SEC Chairman Warns Investors of Five Common Encryption Fraud Types

Golden Finance reported that Gary Gensler, Chairman of the Securities and Exchange Commission (SEC) of the United States, issued an investor warning on X platform, warning that scammers may use five methods to lure victims into encryption asset securities eyewash. The SEC of the United States stated that scammers often use emerging technologies such as cryptocurrency to commit investment fraud. The warning was described in detail, outlining common types of cryptocurrency scams:

1. Promising high returns and low risks. 2. Unlicensed sellers. 3. False recommendations and endorsements. 4. Manipulative trading strategies. 5. Phishing scams.