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The North Dakota Securities Department issued a warning to investors today about a potential cryptocurrency scam that has been targeting residents in the state. The scam, known as a "pump and dump" scheme, involves artificially inflating the price of a digital currency and then selling off the assets at a profit, leaving unsuspecting investors with worthless tokens.According to a statement from the Securities Division, the scheme has been promoted through online forums and social media groups, promising high returns on investment with little to no risk. Some investors have reported losing thousands of dollars after falling victim to the scam."We want to alert North Dakota residents to be cautious when investing in cryptocurrencies or other digital assets, as they are often targets for fraudsters looking to make a quick buck at the expense of unsuspecting investors," said a spokesperson for the Securities Division.The Securities Division has urged investors to thoroughly research any investment opportunity before committing their funds and to be wary of promises of guaranteed returns or low-risk investments. They have also encouraged investors to report any suspicious activity to the department.This warning comes amid a surge in interest in cryptocurrency and other digital assets, with more and more North Dakotans seeking to invest in these markets. While legitimate investment opportunities exist in the crypto space, the Securities Division cautions investors to exercise caution and due diligence when considering their options.In light of this recent warning, North Dakota investors are advised to be vigilant and seek out credible sources of information before making any investment decisions. The Securities Division will continue to monitor the situation and take necessary action to protect investors from potential scams.