‘Crypto Mom’ Peirce Issues Scam Warning

said US Securities and Exchange Commission Hester Peirce taken To social media platform X to warn about a fake profile on Telegram impersonating her.

“The person claiming to be me is trying to deceive people,” Pierce said.

However, one would have to be extremely naive to believe that Pierce is (for some mysterious reason) slipping into his DMs to promote a random coin or phony giveaway.

As U.Today reported, a similar warning was recently issued by Binance CEO Changpeng Zhao, who clarified that he does not have a Telegram account. CZ complained that he couldn’t use Telegram because his phone was constantly bombarded with spam that he couldn’t disable.

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The problem is that Telegram does not allow blocking direct messages from random users who know your name, which is why public figures tend to stay away from the popular messenger (or at least refrain from revealing their handles to the general public).

The “mother of encryption” requires accountability

Known as the “Mother of Cryptocurrencies,” Pierce has been a vocal proponent of cryptocurrencies at the SEC for years.

Despite the fact that the SEC has abandoned the widely criticized “regulation through enforcement” approach championed by former Chairman Gensler and dropped various cases against cryptocurrency companies, Pierce made it clear that the agency would not have much tolerance for bad actors during the Bitcoin Conference in Las Vegas, which took place in May.

It also stated that speculators should not expect government bailouts when dealing with cryptocurrencies or other questionable crypto assets.