UK Eliminates Thousands of Fake Crypto Investment Websites

Crypto scammers have nowhere to hide now that the NCSC is all out for them.

From April to August, the National Cyber Security Center (NCSC) has identified and eradicated 300,000 websites that advertised investment opportunities through celebrities that did not even know what was happening. Among the fake sites were 150,000+ of them advertising crypto investment programs.

The NCSC announced today (Aug 14) that many of the celebrities did not really give their approval for the investment programs that carried their names and faces. Some of the affected celebrities include Ed Sheeran and Richard Branson. This discovery has awoken many law enforcements to be more concerned about what they see around.

NCSC’s CEO, Ciaran Martin, said:

“These investment scams are a striking example of the kind of methods cyber criminals are now deploying to try to con people. We are exposing them today not only to raise public awareness but to show the criminals behind them that we know what they’re up to and are taking action to stop it.”

This looks like what happened in Australia. The Australian Securities and Investments Commission (ASIC) has advised people to be suspicious of any crypto investment program that showcases the approval of celebrities because some of them are actually fake.

Another effort made by the U.K to prevent scammers from getting victims was the elimination of fake online ads from the Internet through the partnership of the Internet Advertising Bureau (IAB) and the United Kingdom Advertising Standards Authority (ASA).

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