Celebrities and high-profile public figures such as members of the Dragon’s Den, Piers Morgan, James McAvoy, Elon Musk, Richard Branson, and Martin Lewis are used excessively by Bitcoin scammers for promotional purposes.
If you’ve been tricked by fake celebrity-endorsed websites, then you are not alone. Daniel Craig is constantly being used by scammers to lure people into various get-rich-schemes, and this time its for a scheme named “Bitcoin Era”! Bitcoin is an emerging cryptocurrency that was founded in 2009 and has attracted a lot of investors due to it decentralized nature. However, it is unregulated by many financial institutions and that allows scammers to take advantage of unsuspecting investors. Bitcoin scammers use social media platforms to propel their ads by using fake celebrity endorsement which have proven to be extremely effective at swindling innocent victims.
Why Do Scammers Keep Using Celebrities Like Daniel Craig?
Daniel Craig (Mr. 007 in the flesh) is very well known widely recognized by millions of people across the UK after starring in a variety of roles. The movies he appeared in and his profession have earned him recognition among millions of UK viewers and listeners. Bitcoin scammers used that recognition he gained and spent fortunes on fakes ad promotions. Unsuspecting people were not hesitant to invest in this latest get rich quick scheme because they trusted Craig and the crime-busting image he resonates with viewers. Craig’s privacy and reputation are equally important to him, that is why when by Bitcoin scammers to steal money from using his name it makes him furious.
Other Celebrities Are Also Used For The Same Purposes!
Celebrities and high-profile public figures such as members of the Dragon’s Den, Piers Morgan, James McAvoy, Elon Musk, Richard Branson, and Martin Lewis are used excessively by Bitcoin scammers for promotional purposes for the same reasons stated above.
Other Types of Bitcoin Scams
The following represents a selection of various types of Bitcoin schemes which are used to scam victims out of their hard-earned money (partial list):
- Fake Bitcoin Exchanges – This scam is responsible for defrauding thousands of victims through its fake trading platform.
- Ponzi Schemes – This type of scam generates profits based on money from new investors. When there is no one new left to invest the schemes go bust.
- Fake Cryptocurrencies – In this case con artists offer fake cryptocurrencies in return for real ones.
- Malware – it is a Bitcoin scam that lures people to get access to their passwords and then hacks into their bank accounts.
How to Avoid a Bitcoin Scam
Scams like Bitcoin Era are running rampant and seem to be particularly effective during troubling economic times (i.e the coronavirus pandemic). According to reports from National Crime Agency, the UK financial fraud figure stands at about £190 billion in losses every year. What this means is that financial fraud is constantly on the rise, and it does not look like it will stop anytime soon. If you want to avoid being a victim of a scam you should consider the following:
- Make sure that you stay informed by conducting proper research. We found a site named ScamCryptoRobots.com when doing our checks in regards to Bitcoin Era.
- Avoid investing shady investment scams by anonymous websites.
- Refrain from joining get-rich-quick schemes. Do not believe ads that make false promises about becoming a millionaire overnight.
- Avoid advice from people who tell you that there is no risk in investment. The truth is that every investment carries some degree of risk.
Kseniia is the Chief Content Officer of Coinspeaker, holding this position since 2018. Now she is very passionate about cryptocurrencies and everything connected with it, so she tries to ensure that all the content presented on Coinspeaker reaches the reader in an understandable and attractive way. Kseniia is always open to suggestions and comments, so feel free to contact her for any questions regarding her duties.