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The scam of Celebrity Images being used by Bitcoin in Unauthorized manner in the ads in now traced to Moscow

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Crypto Business World

CBW -External Analyst

INDIA

Dec, 22 2020

Dec, 22 2020

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Recently the advertising fraud scheme of Bitcoin has been in news. It has grabbed the attention of so many victims who have been holding the unauthorized images of the celebrity which is now traced back to Russia. The investigation from the Australian newspaper has been published recently. It, however, has traced the scam with the five names and their respective address. Their location was traced in Moscow and seems there are quite many people who were part of this. This surely turned out to be a surprising one since Bitcoin never deals with such unauthorized use of celebrities' images.


According to the investigation, the people were from Moscow and had their websites registered for scam promotion too. It is also run by the name called the Guardian which they claim to be an organized global business. In this scheme, they make the sue of Australian celebrities like Chris Hemsworth and even Dick Smith who is an entrepreneur without their approval and earns millions from the Google ad.


The first ad was started running on the sites of news in the year 2018 or even before that. But right after the pandemic crises, the ads were grabbing the attention of so many Australians who actually fell into this trap.


As per the process, once the victim clicks on the ad, they will take you to a site that shows what claims to be the investment scheme of the cryptocurrency. There will be some details asked which include the telephone number and the investment to be made of at least $250. Usually, the scammers make a cold call to the people for offering the details and entrust them to make an investment of a large sum. The government of Australia claimed that the scheme is quite large and hence it is difficult for Google to even block while the regulations in Australia needs to take action.


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Crypto Business World

CBW - External Analyst

INDIA

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