Bitcoin Trader, Dragons' Den Scam. A Warning
This is the story of the bitcoin trader and the TV series Dragons' Den and how crypto scammers falsely used Dragons' Den as a front for a Bitcoin scam.
There are 21 million Bitcoin in existence, and, right now, 16.3 million have been mined and are being traded. It is widely believed that the last Bitcoin will be mined by 2140. This has made investors, enthusiasts, and others interested in the cryptocurrency.
Bitcoin is the world's most popular cryptocurrency; it is digital money to replace traditional currencies. All Bitcoin transactions are processed by a technology called blockchain, which is considered revolutionary and has the potential of changing economics and finance.
And now, Bitcoin scammers are eager to get a hold of any Bitcoin they can, and they can go to any lengths. A recent story to hit the news is how scammers used images of stars of the popular TV show Dragons' Den to lure victims into giving them the digital currency Bitcoin. It was the story of Bitcoin trader Dragons Den and a scam to take investors' money.
These scammers use social media to post these stars' images and fake quotes to lure their victims into the con. Peter Jones and Deborah Meaden, both stars on the show, were among those whose images were used to lure unsuspecting victims.
Bitcoin trader platform claims that they offer automatic trading that helps customers make over $10,000 daily. Even claiming their customers work 20 minutes a day. Stars of Dragons' Den were a front for these outrageous claims. It was claimed that Jones invested £2 million for a 25% share, and it was falsely stated that Meaden invested £250 to test the service and made £100 in profits in eight minutes.
This isn't the first time scammers have pulled off scams like this, using pictures of famous people to lure people into making investments that are scams. Images of other Dragons' Den stars have been misused for scams like this.
In March of 2018, scammers used the faces of the stars on the Irish version of the show to promote their scam activities. These people use the faces of famous people or business magnates to lure victims because they are influential and can easily convince victims and people into making investments. The faces of business leaders Elon Musk and Bill Gates were used to scam victims in 2020.
Dragon Den Denied Any Involvement
Dragons' Den strenuously denied involvement in this scam. Meaden herself said it's essential to do a thorough check before making online transactions because online fraud is rampant and sophisticated.
Does it sound like it might be too good to be true? Then it probably is. Online crypto scams are everywhere now and it's advisable to take care before committing to any investment online, especially where outrageous profits are promised.
Author: Gerry Enoma
Gerry Enoma writes articles about crypto, blockchain finance, technology, and video games. His articles have been read by millions of readers on the internet. Having written for sites like Lifehack.org, Brightside.me, etc. Aside from being a writer, he's also a game designer.