Peter Sagan, a renowned cycling legend, has been the latest victim of the Bitcoin Revolution scam which uses the identity of worldwide stars to dupe naive crypto investors. The scammers also use fake news articles as well as adverts.
Sagan used his Twitter account to state that he is not party to an article that was published by the scammers saying that he was an associate of Bitcoin Revolution. The article claims that Sagan had an interview on a certain Slovakian TV program and explained how Bitcoin Revolution platform is capable of making one a millionaire in a short span of 3 to 4 months.
I categorically deny having any involvement, in any form, in what is mentioned in this article. I have never been in contact with any of the persons or companies mentioned and any allegation to the contrary is false. https://t.co/3togFYhKZ8
— Peter Sagan (@petosagan) February 18, 2020
The scammers claim that Sagan explained to the audience how they could become instant millionaires using Bitcoin Revolution. However, several minutes after the completion of the interview, Slovak National Bank officials called the TV station for the interview not to be broadcasted, but it had already been aired. The scammers stated that Sagan asked Slovakia citizens to get involved and seize the rare opportunity before it gets scrapped by the banks.
To give the article credibility, the fraudsters had posted photos of Richard Branson and Bill Gates saying that they had discussed the Bitcoin Revolution during CES 219. In addition, the site also has testimonials of different people praising Bitcoin Revolution for the opportunity given to become millionaires.
This is not the first time that Bitcoin Revolution is giving the crypto industry a negative publicity by painting it as an industry full of cons. Previously, the cons have used such big names like Richard Branson, Jeremy Clarkson as well as Alex Ferguson.
According to U.Today, Such types of scams have been on the rise and cryptocurrency anti-crusaders such as Nouriel Roubini as well as Steve Hanke, both Nobel-winning economists, have cited such scams to drive their points home against cryptocurrencies.