Investors that heed finfluencers, trade crypto easier to scam
The excerpt released Tuesday looked at investors’ vulnerability to scams with a question about a hypothetical investment opportunity that carries common red flags of fraud — a scheme that promises high returns with no risk.
The survey found that meme stock investors are most vulnerable to these kinds of pitches, with 77% saying they would invest in the hypothetical investment — versus 45% of investors that haven’t bought into meme stocks.
Similarly, the study found that 65% of crypto investors are interested in the shady investment, compared with 44% of non-crypto investors. Of respondents that follow finfluencers’ advice, 72% said they would invest, as would 69% of those that rely on social media for…
