Berkshire Hathaway warned about the eponymous fraudulent crypto exchange

The investment giant has warned of a fraudulent Bitcoin trading platform posing as Berkshire Hathaway.

Berkshire Hathaway management said that neither the company nor its CEO Warren Buffett have anything to do with the crypto platform. The fake website states that Berkshire Hathaway is a Texas-based bitcoin trading company. The creators of the site promise investors a daily passive income from investments in mining and cryptocurrencies.

The site presents seven investment packages from $1,000 to $70,000, depending on the investment in which investors are promised different returns. There is a list of users who allegedly were able to earn big money with this investment scheme. It turned out that the address indicated in the contacts on the fake site belongs to a certain private house, and the phone number was not indicated at all. Moreover, in the emails sent by scammers, the real address of the Berkshire Hathaway website is indicated in order to inspire the confidence of potential investors.

The organizers of the scheme claim that their project is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the US Financial Crime Enforcement Network (FinCEN). However, this site is not listed on any of the regulator-approved lists of companies.

Berkshire Hathaway executives are skeptical about cryptocurrencies. Billionaire Warren Buffett called bitcoin rat poison, saying that the first cryptocurrency only attracts charlatans. And recently, Berkshire Hathaway Vice President Charlie Munger declared hatred for bitcoin supporters.

In July, the US Federal Bureau of Investigation (FBI) warned of an increase in the number of fraudulent cryptocurrency applications impersonating legitimate financial institutions.

Source: Bits

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