Alleged Trading Platform Coinbm Appears to Be Engaged in Fraud

A Washington resident invested $3,115 with Coinbm on their trading application. The investor believed they were investing in bitcoin through the application and was informed that trades had been made on their behalf. The investor was unable to withdraw funds from their trading wallet and has not received any further communications from Coinbm. Coinbm appears to operate exclusively via a trading application that users download on their phones.

How to Report

If you believe you are a victim of this alleged cryptocurrency 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

• Virtual Currency, Cryptocurrency, and Digital Assets Information for Consumers
• Investment Fraud
• What You Can Do to Avoid Investment Fraud | Investor.gov