A Chinese crypto startup has been discovered to be using false information regarding its founders. The startup, known as BHB, has been using the photos of two university professors without their knowledge or consent. According to an investigation by CoinDesk, the two professors had no idea that the project even existed.
BHB has been in operation since December 2, 2018. In the short time it has existed, it has grabbed headlines several times with accusations of being a pyramid scheme. And in more ways than one, the criticism has been justified.
On its website, BHB has listed a number of its ‘founding team members.’ However, two of them have been fabricated, the report found. The first is Bobby White, an alleged financial engineer. The image used has been that of Alexander White, an associate professor of economics at the Tsinghua University. Then there’s Gregory Moss, an alleged product designer. The image used is that of a professor at the Chinese University of Hong Kong. The professor is also named Gregory Moss and majors in philosophy.
At press time, the website wasn’t working.
CoinDesk reached out to the two professors, and both denied any knowledge or involvement with the project. The use of their photos is fraudulent, they said, further stating that they were troubled by the incident.
The team members aren’t the only thing the BHB project has lied about. The phone number listed on its website has since been disconnected. The address to its New York headquarters is also non-existent (“22/121 Apple Street”).
And it continues. The BHB tokens can only be traded on XBTC.CX crypto exchange. However, the exchange seems to be part of the scam.