Scammers have been taking advantage of unsuspecting investors in the crypto space ever since the crypto 2017 boom. The culprits have recently used the potentially dangerous Bitcoin investment platform to post news articles about a fake nonexistent advertisement that is aimed at swindling people.
Fake celebrity featured
Using the so-called “Bitcoin Profit” dedicated website the scammers have gone as far as incorporating into their marketing strategy, celebrity endorsements to lure would-be clients.
For instance, alleged testimonies of Andrew Forrest, an Australian businessman (commonly known as Twiggy) and actress Kate Winslet appeared in the economicsworld.info site.
The thing that made Bitcoin Profit be categorized as one of the most blatant scams known in the cryptocurrency underworld is the alleged backing from influential personalities like Bill Gates, Richard Branson and Elon Musk.
Interestingly, a balance sheet of alleged bitcoin investments and associated returns had been attached beside each celebrity’s photograph. The suspicious thing is that each celeb appears to have the same balance sheet even though the currency symbols are not the same. Even disturbing is that perpetrators claim that one of them got a return of $421,226 (4,110%) in a span of one week after having bought bitcoin worth $10,394.
After being informed about the scam by the Mirror, a United Kingdom-based daily news outlet, Winslet subsequently decided to complain that the perpetrators were using false statements together with her image without permission.
A spokesperson quoted in the publication even said:
“This misleading promotion is completely disingenuous and categorically false. We are dealing with this through the appropriate channels.”
The current scam operations that have affected Twitter cryptocurrency accounts also encompasses Bitcoin Profit. Unfortunately, fake entities have tried to trick novices into taking part in fake giveaways by impersonating well-known figures.
Even though regulators have constantly warned about the emergence of new suspicious schemes, the lack of technical understanding concerning cryptocurrency usually puts clients to potential risks.