Warren Buffett’s Berkshire warns of fake crypto website using his name


Warren Buffett’s Berkshire warns of crypto website using his name

Berkshire Hathaway Inc, run by billionaire Warren Buffett, warned investors on Friday that it has no affiliation with an alleged cryptocurrency brokerage website using the Berkshire Hathaway name.

The website describes its operator as a Texas-based broker founded in 2020 to give investors “an opportunity to earn a full passive income from cryptocurrency mining investments.”

It contains alleged customer testimonials and says the broker is regulated in the United States, United Kingdom, Cyprus and South Africa, with incorrect names for two regulators. The email format differs from Buffett’s company.

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Buffett was skeptical about crypto for a long time and in 2018 called bitcoin “rat poison squared”.

In a statement, Buffett’s company said it learned of the website, berkshirehathawaytx.com, on Friday afternoon.

“The entity that has this web address has no affiliation with Berkshire Hathaway Inc or its chairman and CEO, Warren E. Buffett,” Berkshire said.

The website’s administrator did not immediately respond to requests for comment.

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Buffett has led Berkshire Hathaway Inc since 1965.

The Omaha, Nebraska-based conglomerate owns several dozen companies, including BNSF railroad and Geico auto insurer, and owned more than $306 billion in stock as of Sept. 30.

Cryptocurrency has recently come under scrutiny again.

This week, US crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange, including NFL quarterback Tom Brady and comedian Larry David, alleging they engaged in deceptive practices to sell FTX revenue-bearing digital currency accounts. to sell.

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FTX has filed for bankruptcy and is under scrutiny by US authorities amid reports that $10 billion in client assets have been transferred from FTX to Bankman-Fried’s trading firm Alameda Research.

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