Dubious ‘Royal House’ Letter to Raise Bitcoin to Save British Economy in Post-Brexit Era Circulates


Scammers have allegedly asked for $2.5 Million BTC from the British residents. They claimed that the funds would be used in taking care of the financial system after Brexit.

Emails Vs Letters

These fraudsters dispatched out to the British bodily letters pretending to be the non-public secretary of Queen Elizabeth II. This is according to one of the many copies disclosed by the executive of a local tech agency.

The CEO at a United Kingdom-based IT firm Smart task; Paul Ridden posted on LinkedIn on Sept. 24 an image of the letter. He was raising concern over the failed fraudulent activity and asking if there was someone else who had received something similar.

The letter dated Sept. 16 claimed that it was the second time until now that the Queen was appealing to several folks to save Britain's financial system. In the letter, the Queen's side has already garnered 82% of the 19 billion British pounds. This is technically the amount of cash that should be paid to the European Union to save many financial systems.

High Gratuity Guaranteed

The letter has it that the Royal home seeks to borrow from 450,000 to 2,000,000 British pounds (up to $2.5 million) from the British residents. The letter also asked the recipients to transfer the cash to the Royal home via Bitcoin.

In return for participation, the potential Bitcoin donors were promised a 30% interest rate at an interval of three months. They would also have the chance to be a member of Royal Warrant Holders Affiliation.

The British tech-focused publication IT expert contacted Buckingham Palace following the news, but they did not reply during press time. Ridden was sure that no one in their right mind would send Bitcoin to the scammers. He termed the attempt as poor because the letter was written in poor English and also said there is monetary consciousness in Britain.

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