Letitia James, the Attorney General of New York, has issued a warning about the cryptocurrency market

The big collapse in the cryptocurrency industry continues to worry investors. Experts are recording reviews about the sharp fall of the crypto market. New York Attorney General Letitia James has issued warnings to cryptocurrency market investors.

Letitia James, the Attorney General of New York, has issued an investor alert to investors to highlight the various risks associated with cryptocurrencies. Risky crypto investments cause huge losses, while investors can lose billions. Even well-known virtual currencies from reputable trading platforms can crash and investors can lose their billions in the blink of an eye. Attorney General James states that the cryptocurrency market experienced a major correction last month that affected both established cryptocurrencies and new projects. In addition, she underlines the need to be careful that cryptocurrencies can bring more pain than gain for market participants. According to James, the probability of experiencing large losses as well as making plenty of profits is quite high. She emphasizes that steps should be taken carefully. In addition, Attorney General James notes that investors may have a hard time cashing out their investments during a major market crash, as cryptocurrency exchanges tend to shut down trading due to technical difficulties.