US Treasury says NFTs 'highly susceptible' to fraud, but ignored by high-tier criminals https://t.co/2Ap4fSnbQn
JUST IN: The SEC warns investors that "scammers often use innovations and new technologies like #crypto to perpetrate investment scams." They aren't wrong. Crypto is a scam—buy #Bitcoin https://t.co/ny9uH1chvD
NEW: 🇺🇸 SEC warns investors that “Fraudsters may conduct pump-and-dump schemes with crypto assets, including so-called “memecoins” that refer to popular culture or internet memes.” https://t.co/kay5gkcgd4

The U.S. Securities and Exchange Commission (SEC) has issued an investor alert warning about fraudulent activities involving 'memecoins,' pump-and-dump schemes, and presales in the crypto asset securities market. The SEC highlighted the risks posed by celebrities promoting these scams and emphasized the need for investor caution in the crypto space. Additionally, the U.S. Treasury Department released a report outlining the potential risks associated with NFTs, including concerns about terrorist financing, theft, and market manipulation.


