“Consumers are increasingly being promised ‘get rich quick’ investments by ads and influencers on social media,” Director General Monique Goyens said in a statement. “Unfortunately, in most cases, these claims are too good to be true and consumers are at a high risk of losing a lot of money without recourse to justice.”

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• Source: https://www.coindesk.com/policy/2023/06/08/social-media-targeted-in-eu-consumer-group-complaint-about-crypto-ads/?utm_medium=referral&utm_source=rss&utm_campaign=headlines