About
The Washington State Department of Financial Institutions (DFI), Securities Division, has received information that a purported cryptocurrency recovery service, Trusty Ledger, may be engaged in fraud. The Securities Division posted an investor alert regarding Trusty Ledger in April 2025. At the time, Trusty Ledger was using the website, tl-ltd.net, which is no longer active. The company subsequently opened another website, trustl-ltd.com, using very similar content to its predecessor website. The website appears to have been taken down as of October 30, 2025.
The consumer who reported Trusty Ledger was previously the victim of scams involving precious metals. It appears Trusty Ledger claimed it could assist the victim in recovering funds from the prior scams for a fee. The company was purportedly located in Alberta, Canada and the UK, and may have impersonated or claimed an association with a government entity, using the email address usclear@gov.financial. The victim also reported that Trusty Ledger connected the victim to a fake bank, called Bank of Samoa, to assist in collecting funds lost in the prior scams. The consumer paid the recovery service fees but did not recover any funds. Trusty Ledger’s website claims that it has many years of expertise and complies with the UK’s Financial Conduct Authority, but its registration could not be verified.
How to Report
If you believe you are a victim of this alleged scam:
- Report to FBI
- If you are outside Washington State: contact your local Securities Regulator.
- If you are a Washington State resident: Submit a Complaint for statistical purposes.
Other Resources
- Customer Advisory: Avoid Forex, Precious Metals, and Digital Asset Romance Scams | CFTC
- Protecting Yourself from Financial Fraud (wa.gov)
- Virtual Currency, Cryptocurrency, and Digital Assets Information for Consumers
- Information regarding investing strategies, investment products, and how to protect yourself from fraud
- What You Can Do to Avoid Investment Fraud