REASON FOR WARNING: We are concerned that BitQT could be operating a scam.
We have been made aware of a misleading advertisement on Facebook which links to an article misappropriating Stuff’s branding. This article promotes BitQT by claiming well-known New Zealanders and overseas public figures are investing in it. This is not a genuine Stuff article and the claims made in the article are incorrect.
We note the article is similar to an article previously published by Bitcoin Trader. The FMA has previously published a warning about Bitcoin Trader.
We recommend that investors confirm the legitimacy of news articles by cross-checking the URL. As noted in the image below, we note the alleged Stuff article promoting BitQT had a ‘theinvest-news.com’ URL.
Additionally, the returns published by BitQT in the article have not been substantiated and we have not been able to identify the legal entity that operates BitQT.
Image: the misleading advertisement on Facebook which links to an article misappropriating Stuff’s branding.