Alexa Berkshire Hathaway warns about namesake crypto website
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Berkshire Hathaway warns about namesake crypto website


Cryptocurrency

Berkshire Hathaway warns about namesake crypto website

Billionaire Warren Buffet’s Berkshire Hathaway Inc. warned investors it has no affiliation with an alleged cryptocurrency brokerage website using the Berkshire Hathaway name.

The website describes its operator as a Texas-based broker established in 2020 to provide investors an opportunity to achieve a completely passive income from cryptocurrency mining investments.

The website includes claimed customer testimonials and states the broker is regulated in the United States, Cyprus, the United Kingdom, and South Africa, using the wrong names for two regulators. Its email format differs from that of Buffet’s firm.

Warren Buffet has long been cynical of cryptocurrency, and in 2018 called bitcoin “rat-poison squared.”

In a statement, Buffet’s Berkshire Hathaway said it learned of the website, berkshirehathawaytx.com, even existed on Friday afternoon.

Buffet’s Berkshire said the entity that held the web address had no affiliation with Berkshire Hathaway Inc., or its Chairman and CEO, Warren E. Buffet.

Warren Buffet has operated Berkshire Hathaway Inc., since 1965.

Based in Omaha, Nebraska, the conglomerate owns several dozen firms including Geico auto insurer and the BSNF railroad, and as of 30 September, 2022 owned over $306 billion in stocks.

Cryptocurrency has come under severe scrutiny recently due to the financial irregularities at the crypto exchange FTX.


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