DBHunter
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The term "Bitcoin Funnel" most often describes a fraudulent marketing scheme designed to steal money from unsuspecting investors. There is no legitimate, widely recognized "Bitcoin Funnel" company or service.
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How the "Bitcoin Funnel" Scam Works
These schemes use a multi-stage process (a "funnel") to lure victims:
Deceptive Advertising:
Scammers place online ads, often on social media like Facebook and Google, featuring fake celebrity endorsements and fabricated news stories promising immense wealth from "automated trading software".
Information Harvesting:
Curious individuals who click the ads are directed to professional-looking websites where they are prompted to enter their contact information to access
the "software".
Lead Selling:
This personal information is sold as leads to call centers and unregulated brokers, some of whom are organized criminals.
High-Pressure Sales:
Victims receive calls from smooth-talking "personal brokers" who pressure them to make an initial deposit of around $250, insisting the investment is legitimate and the returns are guaranteed.
Fraudulent Platforms: