US EditionScam Alert: SEC Warns Nigerians Against Investing in Punisher Coin
- On Sunday, June 9, 2025, the Nigerian Securities and Exchange Commission alerted the public to avoid participating in the unauthorized presale of a digital currency referred to as $PUN, warning that it lacks regulatory approval.
- The SEC issued a warning after determining that the presale did not have regulatory authorization and that the promoters lack the necessary registration to conduct activities within Nigeria's capital market.
- Preliminary investigations classified Punisher Coin as a meme coin typically driven by hype, lacking tangible utility, and vulnerable to pump and dump schemes.
- The SEC has alerted the public about unauthorized presale activities involving a digital asset named Punisher Coin, symbolized as $PUN, and emphasized that investing in it carries significant personal risk.
- The warning implies that investors should verify the legitimacy of digital assets and promoters, as investing in Punisher Coin could expose the public to significant financial risks.
17 Articles
17 Articles
SEC warns against SPUN, another suspected ponzi scheme targeting Nigerians
SEC says the promoters of $PUN are not registered to operate in any capacity within Nigeria’s capital market. The post SEC warns against SPUN, another suspected ponzi scheme targeting Nigerians appeared first on Premium Times Nigeria.
Scam alert: SEC warns Nigerians against investing in Punisher Coin
The Securities and Exchange Commission, SEC, has cautioned Nigerians against investing in a cryptocurrency called Punisher Coin, also known by the symbol $PUN. In a statement issued on Sunday in Lagos, the SEC said the presale was unauthorised and lacked regulatory approval, resembling a Ponzi scheme. It added that the promoters of $PUN are not registered to operate in any capacity within Nigeria’s capital market. “Our attention has been drawn t…
SEC Warns Nigerians Against Investing In Punisher Coin, $SPUN – ThepodiummediaWhatsApp
The Securities and Exchange Commission (SEC) has warned Nigerians to steer clear of investing in an unauthorised cryptocurrency called Punisher Coin or $PUN. In a public notice published on its website, the commission noted that Punisher Coin is currently not registered in Nigeria despite being advertised through various online platforms. “The commission hereby informs the public that the promoters or issuers of “Punisher Coin” aka “$PUN” are no…
SEC warns against investing in Punisher Coin ($PUN) Business Hallmark
The Securities and Exchange Commission (SEC) has warned Nigerians against investing in an unauthorized presale of Crypto coin termed “PUNISHER COIN” also known as “$PUN”. In a notice on the official website of SEC, the commission stated thus: “The attention of the Securities and Exchange Commission (SEC) has been drawn to several online publications advertising […] The post SEC warns against investing in Punisher Coin ($PUN) first appeared on Bu…
$PUN: SEC Warns Nigerians against Investing in Punisher Coin - Tech
The Securities and Exchange Commission (SEC) has warned Nigerians over investing in the cryptocurrency known as Punisher Coin, or $PUN. The commission said it is due to its unauthorised presale and lack of regulatory approval. In a public notice, SEC stated that the promoters or issuers of $PUN are not registered to operate in any capacity within the Nigerian capital market. The commission stated that “the attention of the Securities and Exchan…
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