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In September 2023, a cryptocurrency scam surfaced that targeted potential investors and promised huge profits through the pre-sale of X Token. There is currently a similar buzz in the crypto market over the TBD token, and many investors fear that all the high-profile crypto presales are a hoax.
In this article, we will analyze the operating principle of such fraudulent schemes and how investors can avoid becoming victims of these crypto traps.
Example of a fraudulent website with a presale of token X
X Token Presale is a cryptocurrency scam that promotes a token called X Token through a fake presale. He is also falsely claimed to be associated with Elon Musk and the social network X (Twitter). Fraudsters have gone to great lengths to make their websites and promotions appear legitimate and trustworthy. They created websites with the X logo and images of Elon Musk. These resources used deceptive language about a limited pre-sale offer in an attempt to instill fear of missing out (FOMO) among investors.
Their false claims were based on the fact that X was launching its own exclusive cryptocurrency called X Token and early investors could purchase the tokens at a low pre-sale price before the full launch on exchanges. Scammers advertised the possibility of making huge profits after the launch of X Token.
Scammers used various methods on the site to manipulate potential victims. For example, fake reviews, statements of celebrity endorsements, countdown timers indicating that a pre-sale opportunity will soon expire, and limited-time bonus token offers. After victims are convinced to send the scammers a payment in valuable cryptocurrencies such as Bitcoin, Ethereum or Tether (USDT), they do not receive any X tokens in return. The cybercriminals take the money and disappear. There is actually no such token or pre-sale.
The scam resulted in large financial losses, with some victims reporting that they lost all of their cryptocurrency savings.
It is important to note that neither the social network X (Twitter) nor Elon Musk have endorsed or promoted any new cryptocurrency projects. Pre-sale offers are completely fabricated by scammers to deceive and steal investors' money.
As soon as the victim sends the payment, the scammers immediately withdraw all funds received to their wallets.
Deceived investors realize that they have been scammed only when the pre-sale period ends, and at this stage the scammers already disappear along with the money they sent.
Then, of course, they receive scam tags, but this does not happen immediately, and some investors already manage to invest their funds in the advertised token at the presale.
Although not all fraudulent TG channels are newly registered, it also happens that criminals buy long-developing crypto channels and begin to promote scam projects in them. For example, the channel “Crypt with Vlad” was created quite a long time ago - on May 22, 2019.
The trader’s audience at the time of PR for the TBD token (mid-January 2024) consisted of just over 29,500 subscribers. The posts averaged 4,000 views, which is not that much. Initially, the telegram channel “Crypt with Vlad” published only news on the topic. Starting from May 31, 2023, advertising will be actively purchased for it, and some analytics will appear in the feed. Most likely, it was bought by a fraudster around these dates. And now, on July 10, 2023, warming up for the fraudulent zkSync (TBD) token begins.
What is the problem with the TBD cryptocurrency? The fact is that you can buy it, but according to the terms of the contract you cannot sell it. The screenshots below show that the balance is kept at zero, there are no sales in transactions, and more than 92% of tokens are located at 5 addresses.
Transactions
Token distribution
In this case, the scheme is even more cunning: users see new tokens on their balance sheets and wait for the end of the pre-sale in order to sell them at a higher price - thereby giving the scammers time to hide and cover their tracks. When an investor realizes that he cannot sell his coins, it is too late to sound the alarm.
1. Contact Crypto Exchanges : If you recently purchased cryptocurrency from an exchange to send funds to a scam website, you can use the exchange to freeze the transfers. In this case, time plays a critical role in being able to stop transactions.
2. Report Fraud : File a fraud report with the FAS and the police using their online reporting tools. Give them all the details of how you were scammed.
3. Gather information : Gather all the evidence you have regarding the fraudulent website, transaction IDs, wallet addresses you sent funds to, and communication with the scammers. This will help law enforcement agencies in pursuing fraudsters.
4. Change passwords : If you have repeatedly used the same password on a scam site and on other accounts, immediately change passwords everywhere to protect your identity and security.
5. Consult Legal Counsel : Consulting a lawyer who specializes in cryptocurrency fraud can help evaluate whether there are legal avenues for recovering lost funds. It can also help with fraud investigations.
Although most victims are unable to recover funds, prompt reporting, gathering evidence, and alerting appropriate organizations can help law enforcement pursue fraudsters. Contacting a lawyer is also an option that can open up the possibility of recovering funds and punishing the perpetrators.
Don't fall for the false hype surrounding such cryptocurrencies on social networks and websites. Because cryptocurrency scams are on the rise and you shouldn't let your guard down in pursuit of a profitable investment opportunity.
(c) https://trafficcardinal.com/post/moshennicheskie-skhemy-s-tokenami-x-i-tbd-na-etape-predprodazh
- 1. Token X Scam Review
- 2. Structure of the X Token scam
- 3. Review of zkSync (TBD) coin scam
- 4. What to do if you are a victim of presale token fraud
- 5. How to avoid falling for a scam
- 6. Conclusion
- 7. Disclaimer
In September 2023, a cryptocurrency scam surfaced that targeted potential investors and promised huge profits through the pre-sale of X Token. There is currently a similar buzz in the crypto market over the TBD token, and many investors fear that all the high-profile crypto presales are a hoax.
In this article, we will analyze the operating principle of such fraudulent schemes and how investors can avoid becoming victims of these crypto traps.
X Token Scam Review
Example of a fraudulent website with a presale of token X
X Token Presale is a cryptocurrency scam that promotes a token called X Token through a fake presale. He is also falsely claimed to be associated with Elon Musk and the social network X (Twitter). Fraudsters have gone to great lengths to make their websites and promotions appear legitimate and trustworthy. They created websites with the X logo and images of Elon Musk. These resources used deceptive language about a limited pre-sale offer in an attempt to instill fear of missing out (FOMO) among investors.
Their false claims were based on the fact that X was launching its own exclusive cryptocurrency called X Token and early investors could purchase the tokens at a low pre-sale price before the full launch on exchanges. Scammers advertised the possibility of making huge profits after the launch of X Token.
Scammers used various methods on the site to manipulate potential victims. For example, fake reviews, statements of celebrity endorsements, countdown timers indicating that a pre-sale opportunity will soon expire, and limited-time bonus token offers. After victims are convinced to send the scammers a payment in valuable cryptocurrencies such as Bitcoin, Ethereum or Tether (USDT), they do not receive any X tokens in return. The cybercriminals take the money and disappear. There is actually no such token or pre-sale.
The scam resulted in large financial losses, with some victims reporting that they lost all of their cryptocurrency savings.
It is important to note that neither the social network X (Twitter) nor Elon Musk have endorsed or promoted any new cryptocurrency projects. Pre-sale offers are completely fabricated by scammers to deceive and steal investors' money.
Structure of the X Token scam
The scam starts with criminals using techniques to spread hype and attract potential investors to their fake websites. It includes:- Creating pages on social networks such as Facebook* and Instagram* promoting X Token with the slogan: “the next crypto token that will explode the market.” These pages use fake accounts, bots, and even paid advertising to reach more people.
- Publishing professional-style YouTube videos discussing the potential massive growth of X Token. This helps scam websites appear more official and expert.
- Run sweepstakes, contests, and other promotions offering free X tokens. This usually requires visiting scam sites or emailing friends about the project.
- Promotion of referral programs offering bonuses for attracting new investors. This helps scammers distribute their fake asset.
- Post about X Token on cryptocurrency forums and communities to start discussion and speculation around the fake asset.
As soon as the victim sends the payment, the scammers immediately withdraw all funds received to their wallets.
Deceived investors realize that they have been scammed only when the pre-sale period ends, and at this stage the scammers already disappear along with the money they sent.
zkSync (TBD) Coin Scam Review
“Crypta with Vlad”, “Jesus in Crypt”, “Mr. Profit VS” and others are TG channels of scammers that advertise the TBD honeypot token. They promote the pre-sale of this coin by imposing the above-described FOMO (fear of missing out on a profitable investment opportunity) on newbies in crypto. All these TG channels have in common the fact that they were registered recently, are advertised immediately in TG Ads, plus comments and negative reactions are disabled in them so as not to scare off potential investors.Then, of course, they receive scam tags, but this does not happen immediately, and some investors already manage to invest their funds in the advertised token at the presale.
Although not all fraudulent TG channels are newly registered, it also happens that criminals buy long-developing crypto channels and begin to promote scam projects in them. For example, the channel “Crypt with Vlad” was created quite a long time ago - on May 22, 2019.
The trader’s audience at the time of PR for the TBD token (mid-January 2024) consisted of just over 29,500 subscribers. The posts averaged 4,000 views, which is not that much. Initially, the telegram channel “Crypt with Vlad” published only news on the topic. Starting from May 31, 2023, advertising will be actively purchased for it, and some analytics will appear in the feed. Most likely, it was bought by a fraudster around these dates. And now, on July 10, 2023, warming up for the fraudulent zkSync (TBD) token begins.
What is the problem with the TBD cryptocurrency? The fact is that you can buy it, but according to the terms of the contract you cannot sell it. The screenshots below show that the balance is kept at zero, there are no sales in transactions, and more than 92% of tokens are located at 5 addresses.
Transactions
Token distribution
In this case, the scheme is even more cunning: users see new tokens on their balance sheets and wait for the end of the pre-sale in order to sell them at a higher price - thereby giving the scammers time to hide and cover their tracks. When an investor realizes that he cannot sell his coins, it is too late to sound the alarm.
What to do if you are a victim of presale token fraud
If you have become a victim of crypto scammers and have sent payments, the most important thing is not to panic and immediately take the necessary measures:1. Contact Crypto Exchanges : If you recently purchased cryptocurrency from an exchange to send funds to a scam website, you can use the exchange to freeze the transfers. In this case, time plays a critical role in being able to stop transactions.
2. Report Fraud : File a fraud report with the FAS and the police using their online reporting tools. Give them all the details of how you were scammed.
3. Gather information : Gather all the evidence you have regarding the fraudulent website, transaction IDs, wallet addresses you sent funds to, and communication with the scammers. This will help law enforcement agencies in pursuing fraudsters.
4. Change passwords : If you have repeatedly used the same password on a scam site and on other accounts, immediately change passwords everywhere to protect your identity and security.
5. Consult Legal Counsel : Consulting a lawyer who specializes in cryptocurrency fraud can help evaluate whether there are legal avenues for recovering lost funds. It can also help with fraud investigations.
Although most victims are unable to recover funds, prompt reporting, gathering evidence, and alerting appropriate organizations can help law enforcement pursue fraudsters. Contacting a lawyer is also an option that can open up the possibility of recovering funds and punishing the perpetrators.
How to avoid getting scammed
To avoid becoming a victim of a fake presale, you need to be able to identify the numerous signs associated with such fraudulent schemes. Below we have outlined tips to help crypto investors detect and prevent the purchase of fraudulent crypto assets.- Ignore fake celebrity endorsements. Scammers regularly fake endorsements from prominent business leaders and celebrities. Before you believe PR messages from celebrities, check them directly on their official social media pages.
- Don’t be fooled by newly created and paid paid TG channels that talk about presales from crypto experts and analysts.
- Pay attention to comments and reactions in the TG channel with an investment product, they should not be hidden.
- It is important that a crypto token has a roadmap or other compelling technical document. If it is not there, it is better not to invest in such an asset.
- Avoid “get rich quick” promises. There are no investment opportunities that legitimately offer absurdly high returns. Any promise of guaranteed huge earnings in a short time is a scam.
- Protect your personal information: Never provide personal or financial information to websites you do not fully trust. Data phishing is common.
Conclusion
Cryptocurrency schemes with X Token and TBD show many signs of pre-sale fraud. Promises of large profits through limited token pre-sales are completely fraudulent. All indicators indicate that the assets, websites and TG channels are scam.Don't fall for the false hype surrounding such cryptocurrencies on social networks and websites. Because cryptocurrency scams are on the rise and you shouldn't let your guard down in pursuit of a profitable investment opportunity.
Disclaimer
The opinions of experts may not coincide with the position of the editors. Traffic Cardinal does not provide investment advice and the material is published for informational purposes only.(c) https://trafficcardinal.com/post/moshennicheskie-skhemy-s-tokenami-x-i-tbd-na-etape-predprodazh
