The former Prime Minister of New Zealand John Key found himself wrapped up in a cryptocurrency scam unknowingly after Bitcoin fraudsters used his image promoting the scam. Let’s find out more about the story in the following bitcoin news.
According to a report, the scam ad was designed for a company known in the public as Crypto Revolt. The scammers used images not only from the former Prime Minister but also from popular TV presenter Hayley Holt and the current Prime Minister Jacinda Arden.
The scam was reported in September 2018 after a false report was issued where Hayley Holt and Jack Tame are supposedly making profits from the fraudulent services. In the article, the story said that the TV presenter increased her initial funds to $483 in just less than three minutes. Hold denied the allegations.
As 2018 was coming to an end, the country got a huge alert after reports came out in the public for a bomb threat where criminals threatened to detonate a device if the demand for a Bitcoin ransom wasn’t met.
New Zealand was hit by multiple crypto-related scams since 2017 and the police force had to warn the public to be aware of the scams and encouraging the potential crypto investors to seek counsel before investing in suspicious bitcoin platforms.
The number of Bitcoin scams increased in 2018 and because of this, Netsafe-a non-profit safety organization for online related issues said:
‘’We advise not to put any money into scheme unless you’ve done it through a registered broker or read the FMA advice regarding investments.’’
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