Bitcoin

Identity of the Host of “The Grand Tour” Show used for Bitcoin Scams

Although the value of bitcoin has driven the bad actors to a great extent, scammers are further using bitcoin’s popularity along with the popularity of famed celebrities to trap locals. Unhesitantly using the identities of famous personalities to spread false news and the trap the locals, bitcoin scammers recently utilized the identity of a famous superstar, Jeremy Clarkson, the host of “The Grand Tour”, to carry a bitcoin scam.

The significance of bitcoin can be estimated by the actions of scammers and hackers in the space who are continuously trying to capitalize by cashing in the fame of bitcoin through illicit means. Besides Clarkson, scammers tried to deceive several people by using fake endorsements from X Factor and Britain’s Got Talent judge Simon Cowell as well.

Scammers promoting a cryptocurrency project tried to give the impression that the project was supported or liked by Clarkson and Cowell. However, in reality, the celebrities were not even aware of the fact that their names were linked with the crypto project.

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While the tactics used were intended to gain the trust of the majority, the crypto project was slammed by several financial experts who immediately recognized unofficial affiliations of celebrities with the project. The experts even clarified that the celebrities had nothing to do with the scheme.

Scammers using the identities of celebrities to mislead users ran several adverts explaining the success stories of several people who made millions by investing in bitcoin. The company behind these adverts appearing on social media was called the ‘Bitcoin Revolution’ also published several fake quotes to gain the attention of locals. Like on one instance, a fake quote claimed to be from Clarkson said:

Bitcoin Revolution has been the greatest investment I’ve ever made.

Bitcoin scams are becoming very common and popular in the crypto space. Recording his take on the aforementioned bitcoin scam, Pauline Smith, director of Action Fraud, said:

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These figures are startling and provide a stark warning that people need to be wary of fake investments on online trading platforms. It’s vital that people carry out the necessary checks to ensure that an investment they’re considering is legitmate.

Although the aforementioned bitcoin scam might seem to be a very first, it isn’t. Previously, the identity of Jacinda Ardern, New Zealand’s prime minister, was manipulated by scammers to gather public for a cryptocurrency startup. As scammers are not following any bounds, people should adhere to great care before investing any kind of cryptocurrency project or startup.

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Fatir Malik

Electrical engineer by profession, turned into blockchain developer. Fatir contributes regularly with his insights about latest developments in fintech sector. Contact the editor at editor.opinions@blockpublisher.com

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