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On March 4, 2026, the South Carolina Securities Commission issued a warning to residents about the prevalence of cryptocurrency scams in the state. The Commission highlighted the growing number of fraudulent schemes targeting investors in South Carolina and urged caution when investing in cryptocurrencies.According to the Commission, scammers are using various tactics to deceive investors, including falsely claiming to offer high returns with low risk, promising guaranteed returns, and creating fake investment opportunities. These scams often target inexperienced investors who are unfamiliar with the risks associated with investing in cryptocurrencies.The Commission recommended that investors thoroughly research any investment opportunity before committing funds and to be wary of promises of quick and guaranteed returns. They also advised investors to be cautious of individuals or companies who pressure them into making quick decisions or who request payment in cryptocurrency.In addition to warning about cryptocurrency scams, the Commission also reminded residents to only invest with registered investment professionals and to report any suspicious activity to the Commission.In light of the warning, residents are encouraged to exercise caution and due diligence when considering investing in cryptocurrencies or any other potentially risky investments. By staying informed and vigilant, investors can protect themselves from falling victim to fraudulent schemes and financial losses.