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Regulators crack down on suspicious cryptocurrency funding schemes

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Posing as members of the general public, investigators found roughly 30,000 cryptocurrency-related domains in current weeks, most of which had been registered prior to now yr as the worth of bitcoin soared above $19,000. (Bitcoin’s value has since fallen to lower than $9,000.) Lots of the alleged scams use faux addresses, slick advertising supplies and guarantees of over four% each day curiosity, regulators stated. Just a few have used unauthorized photographs of high-profile people, resembling Supreme Courtroom Justice Ruth Bader Ginsburg, to painting themselves as above-board.

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