Thousands of Kenyans have been scammed by bit mining company BTCM which has gone underground.
BTCM was a digital currency mining machine company that generated virtual digital currencies such as Bitcoin, Ethereum, etc which were traded online.
Bitcoins obtained by BTCM miners were sold in international digital exchange centres, traded into US dollars, and then converted into Kenyan shillings.
However, the BTCM that traded in Kenya was a decoy of an original App ya BTCM which operates ONLY in USA, Asia, Europe.
The fake BTCM that operated in Kenya suddenly went underground with the money Kenyans had invested in it.
“This is where our company’s revenue comes from. Kama uli invest Kwa BTCM, I hope unajua kimewaramba. The btcm you’ve been using is a decoy.
“There is an original App ya btcm but operates only in USA, Asia, Europe etc and not here in ‘maombi republic’.
“Kenyans have lost millions. Our gullibility to get rich quick schemes is wanting.
“A few local men are clinging to the hope & reassuring themselves ‘itarudi’.
“A more opportunistic group is promising to ‘withdraw’ the funds from your account at a cost. 😂Yaani, uibiwe na ulipe mwizi tofauti kukuiba,” a tweep tweeted.
Kama uli invest Kwa BTCM, I hope unajua kimewaramba
The btcm you've been using is a decoy
There is an original App ya btcm but operates only in USA, Asia, Europe etc and not here in 'maombi republic'
Kenyans have lost millions. Our gullibility to get rich quick schemes is… pic.twitter.com/3kUXp7PNnL
— Goddie (@Goddie_Ke) July 11, 2023
Several other Kenyans took to social media to express their frustrations after being scammed.
Others poked fun at those who had been scammed by BTCM.
https://twitter.com/dennilocarta/status/1678729798598754304
This BTCM pyramid scheme has messed with so many Kenyans. And that's how it works anyway. I warned so many but they could not listen. Poleni!
— Lawrence Kitema (@lawrencekitema) July 11, 2023
This BTCM pyramid scheme has messed with so many Kenyans. And that's how it works anyway. I warned so many but they could not listen. Poleni!
— Vivian Wanjiru (@fredrick_agoro) July 11, 2023
https://twitter.com/ichelash/status/1678418450966884353
https://twitter.com/mwer63883/status/1678871447064698880
https://twitter.com/klondinkepy/status/1678466453161357314
Kuna mtu najua alikua anasema atanunua audi a4 na pesa ya Btcm… Sijui kama ako showroom juu hashiki simu pic.twitter.com/0sMxmy85vP
— kings (@kings_mec) July 11, 2023
My aunt just collapsed today pale kirinyaga after realizing the BTCM app was no longer working . She had invested hundreds of thousands some from loans giving a deaf to all the advisers. kimemramba!!! @omwambaKE @edgarwabwire_ @CisNyakundy
— Mahatma Ganji (@CMGachanja) July 11, 2023
https://twitter.com/YesuMkenya/status/1678774458214150146
If you're scammed by Kamiti guys, it's not mpesa that's the scam. If you're scammed by BTCM and many others, it's not bitcoin that's the scam.
The inability to tell the difference is why the scamming will continue.— #Humanity (@BenOkiyo) July 11, 2023
Millions of kenyans have just been conned millions of shillings in an online scam called BTCM. Just how gullible kenyans are buffles me.
The question we are asking the government is how could this scam company be allowed to operate in the country for such a long time?— Ndugu Japolo (@isaack_obanda) July 10, 2023
