{"id":14706,"date":"2022-11-22T08:53:53","date_gmt":"2022-11-22T08:53:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/warren-buffetts-berkshire-hathaway-warns-about-crypto-exchange-website-using-its-name-featured-bitcoin-news\/"},"modified":"2022-11-22T08:53:53","modified_gmt":"2022-11-22T08:53:53","slug":"warren-buffetts-berkshire-hathaway-warns-about-crypto-exchange-website-using-its-name-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/warren-buffetts-berkshire-hathaway-warns-about-crypto-exchange-website-using-its-name-featured-bitcoin-news\/","title":{"rendered":"Warren Buffett’s Berkshire Hathaway Warns About Crypto Exchange Website Using Its Name \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The Warren Buffett-led Berkshire Hathaway has issued a statement warning that a cryptocurrency exchange website is using its name. The company stressed that the crypto firm has no affiliation with Berkshire Hathaway Inc. or its chairman and CEO, Warren E. Buffett.
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Berkshire Hathaway Warns About a Crypto Website<\/h2>\n

Berkshire Hathaway Inc. warned Friday that a crypto exchange website is using its name. \u201cEarlier this afternoon it came to our attention that there is an entity using the name Berkshire Hathaway,\u201d the company stated, elaborating:<\/p>\n

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The entity \u2026 has no affiliation with Berkshire Hathaway Inc. or its chairman and CEO, Warren E. Buffett.<\/p>\n<\/blockquote>\n

The landing page of the crypto site in question indicates that the company is a bitcoin exchange. \u201cBerkshire Hathaway is a Texas-based company created to give our investors the opportunity to achieve a completely passive income from investment in cryptocurrency mining,\u201d the website\u2019s front page details.<\/p>\n

\"Warren<\/a>
The landing page of the \u201cBerkshire Hathaway\u201d bitcoin exchange website.<\/figcaption><\/figure>\n

The website advertises:<\/p>\n

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You will get profit every day on an ongoing basis.<\/p>\n<\/blockquote>\n

Berkshire Hathaway CEO Warren Buffett and Vice Chair Charlie Munger are both bitcoin and crypto skeptics. Buffett previously said that the cryptocurrency is \u201crat poison squared.\u201d<\/p>\n

Munger has called bitcoin \u201crat poison\u201d and \u201ccontrary<\/a> to the interest of civilization.\u201d He even compared BTC<\/a> to venereal disease<\/a>. In July, he recommended<\/a> avoiding bitcoin as if \u201cit were an open sewer, full of malicious organisms.\u201d In addition, the Berkshire Hathaway executive believes that governments should ban<\/a> cryptocurrencies.<\/p>\n

Typical Scam Website<\/h2>\n

The Berkshire Hathaway crypto exchange website exhibits many signs of being a scam, similar to several schemes Bitcoin.com News previously warned about, including Bitcoin Revolution<\/a>, Bitcoin Superstar, Bitcoin Era<\/a>, and Bitcoin Loophole<\/a>.<\/p>\n

For example, the platform has an upfront cost. The site lists seven investment plans costing between $1,000 and $70,000. Each plan claims to allow users to invest and earn up to a certain amount. The plans also guarantee that users will \u201cprofit every day on an ongoing basis.\u201d The website further shows a list of users who supposedly made tons of money using the system.<\/p>\n

The contact address listed on the website belongs to a single-family home, and no phone number is listed. The contact email uses the web address of Warren Buffett\u2019s Berkshire Hathaway.<\/p>\n

The site also claims to be \u201cregulated by several financial authorities,\u201d including the U.K. Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the U.S. Department of the Treasury\u2019s Financial Crimes Enforcement Network (FinCEN). However, the Berkshire crypto website is not listed on any of the above regulators\u2019 approved lists.<\/p>\n

Many regulators worldwide have warned that scammers often falsely claim to be registered with them. However, funds uploaded to any of these websites are unlikely to be seen again.<\/p>\n

What do you think about the scam crypto site using the name of Warren Buffett\u2019s Berkshire Hathaway to promote its scheme? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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