In a recent news alert, the Investor Education and Advocacy Office of the U.S. Securities and Exchange Commission (SEC) issued an investor warning regarding 5 ways fraudsters lure victims into cryptocurrency scams:
1. Fraudsters contact individuals through social media platforms or text messages to gain their trust.
2. Fraudsters exploit emerging technologies, such as AI, to manipulate the market.
3. Fraudsters impersonate or hack into trusted sources.
4. Fraudsters may artificially inflate the price of cryptocurrencies, including so-called “memecoins,” and then sell them for profit.
5. Fraudsters demand additional fees and falsely claim to be able to facilitate withdrawals or recover losses from user accounts.
Tags:
SEC
scams
Source link:
https://www.investor.gov/introduction-investing/general-resources/news-alerts/…
Disclaimer: All articles on BitPush News represent the author’s opinion and do not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6832559
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