BRICS is gaining attention internationally for proposing to challenge the dominance of the US dollar and aiming to bring about a shift in the global financial structure. The BRICS alliance seeks to disrupt the current financial system and establish a new global hierarchy where developing nations have a prominent position. Taking advantage of international financial news, fraudsters recently introduced a decentralized counterfeit digital currency called BRICS. Additionally, a Federal Reserve Governor has made a significant prediction regarding BRICS compared to the US Dollar. Using securityaffairs.com as a source. Security Affairs reported that scammers were promoting the fake BRICS cryptocurrency in its early development by offering an Initial Coin Offering (ICO). The digital currency entered platforms like Telegram and other social media outlets, drawing interest from investors in emerging economies. Additionally, it is predicted that gold prices will hit record levels in 2024 due to central banks purchasing 387 tonnes. Using securityaffairs.com as a source. In addition to defrauding investors, the developers also disseminated false information regarding upcoming countries that were set to join the alliance.