Opinion: Binary options scams are penetrating into the field of encryption, and investors need to be vigilant

Regulators such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are currently working on a new generation of fraudsters targeting fund investors. In the past two months alone, the CFTC has cracked down on the $15 million fraudulent binary options program. It turns out that this kind of scam is infiltrating into the field of cryptocurrencies, which requires extra vigilance for many inexperienced investors. According to previous news, the US federal court ordered the defendant of the ATM Coin virtual currency scam to pay a fine of 4.25 million US dollars. It is reported that the defendants from the two companies, Blue Bit Analytics and G. Thomas Client Services, illegally collected client funds without registering with the CFTC and engaged in a virtual currency scam called ATM Coin.