Sir John Key was rumored to have invested in Bitcoin. The claims came from a fake news site and circulated through Twitter and Facebook.

In the news, Key had $300 mln in BTC acquired from his $1 000 investment. The article includes an alleged quote from him that he had invested in BTC because he believed in its potential.

As it turns out, the quote was from Richard Branson.

In an interview with the New Zealand Herald, Key denied the rumors claiming that he had asked Facebook to remove the posts. Facebook refused.

Key says that Facebook should take down posts like that because they were misleading. Many people invested in BTC due to his “advice”.

“This post puts people at risk. Facebook should be wary about that,” he says.

Meanwhile, the real NZ Herald claimed to hunt down their imposter site to remove the content.

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