The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are both warning about emerging digital currency scams. Below are a few ways to protect yourself;
- Find multiple sources about the coin or token, especially if you heard about it on social media.
- Tread lightly with ads that promise quick wealth. Research thoroughly any virtual currency, digital coins and all ICO's to separate hype from facts.
- Remember that there is no such thing as a guaranteed investment. Beware of 'no risk' investments.
- Contact the CFTC at (866) 366-2382 or visit CFTC.gov if you believe you have been a victim of fraud.
Source: Forbes
most people dont bother to read from multiple sources. la la land ;]
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