Bitcoin Inventor Giving Away Billions Through Casino: Fact Check


Picture about Bitcoin Inventor Giving Away Billions Through Casino
Bitcoin Inventor Giving Away Billions Through Casino

Story:

Bitcoin Inventor Giving Away Billions Through Casino

Other Versions

Mystery Bitcoin Millionaire Found!
He is literally giving Billions into the hands of fellow Indians!

Picture about Bitcoin Inventor Giving Away Billions Through Casino
Bitcoin Inventor Giving Away Billions Through Casino

Fact Check:

A story on the social networking site Facebook claims that an Indian is the mysterious Bitcoin inventor. It also claims that he is giving away Billions of worth money through a Casino Site. These claims are not true. In fact, they are part of a Scam in the name of the popular cryptocurrency, Bitcoins.

 

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About Bitcoin Inventor Giving Away Billions Through Casino

After clicking through the sponsored advertisement from a Facebook page, we were taken to an alleged news article that says Bitcoin’s mysterious founder Satoshi Nakamoto is actually an Indian by name Mukesh Aggarwal. Furthermore, the article explains that the Bitcoin inventor is offloading his multi-billion-dollar fortune into the pockets of fellow Indians through a Casino Site Grand Mondial. The cash-dump and Bitcoins give away is allegedly his desperate attempt to avoid gigantic taxes he must pay to Government otherwise.

The readers are asked to visit a website through the link provided on the page. When directed to the website the user is asked to give their name, email address, and deposit 10 USD to claim 150 spins and make money from the casino site.

Bitcoin Casino Phishing Scam

Firstly, the article that presents itself as a news report is fake. It carries fake screenshot of news report and a fabricated story about Bitcoin. Notably, the Bitcoin inventor Satoshi Nakamoto has not revealed his true identity as of this writing. Then again, the ‘Casino Site’ link that comes with the article lands on a page that asked us to pay 10 USD. It redirected to a third-party advertisement site later. In reality, as told in the article, there was nothing to play Casino game on Grand Mondial website and win the alleged Billions of dollars give away. In short, the story is simply a Bitcoin Phishing scam using the name of Casino Site Grand Mondial. Note that other versions of the scam stories can use other names and methods to bait unsuspecting users.

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Other Bitcoin Fraud

Since Bitcoin became a popular cryptocurrency and worldwide payment system, there are many scams in the same name. Apart from the Phishing scams that come through fake web advertisements and emails, there are fake Bitcoin exchanges, fake Bitcoin wallets, Ponzi scams, and Cloud mining scams. All of these are explained well in an article on the website Bitcoin.com.

Update: 03 Jan 2018

Post the story mentioned above, we have seen online certain other versions of the Bitcoin scam. Some websites are coming up with catchy headlines and unbelievable stories like a petty criminal and roadside beggar happens to play Casino game on friend/brother’s mobile and wins huge lot of money. You can see screenshots of one such scam story below.

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Hoax or Fact:

Hoax and Scam.

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