Bitcoin fraudsters are still using celebrities to promote their scams on Facebook and dupe investors out of money. According to reports, Australian TV presenters Karl Stefanovic and Waleed Aly are the latest names in a long list of celebrities to fall victim to the scam. In order to set up the scam, fraudsters create fake campaign pages on Facebook and then promote their posts to maximize reach and engagement on the platform. The campaigns typically include a celebrity’s endorsement of a specific cryptocurrency and often include a prompt for consumers to place an initial investment of a couple of hundred…

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Australian celebs targeted in long-running Bitcoin scam on Facebook
Source: The Next Web