SEC Warning: Shalom Coin Potential Fraud Risks
The Securities and Exchange Commission (SEC) in Nigeria has warned citizens against engaging with "Shalom Coin (SHLM)" due to potential fraud risks.
The attention of the Securities and Exchange Commission, Nigeria (“the Commission”) has been drawn to the activities of certain cryptocurrency promoters advertising a digital token known as ‘Shalom Coin (SHLM)’ as an investment opportunity purportedly issued on the Ethereum Blockchain as an ERC-20 token.
The SEC issued a disclaimer stressing that SHLM is promoted as an investment opportunity on the Ethereum Blockchain.
Author's summary: SEC warns Nigerians about Shalom Coin fraud risks.
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