​ Emomotimi Agama also stated that the SEC will continue to caution users about the potential risks of investing in this asset class. 

​ The U.S. Federal Trade Commission (FTC) has warned consumers about a surge in social media investment scams, especially in cryptocurrency. 

​ The app claimed to be a legitimate crypto wallet but was designed to steal users’ private keys, granting Sklyuev access to their funds.