As Cointelegraph reported, the California Department of Financial Protection and Innovation (DFPI) has launched a new cryptocurrency scam tracker to help traders and investors spot possible threats to the industry. The tracker has compiled a list of crypto-related complaints by victims who claim to have been scammed or have confirmed attempted scams. The complaints listed describe losses that occurred in transactions that victims have identified as part of a fraudulent or deceptive operation (DFPI said it has not verified any of the scams listed).

Most of the 36 complaints already listed in the tracker are social media and social engineering scams, where users are tricked into taking action via scams on Facebook, WhatsApp, Instagram, TikTok and dating apps.