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North Dakota’s securities regulators have recently uncovered a major cryptocurrency scam that has affected hundreds of investors across the state. On July 24, 2025, the North Dakota Securities Department issued a cease-and-desist order against a company called CryptoVision, which was found to be operating an illegal investment scheme.According to officials, CryptoVision promised investors high returns on their investments in various cryptocurrency projects, but failed to deliver on its promises. The company allegedly lured investors in with false claims of guaranteed profits and misled them about the risks involved in investing in cryptocurrencies.The Securities Department launched an investigation into CryptoVision after receiving numerous complaints from investors who had lost significant amounts of money. The investigation revealed that the company was not registered to sell securities in North Dakota and was in violation of state securities laws.In response to these findings, the Securities Department took swift action to protect investors by issuing a cease-and-desist order against CryptoVision and ordering the company to cease all activities in the state immediately. The order also imposed fines on CryptoVision and its owners for their illegal activities.In a statement, North Dakota Securities Commissioner, John Johnson, warned investors to be cautious when investing in cryptocurrency projects and to thoroughly research any company before handing over their money. He emphasized the importance of working with registered investment professionals and avoiding offers that sound too good to be true.The crackdown on CryptoVision serves as a reminder to investors to be vigilant and to report any suspicious investment opportunities to state securities regulators. The Securities Department will continue to monitor the cryptocurrency market and take action against any companies found to be engaging in fraudulent activities.As the popularity of cryptocurrencies continues to grow, it is crucial for investors to exercise caution and due diligence when considering investment opportunities in this rapidly evolving market. The North Dakota Securities Department remains committed to protecting investors from scams and fraudulent schemes, and will not hesitate to take enforcement action against those who violate securities laws.