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.
Volcanic Exchangevolcanic.exchange
Investment / sanctions alert · dfpi
DFPI — Victim narrative (California)
A California resident reported an “analyst” named William guided him to a group chat on the WhatsApp platform. The group appeared to be very established, and claimed to offer market analysis, recommendations, and other information to guide investors. In the group chat, William initially made stock recommendations. But after gaining the victim’s trust by claiming these recommendations had earned profits, William introduced them to crypto contract trading on the Volcanic Exchange app. Under William’s guidance, the victim transferred $500 onto the platform. William continued to identify trading o
Estimated loss: $500
Type: Fraudulent Trading Platform | Pig Butchering Scam
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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.