Bitcoin Inc scam tactic influence buyers to invest in Bitcoin shares. In a presentation, the shareholders of “Bitcoin Inc” portray bitcoin as the invention of a privately held business that came into existence around 2010. The timing of the emergence of Bitcoin Inc seems to give the impression that the company is likely to be behind the issuance of Bitcoin itself.
Using half-truths and false claims, the scammers’ webpage says some investors already hold bitcoin shares through Bitcoin Inc’s full corporate shares after buying these in 2010. According to information on the site, there is a “21 million BTC maximum limit and 1000 Bitcoin Inc full corporate shares maximum limit.” One full corporate share is “equivalent” to 10 BTC.
In order to draw misled investors, the website claims that someone who has purchased and kept a full corporate share since 2010 now has an investment portfolio estimated at $210,000. This is since BTC has since risen from the price of $0.10 when full corporate shares were reportedly released in 2010.
Bitcoin Inc assures investors who missed out in 2010 that they can now make amends by “holding any amount of USDCX in your cryptocurrency wallet.”
To do this, the website explains that an investor simply has to transfer USDC stablecoins equivalent to the USDCX “fractional shares” they want to buy to an ethereum contract address, but there is a caveat.
The statement explains that “in order to maintain the integrity of the Bitcoin Inc corporate shares,” the request for the USDCX shares will be processed manually. The statement adds “Once we verify the transaction, the corresponding USDCX will be sent directly to your wallet from the USDCX Ethereum contract address”. Only when the process is complete does one become a “proud owner of USDCX and a co-owner of the official Bitcoin Inc.!”
The scammers have also gone the extra mile as to have a LinkedIn page with over a hundred thousand followers, created to further fortify its authencity as a organisation.
[image: Clint Patterson]
