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

Billionaire Richard Branson Warns Towards Pretend Bitcoin Rip-off Tales

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Billionaire Richard Branson Warns Towards Pretend Bitcoin Rip-off Tales

News | Might 7, 2018By:

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

In a weblog put up 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, pretend pages, deceptive adverts, false endorsements and faux binary buying and selling schemes.

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

The enterprise magnate notes that the pretend 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 shops, resembling CNN, to make them appear extra respectable.

“You might come throughout these websites through hyperlinks marketed on numerous social media websites and paid for adverts,” he stated. “They hyperlink via to rip-off websites like Bitcoin Dealer, and in addition characteristic pretend endorsements by the likes of Invoice Gates alongside myself.”

Branson stated that Virgin Group’s authorized group has handled “lots 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 might advise everybody to stay vigilant,” Branson stated. “Verify you’re solely clicking via to respectable websites, with official web site addresses and verified social media accounts. A easy test to do is to see if the story you’re 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 about crypto-related scams faking their endorsements. Final month, Martin Lewis, a millionaire British client rights champion and tv character, sued Fb for accepting pretend adverts that includes his picture.

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