Do not invest with this entity
This entity appears in one or more regulatory or sanctions lists (SEC PAUSE, DFPI, OpenSanctions). Report to the FBI IC3 at ic3.gov and the FTC at reportfraud.ftc.gov.
morgarbits.com
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
A Californian reports being introduced to the crypto trading site at morgarbits.com by a chat group on WhatsApp. After participating in the chat group, the victim invested $10,000 in crypto on the MorgarBits site. Over time, the victim believed their balance had increased to over $50,000. But when the victim tried to withdraw funds, a representative for the site said the account was under “SEC control” and therefore froze the account. The victim has not been able to withdraw their funds and the site is no longer operational. The victim reports the chat group referred to the trading site by var
Estimated loss: $10,000
Type: Investment Group Scam | Fraudulent Trading Platform
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What to do if you were targeted
- 1.Stop all transfers immediately.
- 2.Contact your bank or wire transfer service to attempt a recall.
- 3.File a complaint with the FBI IC3 at ic3.gov.
- 4.Report to the FTC at reportfraud.ftc.gov.
- 5.Report to your state securities regulator via nasaa.org.