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Colombian President Next Target of Bitcoin Fraud

Colombian President Next Target of Bitcoin Fraud

A Colombian newspaper reported that fraudsters have launched a fake Bitcoin investment website to dupe social media users with rumors saying that it was purportedly endorsed by none other than the country’s President Ivan Duque.

According to Colombia Check, the fraudulent news came from localnewsreviews.com, wherein the President Duque was claimed to have approved a platform called Bitcoin Era to give the country’s citizens a way to earn money amid the COVID-19 pandemic.

The Colombian Cybernetic Police Center have released warnings to these impersonators for advertising the Bitcoin scam websites to social media followers.

Bitcoin Era presents itself as an automated system used to invest in the cryptocurrency market to earn a daily profit. It claims to utilize intelligent trading robots to perform automated transactions.

However, Bitcoin Era CEO Diego Garcia reportedly disclosed in a couple of interviews how the website works by imitating the CEO of Crypto Genius, another scam site which Colombia Check investigated in 2019.

President Duque is not the only high-ranking official that was targeted by fraudsters. Recently, Indian Prime Minister Narendra Modi was targeted by hackers, assuming control of his Twitter account to get ETH from his followers. The compromised Twitter account is linked to PM Modi’s personal website and application.

Twitter was able to regain control of PM Modi’s account. Meanwhile, the prime minister’s social media staff are implementing better security measures against possible threats in the future.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.