Express

Australian Government Warns Against Fraudulent Celebrity Endorsements Promoting Crypto Scams

Emily Mason

Summary: The Australian Securities and Investment Commission (ASIC) issued a warning on Wednesday, July 29 urging citizens to be aware of fraudulent celebrity-endorsed Bitcoin scams. The announcement mentioned scams named Bitcoin Evolution, Bitcoin Revolution and Bitcoin Trader. These scams often pose as crypto trading robots to steal assets and advertise on legitimate sites like LinkedIn, Twitter ...

The Australian Securities and Investment Commission (ASIC) issued a warning on Wednesday, July 29 urging citizens to be aware of fraudulent celebrity-endorsed Bitcoin scams.

The announcement mentioned scams named Bitcoin Evolution, Bitcoin Revolution and Bitcoin Trader. These scams often pose as crypto trading robots to steal assets and advertise on legitimate sites like LinkedIn, Twitter or Facebook. Celebrities so far roped into the schemes have been Kochie, Celeste Barber and Waleed Aly, among others.

The announcement asks anyone who thinks they may have been scammed to report the incident to ASIC.

By Emily Mason

Last Update:

Tags: ,,
Link: Australian Government Warns Against Fraudulent Celebrity Endorsements Promoting Crypto Scams   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 7 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 14 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 18 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 21 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 25 days ago

    • You need to login to comment.