SEC Warning: Shalom Coin Potential Fraud Risks
The Securities and Exchange Commission (SEC) in Nigeria has warned citizens against engaging with "Shalom Coin (SHLM)" digital token or its promoters 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 to alert the public about the potential risks associated with Shalom Coin.
- Shalom Coin (SHLM) is promoted as an investment opportunity.
- It is purportedly issued on the Ethereum Blockchain as an ERC-20 token.
Author's summary: SEC warns Nigerians of Shalom Coin fraud risks.