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*FOR IMMEDIATE RELEASE:*

December 29, 2022




*Media Contact:
*AG Press <[email protected]>






consumer alert

What is cryptocurrency and is it safe?





Cryptocurrency is a form of digital cash or currency, which allows users to transact directly with each other without needing banks or governmental regulations. 

What You Need to Know About Cryptocurrency:

* They are risky and unpredictable assets;
* Prices have fallen by 72% from their peak a year ago; and
* The collapse of cryptocurrency exchange FTX "trapped over a billion dollars of customer money."

To learn more about cryptocurrencies and the additional risks of using a cryptocurrency exchange for your investments, read the following Michigan Attorney General consumer alerts: 


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Cryptocurrency! What is it? What are the risks? [ [link removed] ]


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[ [link removed] ]What is a cryptocurrency exchange? Is it safe? [ [link removed] ]






*View All Consumer Alerts* [ [link removed] ]




*File a Consumer Complaint* [ [link removed] ]




*Consumer Protection* [ [link removed] ]







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