Warning of the "extreme risks" of cryptocurrencies, New York State Attorney General Letitia James published a statement Monday saying investing in digital assets is "not prudent."
James' tweet comes after her office released an "alert to investors" of the risks involved in cryptocurrency markets. The memo includes risks such as "underlying value is highly subjective and unpredictable," "increased risk of market manipulation," and potential difficulties in cashing out of investments.
A spokesperson did not immediately return a request for comment.
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