Watch Out! Dogecoin Creator Warns Of Exploding Social Media Ad Scams
Dogecoin creator Billy Markus, the internet personality also known as “Shibetoshi Nakamoto,” fired a shot across the bow of social media advertising with a recent critique. Markus, a major figure in the cryptocurrency world, took to his favorite platform, X, to express his frustration with the prevalence of scam ads. This issue has long been […]
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The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “Social media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge in reports,” said the FTC.
Federal Trade Commission Warns of Crypto Scams Utilizing Social Media
The U.S. Federal Trade Commission (FTC) published a “Consumer Protection Data Spotlight” last week, warning the public about scams, including crypto investment scams,....
Lloyds Bank has issued a stark warning as crypto scams spike by 23% this year, revealing that victims are losing an average of £10,741. The report highlights the alarming trend of two-thirds of these scams originating on social media platforms. The data underscores the urgent need for increased awareness and regulatory measures in the cryptocurrency […]
Data shows social media attention has recently been shifting from Bitcoin and other major assets to meme-based tokens like Dogecoin. Dogecoin & Other Top Memecoins Have Seen A Spike In Social Dominance In a new Insight post, the on-chain analytics firm Santiment has talked about how the Social Dominance has changed for the different sides […]
Many people might be smitten with Elon Musk on Twitter, but one of the co-founders of Dogecoin is not. Jackson Palmer criticized the Tesla and SpaceX big boss, who has frequently endorsed the meme currency on social media, resulting in a large increase in its value in recent months. In an interview with media outlet Crikey, the […]
The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrolling through Tiktok when you come across a video showing a pile of cash. The creator says they earned the stack of money in just a few days by investing in cryptocurrency,” the BBB detailed.
Crypto Scammers Defrauding Tiktok Users
The Better Business Bureau (BBB) warned of cryptocurrency scams on the popular video-hosting platform Tiktok Friday. Founded in 1912, the BBB is a private, nonprofit organization that empowered people to find businesses, brands, and charities....