ANATOMY OF SCAMS - page 2. | Bitcointalksearch.org

ANATOMY OF SCAMS

All of us who is familiar with crypto, saw a lot of scams that stole a lot of money from investors. In this topic I will try to describe how easy it is for scammers to create a fake ICO.

1. Website: Any scammer can buy a very good looking template here. https://themeforest.net/search/ico ($40-80)

Domain + Hosting ($200)

2. Whitepaper: Scammers can order a quite decent whitepaper on fiverr for $500 https://www.fiverr.com/search/gigs?acmpl=1&utf8=%E2%9C%93&source=top-bar&locale=en&search_in=everywhere&query=ico%20whitepaper&search-autocomplete-available=true&search-autocomplete-type=suggest&search-autocomplete-position=0

3. Token and crowdsale contracts: Scammers can do that without any programming knowledge by using Artemine https://bitcointalksearch.org/topic/ann-artemine-first-self-mining-smart-contract-20-2153950 http://artemine.org/ ($100)

4. ANN design https://bitcointalksearch.org/topic/service-ann-legendsters-crypto-promotional-copywriting-services-2784850 ($250) There are more services like this.

5. Advertising on YouTube Decent crypto channels will charge $1500 - 4000 for a good review.

6. Bounty campaign manager $200-250 a week.

7. Team mebers. Scammers can hire some unknown dudes with just a lot of followers by promising them a share from their ICO or they can fake LinkedIn profiles via boosting services https://www.linkedjetpack.com/ ($800 for a 4 fake profiles)

8. Alt accounts for bumping the treads Scammers are buying accounts in Russian board "Goods" where you can buy any account starting from Juniors and finishing with Legendary members. Junior member account costs 1000 rubles ($16) So 20 accounts that are more than enough for thread bumping will cost $320. https://bitcointalksearch.org/topic/--2682694 https://bitcointalksearch.org/topic/--4445925

9. Shilling services Shilling services are cheap. $1 per post for juniors and members and $ 2 for higher ranks. So scammers can afford a army of paid shills . The problem is that shills are from India; Pakistan; Russia e.t.c.... That dudes are using google translate or just copying the posts from other threads. Anyone can hire them via telegram. That service is mainly used by scammers for bumping their threads or for shilling. https://bitcointalk.org/index.php?topic=2879512.0;all

So any fucking idiot can spend around $7000 - 8000 and then steal millions from people.

Please fell free to add anything to list.

Topic: ANATOMY OF SCAMS - page 2. (Read 448 times)