Ryanair CEO Michael O’Leary has lost confidence in Bitcoin due to the Bitcoin Lifestyle scam. He advised people to “run away from Bitcoin like the plague”.
In an interview with the Sunday Times, O’Leary revealed that he recently became involved in promoting the Bitcoin Lifestyle scam. Attackers have edited a video featuring O’Leary, in which he allegedly encourages users to invest in Bitcoin Lifestyle. In a fabricated interview, O’Leary allegedly stated that thanks to this project and a special trading bot, he manages to earn tens of thousands of euros a day, making “easy money”.
“I have never invested in bitcoin and will not invest a cent in this cryptocurrency. For me, Bitcoin is on par with the Ponzi scheme. I strongly advise all prudent people to disbelieve the promises of Bitcoin Lifestyle and avoid Bitcoin”, Ryanair CEO said, adding that the National Ireland Bank listed in the fake video does not exist at all.
O’Leary is not the only person whose name scammers have used to advertise their projects. This spring, a fake video appeared on YouTube, which contained snippets of interviews with Ripple CEO Brad Garlinghouse. Users were asked to deposit from 2,000 to 500,000 XRP to participate in the token distribution. Garlinghouse later sued YouTube for posting this video.
In addition, in 2018, scammers conducted a cryptocurrency giveaway on behalf of Elon Musk and even raffled off a Tesla Model 3 car on behalf of John McAfee. Unfortunately, such actions by cybercriminals damage not only the reputation of those whose names are used for fake advertising, but also undermine people’s trust in the cryptocurrency industry as a whole.