PANews reported on July 19 that Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), issued an investor warning on the X platform, saying that fraudsters may use five methods to lure victims into participating in scams involving crypto asset securities, and that fraudsters often use emerging technologies such as encryption to commit investment fraud. The link cited by Gensler is an investor alert issued by the SEC on May 29 this year. The five methods mentioned include contacting victims through social media platforms or text messages and winning their trust, using the hype of emerging technologies such as artificial intelligence (AI), fraudsters impersonating or using reliable sources, raising prices and then selling, and paying extra fees to falsely claim that they can help victims withdraw cash.