Latest Bitcoin Investment Scam is Marketed as Elon Musk’s Creation with a 4,000% ROI Claim

A new crypto scam has appeared. According to Cointelegraph, this new scam uses fake articles to advertise a non-existent platform and uses the names of several famous people such as Elon Musk, Bill Gates and Richard Branson.

The new site, called Bitcoin Profit, uses fake celebrity testimonials and news to market its product. Known as, the site uses the image of Elon Musk and some famous Australian actors to draw people. Each of the celebrities who appear on the site has its own balance sheet of alleged investments.

This scam is so obviously fake that all the celebrities have the same balances and the scammers claim that people could get a return of over 4,000% in a single week. Anyone who understand a bit about investments would be skeptical, but unfortunately, there are some people who are lured by the faces of famous people and invest their money without understanding the market.

Kate Winslet, an Australian actress, was informed about the scam and told the media that she had no part in it and that they were using her image without her permission.

Bitcoin Profit is not unlike the several initiatives that show up on Twitter all the time. The scammers impersonate figures such as Elon Musk and offer free Bitcoin to people if they “show their interest” by sending a small amount of BTC. Obviously, people never receive the money later.

In most of these cases, the criminals exploit the fact that most people have heard about Bitcoin and possibly that it was profitable but don’t understand it very well.

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