FCA: Crypto Scams are Tricking Traders With Fake Celebrity Endorsements

[kreslik.news]

The Financial Conduct Authority (FCA) has warned that cryptocurrency scams are using images of celebrities and London addresses from wealthy areas to trick investors into investing with dodgy companies.

The warning from the British regulator was first made earlier this year in June but it has reposted the warning on its website again today. This is because the watchdog has seen a rising number of investment scam reports, where companies are claiming to offer high returns.

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As cryptocurrencies aren’t regulated, investors need to be extra careful when ... (read more)