Two unfortunate things coincided at the BBC last week (well, there were probably many more, but two that caught the attention of people who care about business).
On Wednesday, a puff piece appeared on the home page about Hanad Hassan, a 20-year-old who claimed to have turned £37 into £5.9 million in nine months through cryptocurrency trading.
Jim Waterson, The Guardian’s media editor, pointed out that this was an eyebrow-raising return of 16 million per cent. A 30-minute documentary was also due to go out that evening detailing how this entrepreneur had created a crypto coin that was paying for food banks. Waterson noted that a quick Twitter search would have revealed his coin was shut down last October.
Crypto confusion: Hanad Hassan
Links to both pieces now lead