TikTok has developed into a centre for financial advice as its user base grows, especially in the area of cryptocurrency. But according to new studies, a lot of films spread false information or scams. In a recent study, it was shown that more than one out of three TikTok influencers posted false videos on Bitcoin and cryptocurrency investments.
37% of the videos reviewed were considered misleading because they suggested guaranteed returns or promoted certain investments without the necessary disclaimers.
Also, 47% of TikTok creators were discovered trying to sell services in order to make a profit. It has also been claimed that popular influencers including Kim Kardashian, Jake Paul, and Soulja Boy promoted cryptocurrency to their devoted followings without reporting money they received.
As TikTok becomes increasingly
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First found on: Almost 40% of TikTok videos about crypto investments are misleading
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