Bitcoin Scammers Target Head of $230 Billion Fund In Recent Facebook Scam for ‘Bitcoin Pro’

Ho Ching, the CEO of Temasek, a $230 billion fund, was the latest person to be targeted by scammers who are behind a famous Facebook Bitcoin scam called Bitcoin Pro. Ching’s image was used in Facebook ads for the crypto scam, a local media outlet reported.

In order to get more credibility for its fake investment, the scammers of Bitcoin Pro also used the logos of several reputable media outlets and promised unbelievably high returns on investment. Several fake testimonials are also used on the official site of the scam.

One of the ads details a fake call between Ching and an allegedly major bank head. In the call, Ching asks the bank manager to stop divulging secrets such as Bitcoin Pro, as this information should not be leaked to everybody. Previous incarnations of the same scam used people like Lee Hsien Loong, the Prime Minister of Singapore.

The scam is pretty simple, it is one of that old promises of “get rich quick”. To enter, someone has to give information such as credit card details, phone numbers and email addresses, which can be easily used to impersonate the victim later.

Right now, Facebook claims to be working to disable any accounts that may be linked to scammers. The social media platform is having trouble with scammers in many countries and is currently blocking profiles, but the scammers always find a way to appear once more.

According to Facebook, this is a clear violation of the guidelines and all pages associated with the scams and all ads will be removed as soon as possible.

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