The Montenegro Capital Market Authority issued a public warning that cryptocurrency trading promoted on Instagram via the Spectra X platform is fraudulent. The Authority said Spectra X uses false information to gain trust, including claims that the country’s president and ministers are involved. It urged the public to be cautious, avoid falling for such schemes, and verify authorised capital market participants through the Authority’s official website before investing.
Montenegro Capital Market Authority 2025-01-15
Montenegro Capital Market Authority warns of Instagram crypto trading scam linked to Spectra X platform
The Montenegro Capital Market Authority has issued a warning about fraudulent cryptocurrency trading promoted on Instagram via the Spectra X platform. Spectra X allegedly uses false claims involving the country's president and ministers to gain trust. The Authority advises the public to verify authorised capital market participants on its official website before investing.