Just as the cryptocurrency and blockchain industry has been experiencing all-time high adoption, the scam rate in cryptocurrencies is also on the rise. No matter how many legal actions or stoppages the authorities make on the crypto-scammers, they end up finding a way to lure more people to steal their money.
This time around it is the Prime Minister of Singapore who found himself being used to lure people towards cryptocurrency scams. The PM of Singapore was extremely furious and concerned about the incident and took it upon himself to address his followers about the incident.
It was recently revealed that a hacker managed to gather all information that the PM of Singapore had on his Twitter profile in order to set up an account under his name on BitClout.
According to the Singapore PM, this particular scammer/hacker managed to use his information to set up an account on BitClout. Once set up, this scammer went onto use the name of the PM on the platform to gain trust of the people and sell tokens.
Ever since the incident took place, the Prime Minister of Singapore, Lee Hsien Loong has been in touch with his followers through the social media platforms.
Loong recently addressed all his follower through his Facebook profile to talk about the incident. He stated that if the scammers can use his information/identity to run a scam, then a common person is the easiest target.
Therefore, everyone needs to be extra careful and vigilant about this matter and do not let their guards down. He advised all his followers to stay positive, logical, and attentive if they end up receiving unusual emails from his profile or from other peoples’ who may be influential.
He also re-iterated the entire cryptocurrency community in Singapore to be very cautious when dealing with cryptocurrency exchanges and other platforms.
The PM revealed that someone had managed to make an account on BitClout and create new coins using his information from the Twitter account.
He revealed that the scammer used his photo, Twitter account bio, and his name in order to create “Creator Coins” on the platform.
He stated that by the time this scam was established and brought to notice, the token had already gained a market capitalization of $9,800. He confirmed that the scammer had managed to sell around 27.4088 coins and generated that much amount in a matter of hours.
The PM of Singapore also communicated to all his followers that he has already called out the owners of BitClout through his Twitter account. He has demanded them to remove his name, his photo, and bio from the platform as he has nothing to do with it.
Right after Loong’s announcement, the management at BitClout confirmed that they have since removed his details from their website.