The Only Way Is Essex Star promoted EATS Coin via his personal Instagram accounts from personal appearances and posts on his feed.
The company was linked to food delivery app CryptoEat. The app was pitched as a rival to UberEats, where members could pay for food with cryptocurrency.
However, it was recently reported that the company have now removed all traces of CryptoEats online. Twitter users have now labelled the whole thing a ‘scam’ and have spoken out hoping others will avoid investing in the company.
It is believed that the celebrities encouraged their followers to invest in this seemingly reputable company, and this racked up to £500,000.
Read more on msn.com
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