Russia: Hamster Kombat Project Deemed as Fraudulent, Ban Recommended

IconCryptoNewsTerminal Staff22 Jul, 2024

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Russia: Hamster Kombat Project Deemed as Fraudulent, Ban Recommended

Russian Official Calls for Hamster Kombat Ban Anatoly Aksakov, head of the Financial Market Committee of the Russian State Duma, has denounced Hamster Kombat (HMSTR) as a fraudulent project and called for its prohibition. The Telegram-based game, which has gained popularity recently, has been under fire for its alleged deceptive practices. Aksakov asserts that Hamster Kombat misleads investors and lacks a legitimate underlying asset. He believes that the project's structure and marketing tactics are designed to exploit unsuspecting individuals. The committee head urged regulatory authorities to take action against Hamster Kombat to protect potential victims.

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