An independent media outlet decided to investigate his project and found a volunteer in their team, Rahul Kumar, who agreed to try it out. It’s noteworthy that, in the past, many people reported in a consumer complaints forum about being duped by a “Sona Agarwal”. Most of the people stated in their complaints that they were promised that their money would be doubled. The style and language of the viral article does not match that of an actual Indian Express story.
Bitcoin to INR Chart
The story also quotes him stating that big banks were looking to shut the application down and that he has “already received angry calls and threats from big financial corporations” for bringing this technology to the peoples’ attention. This bitcoin scam impersonating The Indian Express has been targeting other BTC Evex 360 big business names too. BOOM has previously debunked a similar story revolving around Azim Premji, the founding chairman and a non-independent director of Wipro. When we contacted this user, they told us that they earned money by placing bets on matches. They said that the minimum investment amount in their scheme was Rs 10,000, which would be converted to Rs 1 lakh in just four hours. Most of the content on the Telegram channel was posted by the user @business_sona.
- An image of Gita Gopinath, the former Chief Economist and now the First Deputy Managing Director of the International Monetary Fund, is being used to show that a certain Bhagya Deol from Bangalore has earned nearly ₹16 lakh by trading in bitcoin.
- If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles.
- A fake video featuring him and promising big returns is doing the rounds on social media.
BOOM found that the audio in the viral video has been overlaid to make the false claim.
However, India Today found that Mukesh Ambani has not endorsed any such investment scheme. BOOM found that the video is fake and is part of a phishing scam that impersonates news articles to make it look like a verified article. This comes after Minister for Electronics and Information Technology Ashwini Vaishnaw had said the government would make rules around deepfakes, synthetic media that mimics authentic images, video and audio, and set out rules to prevent their dissemination online.
Please report any such instances to the concerned regulatory authorities,” he wrote in a X thread. Mukesh Ambani, an Indian billionaire businessman, announced his new project at an investment forum in New Delhi. He said he had invested more than $3 million in a cutting-edge automated trading platform called BTC Ai Evex, which uses machine learning to analyze financial markets and make profitable trades.
He advised users “not to fall prey” to these deceptive videos and urged them to report such instances to the relevant authorities. “I categorically deny any endorsement, relation or association with these applications or websites. I caution the public to not fall prey to the content of these malicious sites and to the products or services they are trying to sell to you.
The modus operandi of these fly-by-night operators is to exploit the words of industrialist Ratan Tata and corporate wizards NR Narayana Murthy and Nandan Nilekani, who are allegedly endorsing a business proposal by a company called BTC Ai Evex. This company claims to be an automated trading platform aimed at improving the lives of regular Indians. The proliferation of AI-generated fake videos, commonly known as deepfakes, is becoming more prevalent. In February, BOOM, a fact-checking website, raised concerns about a deepfake video featuring Mukesh Ambani, the chairman and managing director of Reliance Industries, purportedly endorsing a stock-market forum. Veteran investor and founder of MK Ventures Madhusudan Kela is putting out a warning cry!