Russia’s Central Bank Warns of Crypto Scam
Russia’s Central Bank has issued a warning to citizens about a fraudulent cryptocurrency project that claims to be associated with the popular TV series “The Boy’s Word: Blood on the Asphalt.” The project, known as “The Boy’s Word,” is being described by the Central Bank as a pyramid scheme with no official ties to the show. Investors are asked to pay $10 in exchange for tokens that are supposedly the project’s own cryptocurrency. The organizers promise high returns of up to 25% per day. However, the Central Bank has labeled the project as a financial pyramid and cautioned that it lacks proper licensing.
Advertisements Circulating on Social Media
Advertisements for the fraudulent project have been circulating on social media platforms and chat apps. Some of these ads feature stolen images from legitimate cryptoasset providers’ websites, along with music and images from the TV series. Oleg Dubrovsky, an executive at the Central Bank, has warned that the organizers of the project will disappear with investors’ money once they collect enough funds. The Central Bank stresses that only financial organizations authorized by them can request public investment.
The Boy’s Word TV Show
“The Boy’s Word: Blood on the Asphalt” is a popular drama series in Russia that has gained widespread popularity both in Russia and other Russian-speaking nations. The show follows the story of high school students in Kazan who join a violent gang during the Soviet Era. According to data from Yandex, more Russians searched for content related to “The Boy’s Word” than terms like “war in Ukraine” and “special military operation” in 2023.
Hot Take: Beware of Crypto Scams
It is crucial to remain vigilant and cautious when investing in cryptocurrencies. Scammers often take advantage of popular trends or cultural phenomena to deceive unsuspecting investors. The recent warning from Russia’s Central Bank about the fraudulent crypto project associated with “The Boy’s Word” serves as a reminder to thoroughly research and verify any investment opportunities in the crypto space. Always be skeptical of promises of high returns and be sure to only invest through licensed and reputable financial organizations. By staying informed and exercising caution, you can protect yourself from falling victim to crypto scams.
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