SEC Warning: Shalom Coin Potential Fraud Risks
The Securities and Exchange Commission (SEC), Nigeria, has warned Nigerians against dealing with "Shalom Coin (SHLM)" digital token or its promoters due to potential fraud risks.
The SEC issued a disclaimer stating that SHLM is being promoted as an investment opportunity on the Ethereum Blockchain as an ERC-20 token.
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.
Author's summary: SEC warns Nigerians about Shalom Coin risks.