The Warren Buffett-led Berkshire Hathaway has issued a statement warning that a cryptocurrency exchange website is using its name. The company stressed that the crypto firm has no affiliation with Berkshire Hathaway Inc. or its chairman and CEO, Warren E. Buffett.
Berkshire Hathaway Warns About a Crypto Website
Berkshire Hathaway Inc. warned Friday that a crypto exchange website is using its name. “Earlier this afternoon it came to our attention that there is an entity using the name Berkshire Hathaway,” the company stated, elaborating:
The entity … has no affiliation with Berkshire Hathaway Inc. or its chairman and CEO, Warren E. Buffett.
The crypto website in question is berkshirehathawaytx.com. Its landing page indicates that the company is a bitcoin exchange. “Berkshire Hathaway is a Texas-based company created to give our investors the opportunity to achieve a completely passive income from investment in cryptocurrency mining,” the website’s front page details.
The website advertises:
You will get profit every day on an ongoing basis.
Berkshire Hathaway CEO Warren Buffett and Vice Chair Charlie Munger are both bitcoin and crypto skeptics. Buffett previously said that the cryptocurrency is “rat poison squared.”
Munger has called bitcoin “rat poison” and “contrary to the interest of civilization.” He even compared BTC to venereal disease. In July, he recommended avoiding bitcoin as if “it were an open sewer, full of malicious organisms.” In addition, the Berkshire Hathaway executive believes that governments should ban cryptocurrencies.
Typical Scam Website
The Berkshire Hathaway crypto exchange website exhibits many signs of being a scam, similar to several schemes Bitcoin.com News previously warned about, including Bitcoin Revolution, Bitcoin Superstar, Bitcoin Era, and Bitcoin Loophole.
For example, the platform has an upfront cost. The site lists seven investment plans costing between $1,000 and $70,000. Each plan claims to allow users to invest and earn up to a certain amount. The plans also guarantee that users will “profit every day on an ongoing basis.” The website further shows a list of users who supposedly made tons of money using the system.
The contact address listed on the website belongs to a single-family home, and no phone number is listed. The contact email uses the web address of Warren Buffett’s Berkshire…