals through social media and email, enticing them with the promise of quick and easy profits.Authorities are urging residents to exercise caution when considering investing in cryptocurrencies and to thoroughly research any potential investment opportunities before handing over their money. They are also reminding individuals to be wary of any investment offers that seem too good to be true, as they are likely scams.In response to the growing number of cryptocurrency scams in North Dakota, the Securities Commission is advising residents to only invest in legitimate, regulated cryptocurrency exchanges and to avoid any investments that promise unrealistically high returns. They are also encouraging individuals to report any suspicious investment offers to the Commission so that they can investigate and take action against scammers.As the popularity of cryptocurrencies continues to grow, so too does the number of scams targeting unsuspecting investors. The North Dakota Securities Commission is urging residents to stay vigilant and to be cautious when considering investing in any new cryptocurrency schemes. By taking these precautions, investors can protect themselves from falling victim to financial fraud and losing their hard-earned money.