FTC Issues Consumer Alert On Cryptocurrency Scams

According to Odaily, the Federal Trade Commission (FTC) of the United States issued a consumer alert on Monday, cautioning the public to be wary of cryptocurrency scams. The FTC emphasized that if individuals encounter people online offering assistance with cryptocurrency investments, it is likely a scam. The commission further added that these fraudsters promise high returns, claim there are no risks, and provide investment strategies. However, all investments carry inherent risks, and the so-called guaranteed returns are not credible. The FTC's warning serves as a reminder to the public to be vigilant when dealing with cryptocurrency investments and to be skeptical of promises of high returns with no risk.