The Securities and Exchange Commission has warned Nigerians to steer clear of investing in an unauthorized cryptocurrency called Punisher Coin or $PUN.
In a public notice published on its website, the Commission noted that Punisher Coin is currently not registered in Nigeria despite being advertised through various online platforms.
Accordingly, the Securities and Exchange Commission advised the public to refrain from engaging in the purported presale of Punisher Coin, as any person who invests in the scheme does so at his or her own risk.
The Commission similarly reminded the investing public of the need to always verify the authenticity of crypto, virtual, or digital assets, the registration status of their promoters, and trading platforms via the Commission’s dedicated portal before engaging in any form of virtual or digital assets investment.
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