The Central bank of Ghana the Bank of Ghana is warning the public to be vigilant in their dealings with a new money doubling scheme called ‘Bitcash Currency Exchange.’
The Bank of Ghana said the scheme is fraudulent and works to milk the public of their money and they have not been granted the approval to operate.
In a statement issued, the Bank of Ghana said the scheme additionally compromises the funds, WhatsApp accounts, and social media accounts of unsuspecting victims when their hyperlinks are clicked.
“Bank of Ghana wishes to bring to the attention of the public, a money doubling scheme which operates under the name “BitCash Currency Exchange” and claims to have approval from Bank of Ghana. By this Notice, Bank of Ghana wishes to inform the public that it has not licensed such an entity or any other cryptocurrency exchange platform,” the statement read.
“Unsuspecting recipients of such messages who click on the hyperlink or forward such messages compromise the safety of their funds, their WhatsApp accounts, and other social media profiles, as well as those of friends and family on their contact list,” the BoG explained.
The Central Bank further urged persons who receive suspicious messages from the fraudulent scheme to delete such messages and avoid clicking on their hyperlink or sharing it with others.
“Remove any member (s) on social media platforms from whom such messages are received as their accounts may have been compromised,” it added.
The BoG urged the public to only do business with financial institutions it has been licensed and cross-check with the Bank to verify if any such suspicious scheme has an approval to operate.
