Date Posted: 
Tuesday, July 2, 2024

The Washington State Department of Financial Institutions (DFI), Securities Division has received a complaint regarding In-Carlyle App, claiming to be a cryptocurrency trading platform. 

The investor learned of the In-Carlyle App from a random message from an individual via WhatsApp.  The websites utilized were: and

The investor invested a total of approximately $140,000 through the In-Carlyle App over a 2-month timespan.  The wallet addresses that were used in the transactions were:



The investor chose to withdraw some of the funds.  The investor was advised of a “withdrawal review” at an additional cost of $5,500.  Once the review was complete, the funds purportedly would be released to the investor. 

The investor did not pay the fee and the account was frozen.  The investor has been unable to withdraw the funds.  These allegations have not been verified by DFI. 

This appears to be what is commonly called and “Advance Fee Fraud”.  Learn more about advance fee fraud.

DFI urges consumers to exercise extreme caution before responding to any solicitation offering investment or financial services. Investment professionals need to be licensed with DFI to offer investments to Washington residents. In addition, most investment products sold need to be registered with DFI. To check the licensing status and to find out if there are any complaints against an investment professional or investment product, please visit FINRA Brokercheck or contact the Washington State Department of Financial Institutions, Securities Division at (360) 902-8760. If you live outside of Washington State, contact your state securities regulator.

If a consumer believes a person or company has violated state law or acted improperly regarding an investment product or service, they may file a formal complaint with the Securities Division .

Additional Resources

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