The Securities and Exchange Commission (SEC) has issued a stern warning to the Nigerian public regarding the ongoing unauthorized presale of a cryptocurrency called Punisher Coin, also known as $PUN.
The Commission, in a public notice published on its website, disclosed that Punisher Coin is being advertised through various online platforms despite not being registered or approved for public issuance in Nigeria.
“The promoters or issuers of ‘Punisher Coin’ aka ‘$PUN’ are NOT REGISTERED to operate in any capacity in the Nigerian Capital Market,” the SEC stated.
