No Fun Bitcoin: Indian Prime Minister's Bitcoin Scam
Last December, Indian Prime Minister Narendra Modi's account was hacked. Fraudsters spread a rumor that the government bought 500 BTC. Additionally, the now deleted tweet revealed that the Indian government has accepted Bitcoin as legal tender and the amount purchased will be distributed to residents.
The Prime Minister's Twitter account has more than 73 million followers. The tweet included a link asking people to donate Bitcoin to a Covid fund. The tweet said, “India has officially accepted Bitcoin as legal tender.”
“The government has officially bought 500 BTC and is distributing them to everyone in the country,” the scammers wrote.
Modi is pushing for a ban on cryptocurrencies and has warned his Twitter followers that Bitcoin will “ruin our youth.”
