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.
Those Kenyans who invested in BTCM have lost their money. The app has been cleaned and all the data has been erased…Based on the messages I am receiving, this might lead some to depression I see some claiming to have lost more than 450k.@DCI_Kenya help them.@BravinYuri
— Kinyanjui_Nillo (@dennilocarta) 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!
— 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!
— Hon. Fredrick Agoro (@fredrick_agoro) July 11, 2023
Kuna scam Fulani itapita na pesa watu, it goes by the name BTCM or something like that…😂😂 popcorn 🍿 ready…
— Bored villager (@ichelash) July 10, 2023
Kimeniramba 😭😭🙆. I invested all my next semesters fees and accomodation funds into BTCM… Sai natoa jasho profusely at this cold season🥶 mzae anadhani I am extremely sick…
— Prince Jommy (@mwer63883) July 11, 2023
@amerix is always right, just eat your sweat. Easy come easy Go. BTCM a fake BTC mining company has today washed and cleaned millions of Kenyans. Kindly @amerix where is your clinic located? I need some mental advice. Am running mad right now.
— Py Charm (@klondinkepy) July 10, 2023
Kuna mtu najua alikua anasema atanunua audi a4 na pesa ya Btcm… Sijui kama ako showroom juu hashiki simu pic.twitter.com/0sMxmy85vP
— Kenyan HART (@ndiritu_king) 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
— Gachanja (@PazziniYang) July 11, 2023
Niliponea kidogo sana niingie hio BTCM nikaoshwe,siz yangu kidogo anipeane. pic.twitter.com/LCGGScHEER
— NOT HIM (@YesuMkenya) July 11, 2023
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?— isaack obanda (@isaack_obanda) July 10, 2023
