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On May 14, 2026, the North Dakota Securities Division issued a warning to investors about the growing number of cryptocurrency scams in the state. The division has seen a significant uptick in fraudulent schemes targeting unsuspecting individuals looking to invest in the booming cryptocurrency market.According to the division, scammers are using various tactics to lure in investors, including promising high returns on investment, offering "guaranteed" profits, and using celebrity endorsements to lend credibility to their schemes. These scams often involve fake cryptocurrency platforms, Ponzi schemes, and phishing scams designed to steal investors' personal information and money.North Dakota Securities Commissioner, Sarah Vogel, urged investors to exercise caution and thoroughly research any investment opportunity before parting with their hard-earned money. She emphasized the importance of conducting due diligence, verifying the legitimacy of the investment firm or platform, and seeking advice from a financial advisor before making any investment decisions.Vogel also warned investors to be wary of unsolicited investment offers received through social media, email, or phone calls. She advised investors to never give out personal or financial information to unknown parties and to report any suspicious activity to the North Dakota Securities Division.In light of the recent surge in cryptocurrency scams, the division is working closely with law enforcement agencies to investigate and prosecute those responsible for defrauding investors. Vogel emphasized the division's commitment to protecting investors and holding fraudsters accountable for their actions.As the popularity of cryptocurrencies continues to rise, the North Dakota Securities Division is urging investors to remain vigilant and be cautious when considering investment opportunities in the digital asset space. By staying informed and taking proactive steps to protect themselves, investors can help prevent falling victim to fraudulent schemes and safeguard their financial well-being.