Outside Source
Since the scammer began posting, numerous Bermuda National Coin tokens have appeared on the Solana-based memecoin launch platform pump.fun.
News
A scammer posing as David Burt, the premier of Bermuda, created a fake profile on the X social media platform to promote a fraudulent token called “Bermuda National Coin” to users.
The fake profile features a grey checkmark — reserved for government officials and only features 45 posts, with the oldest post from the fake account dating back to Feb. 2, 2025.
Burt’s real account has a blue checkmark, 6,245 posts, 12,200 followers — considerably less than the scam account — and joined the platform in July 2014.
Premier David Burt’s real account pictured left and the scam account posing as Burt pictured on the right with the discrepancies highlighted. Source: Premier David Burt
On Feb. 14, premier Burt became aware of the scam account, warned users of the malicious actor, and tagged both the platform and Elon Musk in a message bringing the impersonator to their attention.
“Not sure how they got a grey verification badge, but people will get scammed due to the lack of controls on this app. Please fix,” the premier wrote in an X post.
Despite the complaints, the fake profile remains active on the social media site at the time of this writing amid a recent uptick in memecoin and token scams involving heads of state and notable entities.
Social media post from fake account promoting Bermuda National Coin scam token. Source: Fake David Burt profile
Related: KIP Protocol reveals involvement in Javier Milei-endorsed Libra
Milei promotes and then distances himself from LIBRA token
Following the release of the Official TRUMP memecoin, debates erupted about the utility of political memecoins and the potential for the social tokens to revolutionize capital formation.
Amid the political memecoin hype, Javier Milei, the President of Argentina, promoted a token project called Viva La Libertad in a now-deleted X post.
The initiative was purportedly launched to provide financial aid to startups and local businesses in Argentina.
The project featured a token called Libra (LIBRA), which crashed by over 95% within hours of launching, drawing accusations of a $107 million rug pull and insider trading.
President Javier Milei of Argentina distancing himself from Libra project. Source: Javier Milei
Milei retracted his earlier support for the project and distanced himself from Libra on social media amid the collapse of the token.
“I was not aware of the details of the project and after having become aware of it I decided not to continue spreading the word — that is why I deleted the tweet,” Milei wrote in a translated Feb. 14 X post.
Magazine: 5 real use cases for useless memecoins
This article first appeared at Cointelegraph.com News
