Columbia’s police have been forced to take action after fraudsters looking to scam via Bitcoin created an initiative purportedly ‘endorsed’ by President Ivan Duque. The authorities issued a warning to the country’s population, noting that the ‘announcement’ about a Bitcoin-focused investment solution for COVID-19 economic effects is a scam and has not in any way been approved by Columbia’s President.
ColombiaCheck, which first reported the news, highlighted that the scammers ‘quoted’ Duque who said the Bitcoin-oriented strategy would provide ‘relief to the economic crisis triggered by the coronavirus pandemic.’ The country’s Cybernetic Police Center, which was tasked with the issue, further detailed the psychology applied by these scammers.
According to the post, President Duque is said to have inked a ‘deal of the century,’ which should see the creation of a platform dubbed ‘Bitcoin Era.’ This initiative would then enable Columbians to ‘earn incomes from cryptocurrencies.’ The scammers have gone to the extent of creating a fake Bitcoin Era CEO ‘Diego Garcia,’ he even explains how the ecosystem works.
Luckily, these scammers don’t seem sophisticated and have been in previous instances within the crypto space. Some red flags on their website can be quickly identified by anyone who is vast in the industry. For starters, Diego Garcia, the alleged Bitcoin Era CEO, is just a copy-paste interview of another crypto scam site that pulled the same theatrics a year ago. Other tip-offs include fake user reviews and the impersonation of Pete Acceturro, a YouTuber and voice actor.
This is not the first time crypto scammers have tried to use this old book trick; in fact, Facebook has previously been sued by famous figures like Gordon Ramsey and Hugh Jackman for being impersonated by crypto scammers on the platform. Its rival Twitter has also been on the receiving end recently after multiple high profile accounts were hacked; the latest compromise is India’s PM Narendra Modi, whose account was hacked on September 2.