The enraged Chief Executive Officer of significant budget airline RyanAir, Michael O’Leary, stated that he hated Bitcoin, adding that everyone should avoid the world’s number one crypto like a plague. This follows the use of the CEO’s image to promote a Bitcoin (BTC) scam.
“I have never, and would never, invest one cent in bitcoin, which I believe is equivalent to a Ponzi scheme,” O’Leary was quoted by the media as saying, citing The Times.
“I would strongly advise everyone with any shred of common sense to ignore this false story and avoid bitcoin like a plague.”
As claimed by The Times report, this statement followed the scam advertising campaign featuring O’Leary’s image and promoted by a news platform called ‘dailynews-finance.’
O’Leary was introduced as a bitcoin investor within the scam, saying that the thousands of earned euros are the most accessible money he’d ever made. With claims that O’Leary made money from Bitcoin Lifestyle, an auto-trading website, the purveyors of the fake ad wanted people to sign up for the site.
Bursting the scam, O’Leary remarked that he has neither invested nor will he invest a cent in bitcoin, which he believes is a Ponzi scheme.
Bitcoin scams involving high profile individuals are among the most common ways of perpetrating cryptocurrency scams in the Cryptoverse.
The Times article stated that O’Leary was just one in a line of celebrities, including Simon Cowell, Sir Philip Green, Holly Willoughby, Lord Sugar, and Jeremy Clarkson.
As likely the most notable recent incident, back in July, major social media giant Twitter suffered a significant security breach that compromised the accounts of 130 high profile individuals, including Microsoft’s Bill Gates, Tesla’s Elon Musk, and Kim Kardashian West, among others.
The basic cause of these scams is to use these high profile individuals’ public image to stir trust in the public and make them part with their funds to the benefit of the fraudsters. Seldom their attempts fail, but regrettably, often they succeed.