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Don't fall for it: British TV presenter's likeness used in Bitcoin scam

Security

decrypt.co 20 April 2020 09:20, UTC
  
Reading time: ~2 m

Celebrities continue to be the chosen target of crypto scammers. This time, British TV presenter Rylan Clark-Neal is the one reportedly making phoney endorsements for a get-rich-quick investment in Bitcoin.  

The former Celebrity Big Brother and X-Factor star put out a warning on Saturday about a bogus interview doing the rounds. 

Writing on Twitter, Clark-Neal said a “fake interview” purportedly from British tabloid The Daily Mirror was reportedly circulating on Facebook, claiming the celebrity “made millions from bitcoin.” 

There’s a fake interview going around on Facebook and social platforms claiming to be the daily mirror which it isn’t saying how I’ve made millions from bitcoin. Don’t fall for it 👍🏼

— Rylan Clark-Neal (@Rylan) April 18, 2020

“Don’t fall for it,” he said.  

Fake celebrity endorsements are nothing new in the world of crypto scams. Earlier this month, cyber-criminals put out an advert falsely using the Duke and Duchess of Sussex to endorse “cryptocurrency auto-trading program Bitcoin Evolution” that could turn “anyone into a millionaire within three to four months.” 

And the likes of Sir Alex Ferguson, Elon Musk and Bill Gates have all been selected by crooks to make phoney endorsements online in a bid to steal from gullible would-be investors. 

Even Kate Winslett’s name was falsely used in a dodgy Bitcoin-related project.

More worrying is when real news outlets fall for the scams themselves and publish such adverts. It’s no wonder the cyber-criminals are so effective. 

Last year the UK financial watchdog put out a warning after calculating people had lost £27 million ($34 million) from dealing on fraudulent trading platforms. 

We probably don’t need to warn the readers of Decrypt, but if something looks too good to be true—it’s probably because it is.


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