Bermuda Premier Impersonated in Cryptocurrency Scam

A scammer impersonating Bermuda’s Premier, David Burt, has been caught promoting a fraudulent token, “Bermuda National Coin,” through a fake account on X (formerly Twitter). The fraudulent profile, which somehow secured a grey checkmark—typically reserved for government officials—has been misleading users despite only having 45 posts, with the oldest dating back to February 2, 2025.

Premier Burt’s official account, which holds a blue checkmark, boasts over 6,200 posts and 12,200 followers. On February 14, Burt publicly exposed the scam and urged X and Elon Musk to take action. "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," he wrote. However, the fake account remains active as of this writing, highlighting the platform’s ongoing struggles with impersonation scams.

This incident follows a disturbing trend of political figures and well-known personalities being used to push fraudulent tokens. Amid the surge in political-themed memecoins, Argentina’s President, Javier Milei, recently found himself entangled in controversy over the “Viva La Libertad” token project. Initially promoted by Milei in a now-deleted X post, the project claimed to support local businesses but quickly turned into a disaster. The associated token, Libra (LIBRA), collapsed by over 95% within hours of launching, leading to allegations of a $107 million rug pull and insider trading.

Following the backlash, Milei distanced himself from the project, stating, "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."

As fraudulent crypto schemes continue to rise, these cases serve as a stark reminder of the risks associated with unchecked social media promotions and the urgent need for stricter security measures.