Virgin Group founder Richard Branson says that he is concerned over the growing number of bitcoin scams that use his likeness to promote fraudulent products and investment schemes.
Writing on Virgin’s official blog, Branson wrote that although he has often lauded bitcoin and its potential to disrupt the financial system, it’s “worrying” that so many bitcoin scams claim that he has endorsed their schemes.
“Some of the most regular and worrying fake stories currently spreading online are false endorsements of bitcoin trading schemes,” he wrote. “While I have often commented on the potential benefits of genuine bitcoin developments, I absolutely do not endorse these fake bitcoin stories.”