Warren Buffett’s company Berkshire Hathaway Inc. issued a warning to investors on Friday stating that it is not associated with a fictitious cryptocurrency brokerage website using the Berkshire Hathaway brand.
It uses the wrong names for two regulators and claims the broker is regulated in the US, UK, Cyprus, and South Africa while including ostensibly positive customer testimonials. In contrast to Buffett’s company, it uses a different email format.
According to the website’s operator, a broker with headquarters in Texas and a founding date of 2020, cryptocurrency mining investments offer investors “the chance to achieve a 100% passive income from investment.”
Buffett has long been dubious of cryptocurrencies and referred to bitcoin as “rat poison squared” in 2018.
The owner of this web domain “has no association with Warren E. Buffett, Chairman and CEO of Berkshire Hathaway Inc.,” according to Berkshire.
Buffett’s business said in a statement that it discovered the berkshirehathawaytx.com website on Friday afternoon.
Requests for comments were not immediately answered by the website’s owner.
Since 1965, Buffett has been the company’s president and CEO.
The conglomerate, which is based in Omaha, Nebraska, controls a number of businesses, such as the BNSF railroad and the Geico auto insurer, and as of September 30, it held more than $306 billion in equity.
- Warning from Berkshire about cryptocurrency website using its name
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