No association with cryptocurrency, declares Ratan Tata to warn against scams

Tata Sons Chairman, Ratan Tata, has taken to Twitter to address speculations and clarify that he has no associations with any form of cryptocurrency.

In a tweet, he urged netizens to stay vigilant and stated, "I request netizens to please stay aware. I have no associations with cryptocurrency of any form." The 85-year-old industrialist further emphasized that any articles or advertisements claiming his involvement or investment with cryptocurrency are completely false and designed to deceive citizens.

"This is an extremely important announcement. If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens," he wrote. He also shared an example in the post.

Responding to Tata's tweet, a user expressed trust in his integrity, saying, "Definitely sir, we know about you a little bit, that's why we never trust these types of ads and applications." Another user appreciated Tata's clarification on the matter, acknowledging the importance of raising awareness about the risks associated with investing in cryptocurrencies. The user stated, "Thank you for clarifying your position on cryptocurrency, Mr. Tata. It is important for people to be aware of the risks associated with investing in cryptocurrencies, and to be wary of any scams or schemes that may be associated with them. I appreciate you taking the time to warn."

Recently, Anand Mahindra, Chairman of Mahindra Group, also took to Twitter to debunk fake news circulating about his investments in cryptocurrencies. He straightforwardly stated, "Ironically, I've not invested a single rupee in cryptos."