Scams - Bitcoin Revolution and Bitcoin Evolution
“Bitcoin Revolution” and “Bitcoin Evolution” are two common cryptocurrency scams circulating in 2019 and 2020.
All are functionally the same scam, periodically being re-used under a new name and promising similar results. They generally claim to be some kind of investment opportunity, and use made-up celebrity endorsements to spread on social media. Recently, these scams have been pretending to be cryptocurrency trading bots.
These posts are often spread through a combination of paid advertising, bots and compromised accounts.
People who follow the link in these social media posts will usually arrive at a website that’s been dressed up to imitate a legitimate news outlet, with a made-up story about the scam product and fake testimonials.
Victims who sign up for these kinds of scams are generally led to make some kind of payment into an account, which then creates the illusion of profits. In the past, Bitcoin Revolution has simply used a random number generator to create this illusion.
The scam generally continues until the victim decides to try to withdraw these apparent profits, only to discover that none of it is real. Sometimes they will be put in touch with an “agent” who will tell them they have to make additional payments before they can withdraw their funds.
Cryptocurrency trading bots are a real thing, but they not risk-free money machines as these kinds of scams suggest. Similarly, there are safe ways to buy and sell Bitcoin, but it’s not a risk-free money machine either.