Whaleboost - a fraudulent Ponzi scheme is currently being promoted in Sri Lanka through a number of social media influencers. 

It is still not immediately clear as to who was behind the plan to promote the scheme in Sri Lanka, but the campaign gained significant momentum over the past few days. 

The scheme was promoted as an avenue of “side income” for those affected by the current economic crisis. 

Experts familiar with the matter advised the public not to fall for the said Ponzi scheme as it could result in severe financial and reputational losses.