Gary Gensler, chairperson of the Securities Exchange Commission, issued an investor alert on the X platform, warning of five ways that scammers could lure victims into scams involving crypto-asset securities. According to the Securities Exchange Commission, scammers often use emerging technologies such as cryptocurrencies to commit investment scams. And detailed the alert, outlining common types of cryptocurrency scams: 1. Promise of high returns and low risk. 2. Unlicensed sellers. 3. False recommendations and endorsements. 4. Manipulative trading strategies. 5. Phishing scams.