The US FTC (FTC) has warned consumers about a surge in social media investment scams, especially for cryptocurrency investments. These scams involve fraudulent messages that claim to guarantee high returns and have little to no risk. The FTC advises against disregarding such messages and reminds consumers that all investments carry inherent risks.
The US Federal Trade Commission (FTC) issued a consumer warning on Friday. The warning was written by Andrew Rayo, a consumer education expert at the Federal Trade Commission, who said breaking information about investments on social media is almost always a scam.
The FTC has issued a warning to consumers about the surge in social media investment scams, particularly for cryptocurrency investments
2024-06-29 18:55:25
United States federal trade commission ftc social media investment fraud fraud increase directiondesk3cryptocurrencydesktopCrypto News
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