The Wisconsin Department of Financial Institutions (DFI) in the United States has introduced a public tracker to combat cryptocurrency and other investment scams. In response to Wisconsinites losing around $3.55 million to financial grooming and crypto fraud from January 2022 to June 2024, the DFI launched the tracker. This tool relies on consumer complaints to gather essential threat data and warn the public, making it challenging for scammers to target more investors. While the DFI has not verified all reported losses, the tracker aims to safeguard crypto investors by providing updated information searchable by company name, scam type, or keyword. DFI Secretary Cheryll Olson-Collins cautioned against interacting with unknown entities promising unrealistic returns on crypto investments, emphasizing the irreversible and untraceable nature of cryptocurrency transfers. By staying vigilant and using registered cryptocurrency services, Wisconsinites can reduce the risk of falling victim to investment scams. Read more AI-generated news on: https://app.chaingpt.org/news