Warren Buffet’s Berkshire Hathaway warns of scam crypto site with same name

Berkshire Hathaway, the investment conglomerate run by billionaire Warren Buffet, has issued a warning about a fake cryptocurrency website that uses the Berkshire Hathway name, without having any affiliation with the company.

See related article:Bitcoin price falls to more than two-year low amid growing concerns about FTX fallout

Fast facts

• “Earlier this afternoon it came to our attention that there is an entity using the name Berkshire Hathaway with a web address of berkshirehathawaytx.com,” said Friday’s press release. ”The entity who has this web address has no affiliation with Berkshire Hathaway Inc. or its Chairman and CEO, Warren E. Buffett.”

• The fake website masquerades as a crypto exchange and mining platform that offers fixed investment packages in crypto and precious metals, with a guaranteed daily return on investments of up to 50%.

• The scam is also apparent from the fake exchange’s footer, which claims to be regulated by multiple international regulators, some of which are spelled wrong. The site does not appear on the homepage of any of the mentioned regulators.

• Warren Buffet has been a long-time crypto skeptic, having called Bitcoin “rat poison squared” in 2018.

See related article: FTX failed because of humans, not crypto