This is just a tip of the iceberg as there are many other scams operating in their numbers in the country hiding under the radar, defrauding thousands of Nigeria and soiling the Bitcoin (cryptocurrency) reputable in the country. The worst part is new ones (scams) get introduced almost weekly. The issue now is most citizens have lost trust in the government which make it hard for them to adhere to the advice of the government (SEC) which cost them heavily.
The average Nigerian thinks engaging themselves in bitcoin and cryptocurrency business entitle them to quick money since that's what the so called crypto advocates teaches at the seminars they organized to decieve gullible citizens into patronizing the scams they're promoting. That's why this scams gets lots of patronizers.
Here's a reply of mine on a thread identifying some scams leveraging on the cryptocurrency hype to defraud Nigerians and just as I stated there, we lack enlightenment in the country which is something that has to be addressed quickly.
Topic: Nigerian SEC warns about iBSmartify investment - page 2. (Read 342 times)
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
It's one of those typical scams. The fact that people still actually fall for such scams even after so much publicity concerning these types of scams is just enough proof that we need an internet security subject in schools.
Why would anyone believe to invest in another useless token if we have bitcoin? If we were going to eradicate poverty, then the first thing we must do is to provide entreprenurial opportunities and providing education that will increase the financial I.Q of every people, not a ponzi scheme where a useless token founded by the name called "Daddy Ink" is their product.
And looking at their Facebook page here:
It's really a scam, 2% daily and 75% monthly? LOL.
And their slogan? "POVERTY ERADICATION PROGRAM!!!"
Code:
https://www.facebook.com/Ibsmartify/
Code:
https://chat.whatsapp.com/GM0QpXqCjwEFYSDlfbjtNK
It's really a scam, 2% daily and 75% monthly? LOL.
And their slogan? "POVERTY ERADICATION PROGRAM!!!"
Re: Activities Of An Illegal Operator IBSmartify Nigeria
https://sec.gov.ng/re-activities-of-an-illegal-operator-ibsmartify-nigeria/
For our Nigerian crypto enthusiast out there, just be careful of this iBSmartify, they are not registered to Nigerian SEC so chances are, the people behind can pull a exit scam and then BOOM, all your money gone.
Quote
The attention of the Commission has been drawn to the activities of iBSmartify Nigeria the promoters of a Blockchain known as iBledger (iBcashcryptocurrency) and InksNation.
The general public is hereby advised that neither the promoters of iBSmartify Nigeria nor the illegal products they offer are registered or regulated by the Commission.
In view of the above, the general public is hereby WARNED that any person dealing with the said entity and others in the same business in any manner whatsoever, does so at his/her own risk.
The general public is hereby advised that neither the promoters of iBSmartify Nigeria nor the illegal products they offer are registered or regulated by the Commission.
In view of the above, the general public is hereby WARNED that any person dealing with the said entity and others in the same business in any manner whatsoever, does so at his/her own risk.
https://sec.gov.ng/re-activities-of-an-illegal-operator-ibsmartify-nigeria/
For our Nigerian crypto enthusiast out there, just be careful of this iBSmartify, they are not registered to Nigerian SEC so chances are, the people behind can pull a exit scam and then BOOM, all your money gone.
Jump to: