Australian Celebrities Are Still The Focal Point In Local Bitcoin Trading System Scams On Facebook

Australian Celebrities Targeted In Local Bitcoin Scam On Facebook

“Elon Musk wants to give you free Bitcoin”, you have probably heard that one before, right? Scams often use celebrities and famous people in order to dupe the victims and promote their cons. Now, Bitcoin fraudsters from Australia are doing the same, just not using Elon Musk… yet.

As reported by The New Web’s Hard Fork, Karl Stefanovic and Waleed Aly, two Australian TV presenters, are the latest victims of this kind of scam.

The whole thing works like this: the scammers set up fake Facebook pages and then promote their posts using paid advertising on the platform. They push engagement up and then use “endorsements” from these celebrities as well.

Obviously, celebrities are not really endorsing anything and they do not even know about the scam before it went public. On the ads, the TV presenters are shown to be affirming that the consumers should make an initial investment of some hundreds of dollars.

Scam First Appeared In 2017

According to the local reporters, the scam was first used in 2017, during the time in which Bitcoin’s price was skyrocketing. At the time, Elon Musk, Richard Branson and Bill Gates were some of the most popular figures used by scammers. In Australia, Georgie Gardner and Deborah Knight, two local journalists, have also been used.

A recent scam made in New Zealand was also very similar to this one. It involved Daniel Faituaua, a TV host in a prominent national channel. At the time, he called out the scammers on his show and affirmed that the never advised anyone to buy Bitcoin. He also refuted that he bought Bitcoin, affirming that this was a completely fake allegation.

Cases like this one have been hard to solve completely. For instance, Twitter banned people from calling themselves Elon Musk. People would have their accounts frozen if they tried to change their names. Even the real Musk had his account frozen at a time when he joked about selling Bitcoin.

Unfortunately, there is simply not a lot to do right now. Scammers are everywhere and they are using famous faces to dupe people. You have to be constantly alert or you might fall for one of these scams.

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