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27 September 2020

Bitcoin Revolution South Africa: Scam Claims Support by President Cyril Ramaphosa | News Bitcoin News

Bitcoin Revolution South Africa: Scam Claims Support by President Cyril Ramaphosa | News Bitcoin News


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A bitcoin investment scheme called “Bitcoin Revolution South Africa” has been gaining much attention lately.

The South African version of the Bitcoin Revolution scheme, simply called “Bitcoin Revolution South Africa,” has recently been heavily promoted, with paid reviews on reputable websites such as the Associated Press News.

The top of the website displays the message: “Bitcoin Revolution App South Africa Earn $1300 in [the] next 24 hours with this secret Patrice Motsepe system with your small investment today.” Motsepe is the founder and chairman of African Rainbow Minerals, who became a billionaire in 2008.

Another version of the site displays at the top: “You make $13000 in 24 hours using this secret Bitcoin Revolution South Africa system with your small investment easily today.” The site also claims: “Some members earned their first million within just 61 days.” To use the system, however, users must deposit $250 upfront.

A recent article features a fake tweet purporting to be from South African President Cyril Ramaphosa stating that this bitcoin investment scheme “is showing great promise and has my full endorsement as a wealth system,” Mybroadband magazine reported last week.

The promoters of the South African Bitcoin Revolution also promote similar scams, including the South African Bitcoin Code, Bitcoin Millionaires, Bitcoin Loophole, Bitcoin Machine, Bitcoin Future, Bitcoin Storm, Bitcoin System, and Bitcoin Era.

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