Cryptocurrency loophole scam Facebook posts

The PSNI is warning of scam posts on Facebook claiming to be Daily Mirror articles trying to get people to invest in a cryptocurrency scam. Do not be taken in.

What has happened

Bitcoin loophole scam Facebook post The Daily Mirror has confirmed that these stories are fakes and not connected in any way with the newspaper. 

A couple of tell-tale signs are that the ‘url’ does not begin 'mirror.co.uk' and if you click on any of the links, for instance 'news' or 'football' at the bottom of the page, you do not get through to these sections on the Mirror website but to the cryptocurrency scam site.

The two people featured who are said to have won Dragons' Den with a cryptocurrency investment scheme never appeared on the show. They are vending machine entrepreneurs who featured on a similar show in the USA and, like the Mirror, have no connection to these scams.

What you should do

If you come across one of these scam posts or stories what should you do?

  • don’t assume it’s authentic - professional-looking websites adverts or social media posts don’t prove that an investment opportunity is genuine as criminals can exploit the names of well-known brands or people to make their scams appear legitimate
  • don’t be rushed or pressured into making a decision - a genuine bank or financial organisation won’t force you to make a financial transaction on the spot 
  • always be wary if you’re pressured to invest quickly or promised returns that sound too good to be true
  • stay in control - avoid unsolicited investment offers, especially those over cold calls
  • if you’re thinking about making an investment, get impartial advice from an independent financial adviser 
  • never use an adviser from the company that contacted you, as this may be part of the scam

Visit Take Five and Cyber Aware for more information about how to protect yourself online.

If you've been affected by this, or any other type of fraud, call the PSNI on 101 or Action Fraud on 0300 123 2040.

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