According to Odaily Planet Daily, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, issued an investor warning, warning that scammers may lure victims into crypto asset securities scams in five ways. The U.S. Securities and Exchange Commission said that scammers often use emerging technologies such as cryptocurrencies to commit investment fraud. Common types of cryptocurrency scams include: 1. Promises of high returns and low risks. 2. Unlicensed sellers. 3. False recommendations and endorsements. 4. Manipulative trading strategies. 5. Phishing scams.