I was preparing a news article for Coinfomania when a friend who I had earlier told about Bitcoin called my attention to what he perceived as a Bitcoin investment opportunity. Is Bitcoin Loophole a Scam?
Unsurprisingly, he showed me a news article which featured famous African businessman, Wale Adenuga advising young people to invest in a Bitcoin trading software dubbed Bitcoin Loophole. The Mike Adenuga Bitcoin Loophole video is featured on both Facebook ads and other social media platforms.
Since this was not the first time I’m covering a report about scams like Bitcoin Loophole where fraudsters use popular celebrities as the face of their schemes, I almost ignored the site. But I was disappointed with what I learned next.
First, I did a Google search for “Bitcoin Loophole Scam” and realized that the first two pages were high domain authority pages containing fake reviews saying that Bitcoin Loophole is not a scam.
I also noticed a webpage containing an apparently paid press release which promoted Bitcoin Loophole.
The fake information, coupled with the earlier news article claiming to be a Mike Adenuga interview on Bitcoin Loophole, was what prompted me to create this article to answer any investor who was wondering:
Is Bitcoin Loophole a Scam?
The most straightforward answer is YES. Bitcoin Loophole is 100% Scam
Let’s explore the simple facts.
First: The people behind the Bitcoin Loophole are using two or more website addresses
I found this https://btc-loophole.com/ and https://bitcoinloophole.securedoffer.to
The Monetary Authority of Singapore had already issued an official warning in July alerting investors to the fraudulent nature of these websites and their attempts to defraud investors. The regulator then stated that the people behind the site were using a similar approach to the one mentioned earlier, popular figure Emeritus Senior Minister Goh Chok Tong.
Unreal and Insane Returns
There is almost no way to offer guaranteed returns on cryptocurrencies given their inherently volatile nature. But the Bitcoin Loophole scam is promising to consistently pay investors $13,000 every 24 hours if they’re able to make a one-off deposit of just $250 to get access to the software.
However, the fraudulent nature is exposed by the fact that users have to deposit to a trading account on the website before any trade starts. There is a false promise that withdrawal can be made after 24 hours, but that is definitely not going to happen.
Misleading Urgency
To show that Bitcoin Loophole is a scam, the masterminds use the same tactic that characterizes fraudulent schemes through the years – instilling urgency.
First, the homepage website mentions that only 5 tickets are available. Also, upon submitting their email and name (optional), users are shown a video highlighting that the returns are just a few clicks away if they’re able to take action.
But even that too is a scam, since it makes it common for naive investors to put money into fake schemes like Bitcoin Loophole.
No Effort Required for a Luxurious Lifestyle
Is Bitcoin Loophole a Scam? Yes. A message on the website reads:
“Each month members of this exclusive group are living it up in exotic locations in every corner of the globe. With no more than a few clicks a day, these individuals are fulfilling their dreams.”
The introductory page also alleges that members have to work only 20 minutes per day to achieve insane returns. Clearly, these are statements to get investor hopes up. But even that too is a trick you must not yield to.
Final Words on Bitcoin Loophole Scam
Once again we ask, Is Bitcoin Loophole a Scam? I think so. Do not attempt to put money into the scheme or you’ll eventually end up regretting it. All the red flags are clear to see, especially the fake Mike Adenuga interview on Bitcoin Loophole.
You can start learning the real facts about Bitcoin and cryptocurrencies by exploring the educational guides on our website.
Disclaimer: Information here is based on the author’s research, you can read the full bitcoin loophole review on top10tradingplatforms.
