Tricksters behind the Bitcoin Trader scam have been exploiting pictures of celebrities from the hit TV show Dragon's Den to attract gullible investors to invest.

It is a scam. The pictures and false quotes have attracted investors into a get-rich-quick [bitcoin](/coins/btc) scam on websites and social platforms.

Let's discuss in detail the Bitcoin Trader scam.

## What is Dragon’s Den?

[Dragons' Den, produced by the BBC](https://www.bbc.co.uk/programmes/b006vq92), is a popular UK reality TV show. Promising entrepreneurs put their business visions to professionals and ask for investments.

The show features a board of investors known as "dragons" who are ready to place their own money in potential business visions.

## What is the Bitcoin Trader Scam?

The Bitcoin Trader scam is a phony investment opportunity that falsely asserts that it is connected with the famous BBC show. The scam has distinct versions, but all share one common trait; they ask for money from unsuspecting investors in trade for a fake investment option.

Tricksters draw gullible investors into trading with their money by manipulating pictures of celebrities from the TV show on websites and social media platforms.

The Bitcoin Trader scam is an example of how phony sites exploit the names of renowned public figures, superstars, and TV shows to encourage a get-rich-quick strategy. It's not a genuine investment opportunity, but something to trick innocent people and take their money by luring them with false promises.

Some of the well-known false claims from the Bitcoin Trader scam include:

•	A phony news report asserting Deborah Meaden, one of the investors on Dragons' Den, made a £250,000 investment in bitcoin. It is not true.
•	A bogus interview with Sarah Davies and Jenny Campbell, two new investors on Dragons' Den, asserting they had invested in bitcoin. Again, it's completely fake.
•	A fake interview with Peter Jones claimed he was initiating a bitcoin investment program after witnessing the get-rich-quick bitcoin scheme. This is also false.
•	Last, but not least, Theo Paphitis is said to be backing bitcoin as a lucrative cryptocurrency on the Dragon's Den show. This, too, is phony.

## In Summary

Bitcoin Trader is a scam. It's a phony get-rich-quick system that falsely promises investors enormous profits within a short span.

It is not legal.

Advances in technology bring advances in digital fraud, and cryptocurrency is not immune. Investors should conduct thorough research of the website or social media platform before investing their money.


Bitcoin Trader Scam: Dragon's Den

[Bitcoin](/coins/btc) Revolution and Dragons' Den, the popular TV show, appeared together in online ads. But did the platform really have endorsement from the stars?

Just try Googling 'bitcoin revolution dragons den'.

Celebrities influence their fans. They can influence the buying and investment decisions they make. Crypto scammers know this and keep inventing new ways to scam unsuspecting people of their hard-earned money.

The latest tactic in the books is the alleged endorsement of Bitcoin Revolution by Dragons' Den stars.

## Background 

In February 2022, a 75-year-old woman lost more than £30,000 to the Dragons' Den Cryptocurrency scam. The scam uses faked quotes from the entrepreneur, Deborah Meaden, a star of the TV Show Dragons' Den.

The scam takes advantage of well-known and influential stars to post faked quotes encouraging investing in cryptocurrency for quick returns. While these stars have nothing to do with the Dragons' Den scam, UK social media users continue falling for online scams that lose them tens of millions of pounds every year.

Another star the crypto scam exploits is Peter Jones, an English businessman, entrepreneur, and star of Dragons' Den.

The Dragons' Den scam also uses Theo Paphitis, a retail proprietor and entrepreneur who makes appearances on the Dragons' Den show.

Other celebrities included in the alleged investor list include:

•	Duncan Bannatyne 
•	Richard Farleigh 
•	Touker Suleyman 
•	Doug Richard
•	Rachel Elnaugh
•	Simon Woodroffe
•	Sara Davies 
•	Tej Lalvani 

## Bitcoin Revolution Explained

Bitcoin Revolution, an automated cryptocurrency trading platform, was designed to allow beginner and advanced users to trade digital currencies, including Bitcoin, Ripple, and Ethereum.

The platform claims an 88% average win for its users. It is based on an algorithm that scans and analyses offers from various users and presents the results in a simplified view. 

Before signing up, users are expected to deposit a balance of 250 pounds to activate the auto trading function. This function completes the trades automatically for the user. 

## Dragons' Den Stars' Endorsement

Many articles and social media posts claim endorsement of Bitcoin Revolution by Dragons' Den stars and other celebrities and business moguls.
These claims of endorsement have met with backlash from the said stars. In a [tweet](https://twitter.com/DeborahMeaden/status/1230788783404126210), Meaden alerted her users about the scam, saying, “Fake ads using Dragons' Den and myself as clickbait then directing to a Bitcoin site are a scam. Don't click or it feeds the ugly and DEF don't give them money.”
Regarding the claim of his endorsement of Bitcoin Revolution, Peter Jones said: "It’s a complete SCAM & my legal team is on it now." Mr. Jones expressed his opinion following an alert of claims that he had bought 20% as a bitcoin trader. 

## Conclusion

Bitcoin scams continue to expand and reach more people through false information and advertising. The UK government has made steps to protect its citizens by adding a legal duty to prevent popular social media platforms from allowing paid-for fraudulent adverts from appearing on their platforms. In addition, the government is working on measures to tighten the requirements for the online advertising industry to create a safe, transparent, and accountable ad market.
 



Bitcoin Revolution: Dragons' Den Endorsed?

This is the story of the bitcoin trader and the TV series Dragons' Den and how crypto scammers falsely used Dragons' Den as a front for a Bitcoin scam. 

There are 21 million [Bitcoin](/coins/btc) in existence, and, right now, 16.3 million have been mined and are being traded. It is widely believed that the last Bitcoin will be mined by 2140. This has made investors, enthusiasts, and others interested in the cryptocurrency.

Bitcoin is the world's most popular cryptocurrency; it is digital money to replace traditional currencies. All Bitcoin transactions are processed by a technology called blockchain, which is considered revolutionary and has the potential of changing economics and finance.

And now, Bitcoin scammers are eager to get a hold of any Bitcoin they can, and they can go to any lengths. A recent story to hit the news is how scammers used images of stars of the popular TV show Dragons' Den to lure victims into giving them the digital currency Bitcoin.
It was the story of Bitcoin trader Dragons Den and a scam to take investors' money.

These scammers use social media to post these stars' images and fake quotes to lure their victims into the con. Peter Jones and Deborah Meaden, both stars on the show, were among those whose images were used to lure unsuspecting victims.

Bitcoin trader platform claims that they offer automatic trading that helps customers make over $10,000 daily. Even claiming their customers work 20 minutes a day. Stars of Dragons' Den were a front for these outrageous claims. It was claimed that Jones invested £2 million for a 25% share, and it was falsely stated that Meaden invested £250 to test the service and made £100 in profits in eight minutes.

This isn't the first time scammers have pulled off scams like this, using pictures of famous people to lure people into making investments that are scams. Images of other Dragons' Den stars have been misused for scams like this.

In March of 2018, scammers used the faces of the stars on the Irish version of the show to promote their scam activities. These people use the faces of famous people or business magnates to lure victims because they are influential and can easily convince victims and people into making investments. The faces of business leaders Elon Musk and Bill Gates were used to scam victims in 2020.

## Dragon Den Denied Any Involvement

Dragons' Den strenuously denied involvement in this scam. Meaden herself said it's essential to do a thorough check before making online transactions because online fraud is rampant and sophisticated.

Does it sound like it might be too good to be true? Then it probably is. Online crypto scams are everywhere now and it's advisable to take care before committing to any investment online, especially where outrageous profits are promised.


red image of bitcoin and dragons den uk logo

Bitcoin Trader, Dragons' Den Scam. A Warning

[The Dragons' Den](https://www.bbc.co.uk/programmes/b006vq92) Bitcoin is a scam and they have stolen a lot of money from people. We will look at what Dragon's Den Bitcoin is, how you can spot this scam, and how to prevent yourself from being scammed.

The famous TV show Dragons' Den name has been used to promote illegitimate products on the Internet. Many people have lost money by investing in bogus schemes and products.

Firstly, Dragons' Den Bitcoin is not real. It was created by someone who wanted to make money from people looking for an easy way to invest in [Bitcoin](/coins/btc). It is fake. We will discuss what makes this phony investment so appealing and why people fall for it.

## What is Dragons' Den?

Dragons' Den, produced by the BBC, is a popular UK TV show. It's a reality show where aspiring entrepreneurs pitch their business ideas to experts in the business field and ask for investments. The show is famous worldwide and there are many spin-offs in other countries. The show features a panel of investors known as "dragons" who are willing to invest their own money in business ideas that they like. The Dragons' questions, interrogations, and demands can be intimidating. However, the participants are always up for the task.

## What is the Dragons' Den Bitcoin scam?

The Dragons' Den Bitcoin scam is a fake investment opportunity created to steal your money. It claims, falsely, that it is associated with the popular BBC show. The scam has different versions, but all have one thing in common: they ask you for money in exchange for an investment opportunity that does not exist. The scammers use high-pressure tactics to convince you to invest in their fake Bitcoin trading platform and steal your money. They present you with false claims about what will happen if you do not act on their offer.

Scammers have been luring unwitting investors into trading with their money by exploiting photographs of personalities from the TV show Dragons' Den. Their photographs and comments have enticed users into a get-rich-quick Bitcoin scam on websites and social media.

The Dragons Den Bitcoin scam is an example of how fake sites use the names of well-known public figures, celebrities, and TV shows to promote a get-rich-quick scheme. It’s not a real investment opportunity.

We are seeing a new twist on a classic cryptocurrency fraud, and victims are being duped out by scammers who promise high returns on investments in Bitcoin.

So far, some of the versions of the Dragons Den Bitcoin scam include:

- A fake news report claiming Deborah Meaden, one of the original investors on Dragons' Den, made a £250,000 investment in Bitcoin after seeing how it had been making people huge fortunes.
- A fake interview with Sarah Davies and Jenny Campbell, two new investors on Dragons' Den, claiming they had invested in Bitcoin after they saw how it was helping people make money.
- A fake interview with Peter Jones claiming he was starting a Bitcoin investment program after seeing how it had been making many people rich.

The fraudsters present themselves as legitimate businesses and offer exceptionally high returns on investment. But rather than investing your money, the fraudsters are stealing it. They use fake celebrity endorsements to convince people that the "opportunity" is genuine.

These scammers have no relation to the real Dragons, but hope people will be fooled into sending money for cryptocurrency investments. There are legitimate ways to invest in Bitcoin and other cryptocurrencies, but you must research these thoroughly before investing your money.

## What to look out for:

If you're offered an amazing opportunity to invest in Bitcoin or another cryptocurrency out of the blue, proceed with extreme caution – or avoid it altogether! These fraudsters are highly convincing and manipulative, often using very subtle tactics to lure you in.

The BBC has investigated several Bitcoin trading platforms and found that some are legitimate, but others are not.

It is reported that some people have lost up to £200,000 after being lured into scams by fake social media posts.

The scammers promised high returns for investors.

They'll tell you that Bitcoin is about to explode onto the mainstream market. This isn't true.

## Conclusion

Dragons' Den bitcoin is a scam. It is not legit. It's a fake get-rich-quick scheme that promises investors huge profits within a short period. People should carry out thorough checks before putting any money into schemes, especially those they hear about through unsolicited emails or adverts online.



Latest Moni

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