Friday, December 27

Electric Capital Raises Alarm on Crypto Scams Targeting Entrepreneurs

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Electric Capital, a popular equity capital company, has actually cautioned about an advanced fraud operation targeting prospective financiers.

Avichal Garg, Co-Founder and General Partner of Electric Capital, exposed in a current post the disconcerting methods being used by fraudsters.

Electric Capital Exposes Sophisticated Crypto Scam

According to Garg, the scammers are masquerading as agents of Electric Capital, managing conferences and deceitfully encouraging people to send out cash in advance of financial investments.

Fraudsters are pretending to be @ElectricCapital, setting up conferences, and asking individuals to send them cash before investing.

Electric Capital will * never ever * ask you to send out cash before getting a financial investment.

We will never ever connect cold through Telegram. We nearly …

— Avichal– Electric ϟ Capital (@avichal) November 27, 2023

Highlighting the intensity of the circumstance, Garg highlighted, “Electric Capital will never ever ask you to send out cash before getting a financial investment.”

He clarified that the company does not take part in cold outreach through Telegram and normally contacts individuals through shared associates. Garg even more kept in mind that all Electric Capital staff members are linked to him on LinkedIn, using an extra layer of confirmation for careful financiers.

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