
FTC is probing digital asset firms over misleading ads: report
FTC revealed to Bloomberg it’s going after several companies over their ads, but withheld their names, months after Kim Kardashian settled with SEC for $1.3 million.
FTC revealed to Bloomberg it’s going after several companies over their ads, but withheld their names, months after Kim Kardashian settled with SEC for $1.3 million.
Scammers have defrauded over 46,000 people, with the median amount lost being $2,600, as bogus investment scams accounted for over half the losses, according to the U.S. Federal Trade Commission.
The regulators joined the initiative in a bid to provide better regulatory clarity and identify the opportunities and challenges facing the market.