Fake News Website Is Using the Name of John Key to Promote Bitcoin

Jan 5, 2019 at 19:30 Update Date :Jan 5, 2019 at 19:30 UTC

A fake news advertisement for the purpose of promoting Bitcoin has been circulating in the market. The news outlet is trying to rip off the image of New Zealand’s former Prime Minister John Key; using the name ‘John Key’ to attract more and more audience towards Bitcoin.

As per the reports, the advertisement which mentioned John Key’s name is primarily focused on the limelight a firm called Crypto Revolt. The advertisement is purportedly using celebrities’ names like Prime Minister Jacinda Ardern and TVNZ presenter Hayley Holt.

The news which currently spreading rumours purports to an interview where it is highlighting that John Key is more enthusiasts about the leading cryptocurrency Bitcoin. The website, at the top, has a logo named as ‘NZ Times’ and all the web pages on the website all linked to Crypto Revolt’s homepage.

The suspected website and its address were noticed by a person who thought that the company was hacked by some scammers. In October, a series of Facebook advertisements were circulating – that alerted the office of Prime Minister Jacinda Ardern.

The website page looks more similar to a news article of CNN and was claiming that New Zealand was investing 50% wealth in the new revolution called Bitcoin. However, the advertisements were later removed from the website.

The news of using the name of John Key is not something new. Earlier, in 2017, the pictures of John Key were used in Facebook and Twitter ads. At that time, John Key quoted:

“I purchased a mere $1000 and followed the bitcoin loophole system, and now seven years later my $1000 investment is worth $300 million. I laugh when I see $1000 as my biggest asset.”

There have been a lot of crypto scams in the digital world that prompted authorities and cyber police to warn people about risks involved in Bitcoin investment without proper knowledge. The users should to do their homework first before giving a try in such crypto investment website, says Police.

A man from Canterbury was scammed in a crypto fraud, where he was fooled to invest $320,000 in a promise of huge returns.

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