Scam Alert: Bitcoin Trader has been exposed

Bitcoin Scam Alert

A Bitcoin scam which purports to offer a new way of trading cryptocurrency for the average person through an online platform called Bitcoin Trader has been exposed.

The culprits behind this crime are believed to be using the stars of Ireland’s Dragon’s Den to dupe victims into parting with their cash.

A webpage advertising Bitcoin Trader claims it is the work of two friends who appeared on Ireland’s Dragon’s Den and got several of the stars interested in investing.

It required for its readers to invest a minimum sum of £250 or ¢1,585 in return for Bitcoins and other cryptocurrency trade.

Reports from Mirror.Co.UK indicates that it’s all scam. Currently, the people affected most are from England and other European countries. It is not sure whether other continents and countries were victims of the “Bitcoin Traders” but there are rumours that they are likely to try other territories now that they have been exposed especially in England.

Bitcoin Trader ads appeared on BBC and Guardian websites which featured fabricated quotes from Irish stars, Gavin Duffy, Eleanor McEvoy, and Eamonn before taken down.

“The whole story actually reads very well if it wasn’t completely fake. I know it’s not true but I’d imagine if you are someone in the UK you can easily be duped by this.” Gavin Duffy told RTE.

“It’s a total scam. I contacted the BBC but trying to get these things down off the websites, because it’s a paid for ad by the people behind this scam to give a sort of official veneer,” he said.

The people behind this scam fabricated stories and quotes from trusted celebrities as a form of endorsements to lure people in. Be on the look out or get played.

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