Richard Teng, the CEO of Binance, issued a caution on social media about the rise of sophisticated scams in the digital currency sector and provided guidance for investors. He emphasized the need for investors to steer clear of Ponzi and pyramid schemes, carefully scrutinize any investment, and ignore unsolicited offers. Teng also highlighted the importance of regulatory transparency in the digital currency industry, stating that clear laws can protect investors and strengthen sustainable growth. At a recent World Economic Forum in Davos, Teng expressed hope that Bitcoin would reach its all-time high by 2025, attributing this prediction to regulatory changes in the United States under President Donald Trump’s administration. With the increasing prevalence of scam schemes, Teng’s recommendations serve as a timely reminder for investors to prioritize caution and thorough examination.
