How to lose 310,000$ in crypto assets thanks to “helpful advice.” The Washington State Department of Financial Institutions (DFI) Securities Division said in its warning about the fake Ethfinance trading platform. 

The regulator described a case in which an investor lost 310,000$ on an “exchange” that was... advised to him by an unknown person on the social network LinkedIn. 

The user found out about the Ethfinance platform from a “random friend request” and of course he connected his wallet and transferred assets. 

After trading, the user decided to withdraw part of the assets, but was unable to do so. “Technical support” of the scam site advised me to make an additional deposit (a classic move by scammers in such cases). And when the client refused, he was blocked. Then he turned to law enforcement officers. And they said that there was already a complaint about this scam platform from another user - who lost $165,000. 

There are two morals to the story:

- do not take financial advice from strangers,

- do not try to trade on no-name platforms, no matter how attractive their conditions are.