New Crypto Scam Uses Bear Grylls For Fake Celebrity Endorsements
According To Reports, “Bitcoin Era” Has Been Exposed Trying To Lure Victims In to Invest In Its Automated Trading App While Using Bear Grylls’ Name To Gain Credibility.
While cryptocurrencies are a great potential investment channel, the magnitude of crypto scams have surged ever since the global pandemic struck at the beginning of this year. Scammers across the world are coming up with various trading platforms, luring people to invest and make money while they are locked down in their homes amid the COVID-19 pandemic.
According to the latest reports, another such platform named Bitcoin Era is utilizing celebrity credentials to reach the masses. Users searching for topics like ‘Making money by Online Trading’ are being exposed to fake news articles leading to this fraudulent website. These fake news pieces explain how prominent celebrities are making money on the platform through its Bitcoin Scheme. Recently, Bitcoin Era framed popular television presenter Bear Grylls in one of its fake articles claiming that he made a ton of money through its unique trading algorithm. Bitcoin Era also linked other prominent names to its scams – Cyril Ramaphosa, Tony Fernandez, David ‘Kochie’ Koch, AC Mizal, etc.
About The Scam
This website is one of the highest trending crypto scams as of now. It has positioned itself as an exclusive Bitcoin Millionaires’ Club. According to its claims, the club is currently offering member access, that will allow users to trade Bitcoin using an automated trading app, which has a 99.4% accuracy.
This software has a recycled sales pitch video designed to lure crypto enthusiasts to join its scheme. However, if the claims are ‘too good to be true’ – no fees, no risk, guaranteed returns – then it’s best to avoid.
Crypto scams like Bitcoin Era are usually well-funded and are part of a larger chain of scams. It’s also safe to assume that the huge exposure on media outlets in the form of luring advertisements is related to offshore investment schemes which are not licensed. These schemes are designed to bait potential opportunity-seekers and get them to fund trading accounts – only to vanish with the huge amount of investments made by amateur and inexperienced people. Needless to say, these types of scams are completely anonymous and hold no credibility at all.
Creating fake news by linking prominent celebrities is an age-old method of gaining credibility, and this case is no exception. It has circulated fake information about Bear Grylls being involved in its Bitcoin Scheme.
However, Bear Grylls has recently made a public announcement, denying his link with any such crypto-oriented scam, and advised people to stay away from such fraudulent platforms.