Cryptocurrency

Colombia’s President Used For Crypto Scam On The Internet

Colombia's president became the target of a cryptocurrency investment scam that used his name to approve a phony Bitcoin platform. Scammers attributed a public endorsement to President Ivan Duque for

By Ray Crawford··2 min read
Colombia’s President Used For Crypto Scam On The Internet

Key Points

  • Colombia's president became the target of a cryptocurrency investment scam that used his name to approve a phony Bitcoin platform.
  • Scammers attributed a public endorsement to President Ivan Duque for

Colombia's president became the target of a cryptocurrency investment scam that used his name to approve a phony Bitcoin platform. Scammers attributed a public endorsement to President Ivan Duque for Bitcoin Era, falsely describing it as a solution to the economic crisis caused by the pandemic. The Cybernetic Police Centre issued a warning. Colombian media outlet Colombia Check identified the scheme as a fraud.

Advertisement

728×90

The con artists claimed Duque had signed "the biggest deal of the century" to launch Bitcoin Era. They promised the platform would provide relief from the coronavirus-triggered economic collapse. According to the pitch, users could begin earning money through cryptocurrency investment. To make it convincing, the scammers created an interview with Diego García, presented as the company's chief executive, who detailed how the system operated.

Fake reviews padded out the website. One reviewer named José Ruiz claimed to have participated. But the scheme fell apart when examined closely.

Scammers lifted the executive interview directly from Crypto Genius, a previous scam. The photo labeled as García actually showed Pete Accetturo, a voice-actor and YouTuber. The picture José Ruiz used in his review belonged to Adán Cortés, a Mexican student. Cortés became known when he interrupted the Nobel Peace Prize ceremony honoring Afghan activist Malala Yousafzai. He explained he acted to inform people about violence in Mexico.

Similar schemes have victimized X-Factor performer Rylan Clark-Neal, Australian actor Hugh Jackman, British journalist Martin Lewis, and television chef Gordon Ramsay. Earlier this summer, the Twitter hack compromised more than 130 verified accounts, another sign of how extensively bad actors operate across social platforms.

MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.

Advertisement

728×90

Related Stories

Stay informed

Verifiable crypto journalism, delivered to your inbox.

Weekday mornings. No hype. No financial advice. Just what happened and why it matters.

No spam. Unsubscribe anytime. Read our privacy policy.