AG WARNS CT CONSUMERS AGAINST UNREGULATED CRYPTO
ATTORNEY GENERAL TONG WARNS CONNECTICUT CONSUMERS AGAINST UNREGULATED OVERSEAS DECENTRALIIZED FINANCE (DEFI) CRYPTO EXCHANGES (Hartford, CT) - Attorney General William Tong today issued a comprehensive consumer alert warning Connecticut residents about the significant financial and security risks associated with unregulated, offshore "decentralized finance" (DeFi) cryptocurrency exchanges. Operating outside of state and federal regulatory frameworks, these platforms, including GMX, Gains Network, dYdX, Aevo, Drift Protocol, Vertex Protocol, and Hyperliquid, bypass critical consumer protections and expose retail investors to substantial financial losses, predatory leverage, and serious security risks. "These platforms are built to lure investors in with promises of easy access and bigger returns. What they don't advertise is that if something goes wrong, investors will be stranded with little to no…
