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Consumer Alert

Alleged Cryptocurrency Trading Platforms UTM Trading Company and ProTON-Invest Appear to Be Engaged in Fraud

Scammed? Find support on our Resources for People Affected by Scams page.
  • DFI cannot assist in recovering lost cryptocurrency funds.
  • This alert is meant to notify and educate the public.
  • The factual details and losses reported have not been verified by DFI.
  • Find support on our Resources for People Affected by Scams page.
Published
August 04, 2025

The investor responded to a Facebook post promoting Telegram-owner Pavel Durov and his new purported AI program for cryptocurrency trading, ProTON-Invest. Soon the investor was contacted by an alleged ProTON-Invest representative who prompted the investor to deposit Bitcoin into an account, presumably a trading account. The promoter then stated that the investor would be contacted by a licensed financial professional. The investor confirmed the provided name of the broker via FINRA’s BrokerCheck. However, the “licensed financial professional” that the investor was linked with was simply impersonating the legitimate broker. Using high pressure tactics, the promoter and impersonator pushed the investor to deposit more funds. When the investor decided to withdraw their funds, they were told they needed to pay multiple fees. The investor has yet to recover any funds. 

How to Report

If you believe you are a victim of this alleged cryptocurrency scam:

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