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HOUSTON — Crypto is exploding, and so are the scams. New data from the Consumer Financial Protection Bureau shows Texas leads the country in complaints. In the last three years (September 2022 – September 2025), Texans filed 6,546 complaints, followed by California (5,458) and Georgia (3,905). That’s thousands of people who say they were misled, cheated, or tricked while investing in digital currency. Chris Bronk, PhD, Associate Professor at the University of Houston Hobby School of Public Affairs, said he is not surprised by the number of consumer complaints in Texas. “We have a weak regulatory regime. Texas has really encouraged crypto mining in the state. This is a very bullish state on this technology. And unfortunately, the state has not enacted the kind of defenses that would be needed to protect individual investors from malicious parties who are using this stuff for their criminal, armed enterprises,” Bronk said. The cybersecurity expert said that, as a result, there are no effective solutions available to victims who may have already fallen victim to cryptocurrency scams. His recommendation is to invest your money elsewhere. “If you’re going to start getting into the cryptocurrency investing world, you may want to, you know, choose how to do that through a major financial institution that does provide some sort of guarantee. But I don’t think those guarantees are really there. This is still the wild west, and frankly, this is just digital data. It can be erased, it can disappear. It is not the most resilient place to put your life savings,” Bronk said. Bronk added that crypto transactions are hard to trace and almost impossible to reverse, which makes it easy for scammers to cash out and tough for victims to get their money back. Got a news tip or story idea? Email us at newstips@khou.com and include the best way to reach you.
Home – Crypto Presales – ETH Price Prediction In 2025/26: Bitcoin News Today & Which Is Voted As the Best Crypto To Buy Now Ethereum is showing strong potential with its price testing key support and resistance levels, while Bitcoin continues to lead the market. However, one new crypto is catching the attention of many investors, which is Remittix (RTX).
We participate in marketing programs, our editorial content is not influenced by any commissions. To find out more, please visit our Term and Conditions page. We participate in marketing programs, our editorial content is not influenced by any commissions. To find out more, please visit our Term and Conditions page. – Pi Network upgrades to protocol v23 on Testnet, improving scalability and stability ahead of mainnet transition with global expansion.
Pi Network has begun the final blockchain upgrade to protocol version 23 on its Testnet, preparing for the much-anticipated mainnet launch. The upgrade aims to improve scalability, stability, and transaction handling capabilities. Pi Network has successfully transitioned Testnet1 from version 19 to version 22, with Testnet2 and the mainnet scheduled for similar updates in the coming weeks. The network’s phased approach will see upgrades from Testnet1 to Testnet2 and, eventually, the mainnet. This method helps ensure that technical issues can be addressed before the full mainnet launch. Pi Network Testnet Upgraded to Version 22 According to @PiCoreTeam, the Pi Network is gradually upgrading from protocol v19 to v23, covering Testnet, Testnet2, and Mainnet. Currently, the Testnet has been successfully upgraded to v22. This upgrade aims to improve network… pic.twitter.com/0k33g5h7rS — Pi News (@PiNewsMedia) September 14, 2025