Jollier
Professional
- Messages
- 1,519
- Reaction score
- 1,490
- Points
- 113
Fraud in cryptocurrency is increasingly becoming destructive for investors' crypto portfolios. Scam in cryptocurrency is one of the biggest problems that must be fought with all sorts of methods, and just the coverage of the list of scam schemes is one of them. If people are informed about how to cheat in cryptocurrency, then it will be easier to understand that this is a scam scheme! Do not fall for the scammers!
Contents:
Introduction
I got into crypto scam teams, what I learned will make your hair stand on end. In this topic, you will learn several cryptocurrency scam schemes, how not to get caught, how much do these types of dealers earn, and of course, when will they get screwed.
Chapter 1. Scammer Seed.
Quite often, in videos with cryptocurrency materials on social networks, very strange scammers are at work in the comments, it would seem, who are trying to send their seed phrases with incomprehensible requests to go in and do something with the cryptocurrency that is in their wallet.
A passing citizen will think, come on, this is just a freebie, now I will go to the wallet, send money and earn millions of billions. Isn't that right? Let me reveal the scheme and how it actually works.
I will reveal the Scammer Seed scheme.
Teams of scammers, most often schoolchildren, gather in groups and create wallets in which the software works. And here is where the devil lies, I'll explain it more simply.
The Tron blockchain, or similar ones that can also be used in this scheme, work in such a way that external wallets such as Exodus or TrustWallet, you cannot make a transaction in USDT, that is, in cryptodollar, without having the coins of this blockchain, that is, Tron, BNB and all that stuff. That is, you need to have both USDT and Tron for the commission, without this you will not be able to make a transaction.
And people, going and opening a wallet by seed phrase, can really see money there 200, 300, 500 and a thousand dollars, sometimes they put it there, but the point is that you will never be able to withdraw this money in any way, alas.
Let me explain it even more simply. A person, seeing such a wallet, thinks, should I now top up 2-3 dollars, unfortunate, for the commission in order to withdraw this balance of 500 bucks. And here a fatal mistake will be made.
The software I mentioned earlier works in such a way that all transactions that get to the wallet are instantly transferred to another, that is, you will not have time to withdraw money from the wallet in any way, you will simply pay a commission of 2-3 bucks, and as soon as they arrive on the wallet balance, they will be instantly withdrawn to another. Accordingly, you are left without 2-3 dollars and without the money that was in the wallet. That is, de facto, the money remains in the wallet, namely dollars and USDT, which lured you, but your commission that you sent, no, it is already in the hands of the fraudster.
And the more people who enter this wallet, because this is not limited in any way, although thousands and millions of people can enter, the more these people earn. There can really be a huge number of transactions. And if we take into account that these pseudo-commentators have proliferated not only on YouTube and TikTok, their comments on social networks number in the thousands.
And imagine if at least 5 or 10% of this mass of people who saw this comment or sitphrase go in and transfer money for 2-3 dollars, it would seem like crap, very little, but 100 people for 2-3 dollars, that's already 200-300 bucks, and if there are 1000 per day, which is quite possible. That is, as you understand, the scalability of this topic is quite good, if you, of course, have the resource to spam everywhere, because now it is much more difficult to do than, for example, a year ago. Let's move on.
Chapter 2. Scam on P2P training.
An offer of work in cryptocurrency with minimal investment, but maximum income already sounds like a household name, which means "I'll scam you now" and in fact this is not far from the truth because the scheme I'm going to tell you about is
aimed at this.
Scam scheme P2P training.
I will consider a scam topic that works in the top of Telegram for search queries: "cryptocurrency", "cryptocurrency training", "P2P training" and everything in this vein.
Having written to the manager what kind of work is this? I receive the answer that this is work with P2P arbitrage.
P2P arbitrage is buying cryptocurrency cheaper in one place and reselling it in another at a higher price. Earnings here occur on the price difference, that is, on the spread. They bought it cheaper somewhere, sold it at a higher price. This is where the income comes from.
And indeed, such a method of earning in cryptocurrency exists, and many earn on it, but, I will say right away, those people who really earn on cryptocurrency arbitrage will never expose their schemes. But more on this later. Even further, having delved into the chat and communicated with the training manager, we learn that we will be given cryptocurrency arbitrage schemes. Our task is to buy, for example, cryptocurrency on Binance and send it to some other place where the price is higher, or buy it cheaper somewhere else and send it to Binance to sell it more expensively, taking the difference for ourselves.
Everything really sounds very coherent and even quite logical. This pseudo-teacher, who scammed, will earn money on your percentage, i.e. you were given a scheme, you earned and will have to give the percentage back to the person who teaches you. Then the situation in the chat will look like this - you will be given one, maybe two schemes with a minimum spread of 1-2%. Something really working, which works and where you will not be cheated. The second time you will be given a scheme and in principle everything will be okay. The third time you will be given some incomprehensible exchanger, which will really return your money and return it with a very good profit of 8-10% on top. And the fifth time, let's say it will be the fifth, everything can end much earlier. You, filled with absolute trust in your teacher, charge a much larger cutlet than it was the first times. You can't be deceived, right? And the fifth time, when you are given a new scheme, one of the links in your arbitration, where you actually have to send money, will be their exchanger, or their acceptance. That is, you just banally send them money, and your 1000, or 5, or 10. Even such cases, I heard, fly away to scammers. You are sent to the block, curtain, the end. Congratulations, you fell for a rather banal scheme. Is it a shame? Of course.
Write your opinion in the comments. Have you ever had something similar? Have you been scammed on the Internet? It will be interesting to read, by the way, a pretty good option to look for topics for new manuals.
How to recognize a crypto scammer?
Look, the distinctive feature of these scammers who work on P2P scam is very licked profiles - sugary boys on avatars in channels, propaganda of successful success, cars, women and a lot of money. If you see something like this, then with a probability of 95% I guarantee you that you will lose your money by contacting such individuals. Think more often about why a person is doing this at all and the answer is that he has earned millions of dollars and is simply looking for recognition and now he feels, right now, that he must share something with the people. Well, that is, with the servants, who he considers you to be, I will reveal a secret to you - do not fall for vozdukhov, this is all banal dust in the eyes. The less you believe, the better to double-check 10 times.
The earnings of these individuals are extremely individual. Everything has worsened with the latest Telegram innovation and the changed issuance of the top search in Telegram. They mainly lived there. Now it is much more difficult to get into the search, and lately they are practically invisible there.
I will be the one who will drive a nail into the coffin of these merchants. So help me so that we can develop even faster, and more people can see and understand how not to lose their money out of thin air. Because if you know 10 schemes, you will understand the 11th without any problems at all. Let's move on.
Chapter 3. Phishing and fake links.
The biggest enemy in the crypto space is the user's inattention. The more inattentive you are, the easier it is to lose money. And one of the ways scammers steal money from, I won't even say, distrustful users, but rather just inattentive ones, are phishing links. Most often, the mailings contain links to popular services such as Binance, Bybit, that is, exchanges, or some exchangers. In Europe, for example, there have been more and more cases when SMS literally come from Binance, and it looks extremely, extremely plausible. I'll be honest, the first second I received something like this, I was a little scared, because everything is really one to one, like the original, but no.
Another option is knowing that you are using a wallet, for example, Exodus, and they send you a fake letter, which contains a fake link, with which you go to the site. And, in fact, all the magic begins on this site. You will be asked to either restore your wallet, or instantly link your wallet, or sign some incomprehensible smart contract. Your money is gone in an instant.
And here Metamask suffers most often, it's true. But still, the variability of scams of such methods is extremely high, and the fact that I will tell, for example, now 10-20 schemes, how people are thrown on phishing, nothing will really change. People were thrown, and will be thrown.
How to protect yourself from a scam in cryptocurrency?
I would give an absolute and 100% warning to the readers of this topic.
Forget about clicking on any external links absolutely. Use two-factor authentication and do not trust incomprehensible contacts. And even verified contacts with whom you communicate for a very, very long time. At that moment, when you are sent links that are usually not sent. Ask again, clarify whether he is sending this link. This applies not only to phishing, but to absolutely everything. If someone wants to borrow money from you. Make an extra confirmation with a request - write down a circle or better yet call to be absolutely sure. You will lose 10 seconds of your time, not money, so use it, you are always welcome.
The info was extremely useful, I am sure of it, so subscribe to this YouTube channel and leave a comment with the desired topic for analysis in the next topic. And of course, if you do not know who is Mammoth in the scheme, then Mammoth is most likely you. Take care of yourself.
Contents:
- Introduction
- Chapter 1. Scammers Seed
- I reveal the scheme of Seed scammers
- Chapter 2. P2P Education Scam
- I reveal the scheme of the P2P education scam
- How to recognize a crypto scammer?
- Chapter 3. Phishing and Fake Links
- How to protect yourself from cryptocurrency scams?
Introduction
I got into crypto scam teams, what I learned will make your hair stand on end. In this topic, you will learn several cryptocurrency scam schemes, how not to get caught, how much do these types of dealers earn, and of course, when will they get screwed.
Chapter 1. Scammer Seed.
Quite often, in videos with cryptocurrency materials on social networks, very strange scammers are at work in the comments, it would seem, who are trying to send their seed phrases with incomprehensible requests to go in and do something with the cryptocurrency that is in their wallet.
A passing citizen will think, come on, this is just a freebie, now I will go to the wallet, send money and earn millions of billions. Isn't that right? Let me reveal the scheme and how it actually works.
I will reveal the Scammer Seed scheme.
Teams of scammers, most often schoolchildren, gather in groups and create wallets in which the software works. And here is where the devil lies, I'll explain it more simply.
The Tron blockchain, or similar ones that can also be used in this scheme, work in such a way that external wallets such as Exodus or TrustWallet, you cannot make a transaction in USDT, that is, in cryptodollar, without having the coins of this blockchain, that is, Tron, BNB and all that stuff. That is, you need to have both USDT and Tron for the commission, without this you will not be able to make a transaction.
And people, going and opening a wallet by seed phrase, can really see money there 200, 300, 500 and a thousand dollars, sometimes they put it there, but the point is that you will never be able to withdraw this money in any way, alas.
Let me explain it even more simply. A person, seeing such a wallet, thinks, should I now top up 2-3 dollars, unfortunate, for the commission in order to withdraw this balance of 500 bucks. And here a fatal mistake will be made.
The software I mentioned earlier works in such a way that all transactions that get to the wallet are instantly transferred to another, that is, you will not have time to withdraw money from the wallet in any way, you will simply pay a commission of 2-3 bucks, and as soon as they arrive on the wallet balance, they will be instantly withdrawn to another. Accordingly, you are left without 2-3 dollars and without the money that was in the wallet. That is, de facto, the money remains in the wallet, namely dollars and USDT, which lured you, but your commission that you sent, no, it is already in the hands of the fraudster.
And the more people who enter this wallet, because this is not limited in any way, although thousands and millions of people can enter, the more these people earn. There can really be a huge number of transactions. And if we take into account that these pseudo-commentators have proliferated not only on YouTube and TikTok, their comments on social networks number in the thousands.
And imagine if at least 5 or 10% of this mass of people who saw this comment or sitphrase go in and transfer money for 2-3 dollars, it would seem like crap, very little, but 100 people for 2-3 dollars, that's already 200-300 bucks, and if there are 1000 per day, which is quite possible. That is, as you understand, the scalability of this topic is quite good, if you, of course, have the resource to spam everywhere, because now it is much more difficult to do than, for example, a year ago. Let's move on.
Chapter 2. Scam on P2P training.
An offer of work in cryptocurrency with minimal investment, but maximum income already sounds like a household name, which means "I'll scam you now" and in fact this is not far from the truth because the scheme I'm going to tell you about is
aimed at this.
Scam scheme P2P training.
I will consider a scam topic that works in the top of Telegram for search queries: "cryptocurrency", "cryptocurrency training", "P2P training" and everything in this vein.
Having written to the manager what kind of work is this? I receive the answer that this is work with P2P arbitrage.
P2P arbitrage is buying cryptocurrency cheaper in one place and reselling it in another at a higher price. Earnings here occur on the price difference, that is, on the spread. They bought it cheaper somewhere, sold it at a higher price. This is where the income comes from.
And indeed, such a method of earning in cryptocurrency exists, and many earn on it, but, I will say right away, those people who really earn on cryptocurrency arbitrage will never expose their schemes. But more on this later. Even further, having delved into the chat and communicated with the training manager, we learn that we will be given cryptocurrency arbitrage schemes. Our task is to buy, for example, cryptocurrency on Binance and send it to some other place where the price is higher, or buy it cheaper somewhere else and send it to Binance to sell it more expensively, taking the difference for ourselves.
Everything really sounds very coherent and even quite logical. This pseudo-teacher, who scammed, will earn money on your percentage, i.e. you were given a scheme, you earned and will have to give the percentage back to the person who teaches you. Then the situation in the chat will look like this - you will be given one, maybe two schemes with a minimum spread of 1-2%. Something really working, which works and where you will not be cheated. The second time you will be given a scheme and in principle everything will be okay. The third time you will be given some incomprehensible exchanger, which will really return your money and return it with a very good profit of 8-10% on top. And the fifth time, let's say it will be the fifth, everything can end much earlier. You, filled with absolute trust in your teacher, charge a much larger cutlet than it was the first times. You can't be deceived, right? And the fifth time, when you are given a new scheme, one of the links in your arbitration, where you actually have to send money, will be their exchanger, or their acceptance. That is, you just banally send them money, and your 1000, or 5, or 10. Even such cases, I heard, fly away to scammers. You are sent to the block, curtain, the end. Congratulations, you fell for a rather banal scheme. Is it a shame? Of course.
Write your opinion in the comments. Have you ever had something similar? Have you been scammed on the Internet? It will be interesting to read, by the way, a pretty good option to look for topics for new manuals.
How to recognize a crypto scammer?
Look, the distinctive feature of these scammers who work on P2P scam is very licked profiles - sugary boys on avatars in channels, propaganda of successful success, cars, women and a lot of money. If you see something like this, then with a probability of 95% I guarantee you that you will lose your money by contacting such individuals. Think more often about why a person is doing this at all and the answer is that he has earned millions of dollars and is simply looking for recognition and now he feels, right now, that he must share something with the people. Well, that is, with the servants, who he considers you to be, I will reveal a secret to you - do not fall for vozdukhov, this is all banal dust in the eyes. The less you believe, the better to double-check 10 times.
The earnings of these individuals are extremely individual. Everything has worsened with the latest Telegram innovation and the changed issuance of the top search in Telegram. They mainly lived there. Now it is much more difficult to get into the search, and lately they are practically invisible there.
I will be the one who will drive a nail into the coffin of these merchants. So help me so that we can develop even faster, and more people can see and understand how not to lose their money out of thin air. Because if you know 10 schemes, you will understand the 11th without any problems at all. Let's move on.
Chapter 3. Phishing and fake links.
The biggest enemy in the crypto space is the user's inattention. The more inattentive you are, the easier it is to lose money. And one of the ways scammers steal money from, I won't even say, distrustful users, but rather just inattentive ones, are phishing links. Most often, the mailings contain links to popular services such as Binance, Bybit, that is, exchanges, or some exchangers. In Europe, for example, there have been more and more cases when SMS literally come from Binance, and it looks extremely, extremely plausible. I'll be honest, the first second I received something like this, I was a little scared, because everything is really one to one, like the original, but no.
Another option is knowing that you are using a wallet, for example, Exodus, and they send you a fake letter, which contains a fake link, with which you go to the site. And, in fact, all the magic begins on this site. You will be asked to either restore your wallet, or instantly link your wallet, or sign some incomprehensible smart contract. Your money is gone in an instant.
And here Metamask suffers most often, it's true. But still, the variability of scams of such methods is extremely high, and the fact that I will tell, for example, now 10-20 schemes, how people are thrown on phishing, nothing will really change. People were thrown, and will be thrown.
How to protect yourself from a scam in cryptocurrency?
I would give an absolute and 100% warning to the readers of this topic.
Forget about clicking on any external links absolutely. Use two-factor authentication and do not trust incomprehensible contacts. And even verified contacts with whom you communicate for a very, very long time. At that moment, when you are sent links that are usually not sent. Ask again, clarify whether he is sending this link. This applies not only to phishing, but to absolutely everything. If someone wants to borrow money from you. Make an extra confirmation with a request - write down a circle or better yet call to be absolutely sure. You will lose 10 seconds of your time, not money, so use it, you are always welcome.
The info was extremely useful, I am sure of it, so subscribe to this YouTube channel and leave a comment with the desired topic for analysis in the next topic. And of course, if you do not know who is Mammoth in the scheme, then Mammoth is most likely you. Take care of yourself.
Last edited:
