Home Bitcoin Scams News Billionaire Richard Branson Richard Branson Warns Towards Pretend Bitcoin Rip-off Tales

Billionaire Richard Branson Richard Branson Warns Towards Pretend Bitcoin Rip-off Tales

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Billionaire Richard Branson Richard Branson Warns Towards Pretend Bitcoin Rip-off Tales

News | Could 7, 2018By:

Virgin Group founder Richard Branson has warned the general public towards cryptocurrency scams that impersonate him to lure victims.

In a weblog submit titled “Watch out for Pretend Bitcoin Scams,” Branson warns of a rising drawback of pretend tales on-line linking him to get-rich-quick schemes, faux pages, deceptive advertisements, false endorsements and pretend binary buying and selling schemes.

“A number of the most common and worrying faux tales at the moment spreading on-line are false endorsements of bitcoin buying and selling schemes,” Branson mentioned. “Whereas I’ve typically commented on the potential advantages of real bitcoin developments, I completely don’t endorse these faux bitcoin tales.”

The enterprise magnate notes that the faux articles typically have titles involving “quitting your job and yours really investing in bitcoin monetary tech.” The rip-off websites typically impersonate well-known information retailers, equivalent to CNN, to make them appear extra legit.

“Chances are you’ll come throughout these websites by way of hyperlinks marketed on numerous social media websites and paid for advertisements,” he mentioned. “They hyperlink by way of to rip-off websites like Bitcoin Dealer, and in addition characteristic faux endorsements by the likes of Invoice Gates alongside myself.”

Branson mentioned that Virgin Group’s authorized group has handled “tons of of cases” of those scams over the previous yr alone, including that the agency has additionally pressured social media platforms to take the tales down and do extra to proactively cease them showing within the first place.

“We’d advise everybody to stay vigilant,” Branson mentioned. “Test you might be solely clicking by way of to legit websites, with official web site addresses and verified social media accounts. A easy examine to do is to see if the story you might be studying comes from an official Virgin web site. All of my social networks are verified with blue ticks, so you’ll be able to inform it’s actually me speaking with you.”

Different publicly recognizable determine have additionally made statements cryptocurrency-related scams faking their endorsements. Final month, Martin Lewis, a millionaire British shopper rights champion and tv persona, sued Fb for accepting faux advertisements that includes his photograph.

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