March 5, 2025 at 6:22 pm
#10451
A recent DFPI report warns that Paxos Pro (paxos-pro.top) is a fraudulent trading platform. A California resident created an account on the site, exchanged funds for cryptocurrency, and transferred their crypto to the platform to start trading. However, when they attempted to withdraw their funds, they were unable to do so. The victim has been unable to recover any of their money, and the website is no longer operational. This scam follows a common pattern where fake exchanges lure investors in, take their deposits, and then disappear. If you have come across Paxos Pro or similar scams, report them immediately to help prevent others from falling victim.