Binance’s Richard Teng urges investors to stay vigilant as scams and Ponzi schemes rise in the crypto market.
Binance CEO Warns Against Crypto Scams
Binance CEO Richard Teng has issued a crucial warning, urging investors to stay alert against Ponzi and pyramid schemes as scams surge during crypto bull runs.
Key Tips to Avoid Scams
Teng advises investors to thoroughly research projects, ignore unsolicited offers, and always verify before trusting any opportunity in the market.
Stay Safe from Ponzi and Pyramid Schemes · Research every investment · Ignore unsolicited offers · Question everything · Verify before you trust
Emotional Manipulation in Crypto Scams
Scammers prey on emotions, making it essential for traders and investors to remain cautious, especially as the crypto market gains momentum.
Bitcoin Scarcity Highlighted by Binance CEO
Teng also emphasized Bitcoin’s limited supply, reminding the community that only 21 million BTC exist for the world’s 8 billion people.
Just 21 million Bitcoin for all 8 billion of us.
France Investigates Binance for Alleged Misconduct
Meanwhile, French authorities have expanded their probe into Binance over suspected money laundering, tax evasion, and other illegal activities across the EU.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
