Topic: Common NFT scams and phony Telegram supports (Read 159 times)

Very good guide.

I think that the airdrop thing is definitely the most effective at getting people, honestly.

People think that it's free money but at the end of the day they are likely wasting their time and/or paying money to scammers without any reward. If a project needs to airdrop to keep afloat, then it's probably not a great project to invest in in the first place.

But crossing the line is something that some people do really love because they do know that they could possibly earn tons if they had done it right but speaking with common thing then this is something differs on each person because there are some who do really ignores even they are much aware the probabilities.

With just using up your own common sense then you could really make yourself avoid on possibly being scammed and its not surprising that whenever there's a trend then scammers would really
make use of it to join or ride with the hype and when fomo happens then this is where most people do commit out some mistakes and being scammed.

Personally, I don't think the bolded statement you made is a new scam that particularly only happened because of NFT. I mean those scam attempts have already existed way before the NFT boom, it is just like the rehashed scam scheme of what has already been done.

The point is, I presume that what made scams became more and more happening are because the NFT are really making a lot of non-cryptocurrencies users bat an eye into it, and then participate in this space. And I'm sure a lot of them are non/less tech-savvy people.

I think that if only they have a basic understating about what is a private key, and what is seed keys, etc, in short, basic knowledge about how to safely and properly store a crypto asset, they would have a basic common sense about how these spaces(cryptocurrency) really works.

Same template but from different names, colours and platform. If someone is very strong with their common sense then they can avoid from being a prey to these scammers. If not then simply set your mind to few coins which are popular and never cross that line until you have clear knowledge.

Am not surprise, telegram is a hub of all sort of scammers, they always hang around to either impersonate team members,  admins or an entire project, proper caution is needed to avoid falling into scammers nest, it is like a wide wide west in telegram platform,
Unfortunately it is the most used platform for crypto enthusiast, if this scam activities can't be curtail soon projects will use more of discord platform.

The NFT world is a dangerous place. I never thought I would become familiar with using Twitter audits or evaluating the originality of digital artwork. There really is a lot of ways developers can screw people with NFTs, so I guess my advice would be to stay away from small projects making big promises and look for developers who are pioneering new ideas. DAOs, staking, royalties… These are ideas the big boys are still implementing, so if a small project pops out if nowhere claiming they’re going to do it, maybe don’t be quick to take them at their word. NFT rug pulls are devastating because the NFT images don’t reside on the blockchain and can be ‘disappeared’ at any time by their developers.

They wont be gone as long they do know that they can milk out money from those newbie or greedy investors or players here on this market and now that NFT is on the trend then i do see lots which are been victimized
by scams because they havent checked out the legitimacy of the project and most people been falling out with that scammy support which would be the ones will really PM you specially in telegram.
I had already some experience on this one but with having your own common sense then legit supports wont really be pm'ming you first which would really tell you that something
isnt right.

These scammers will never be gone in any form of business here in cryptocurrency, this is the saddest thing, were there is no way for them to be gone. And the only thing we can do is to smart and aware for their tactic strategy to defraud unsuspecting people to steal their funds. Especially, nowadays, NFT was very trending now where most of the NFT games arise in the market and in youtube as well.

It's unfortunate that scammers would always find a way to defraud unsuspecting people of their funds. Recently I saw an NFT sale in which the seller enticed buyers with some unknown tokens. Something like..... "if you buy this NFT, I will send x token to your wallet, dm me your wallet on Twitter after you purchase".

New methods are being devised every day, my advice is that one stays vigilant.

New trends often give rise to new scams, and with the introduction of Defi, fraudsters have utilized a plethora of tricks to entice people into trapping and stealing their money. NFTs are not new to us, but the desire for them and how valuable they are has lately gained the attention of many media outlets, which, as you know, is always a signal and new employment for fraudsters to start a new method of exploiting the uninformed ones.

NFT are one of the most in-demand Defi applications since they are scarce, unique, and because only one entity of them exists, those who value it will pay any amount to acquire it before anybody else. The values that come with them have enticed fraudsters to go to any length to get your money.

These are some of the more prevalent methods fraudsters have used to defraud users of their NFT arts.

Cloning of NFT markets: Because of the nature of NFT, they cannot be listed on exchanges in the same way that other coins and tokens are, therefore NFT are usually auctioned on prominent NFT marketplaces such as Opensea and Rarible. Some Defi projects make their own marketplace available to their investors and token holder but scammers always find their way out to clone these websites just like the conventional ways hackers do to online banking where they copy every feature of the bank and ask you to input your sensitive information and also credits, these are no way different in NFTs markets too, NFT markets script can be purchase online and they can clone them and make you purchase a fake NFTs in exchange for your ETH and BNB which are the popular networks that support NFTs.

Online Telegram support: You should be aware that Opensea does not offer telegram group chat assistance since it is difficult to maintain owing to the numerous impersonators and frauds that occur on the platform on a regular basis. Rarible used to have a Telegram group, however, it was later announced that they had migrated to Discord due to difficulties in controlling fraudsters and the amount of reported scams. If you are dealing with NFTs on those two largest NFT marketplaces, stay away from Telegram, if you have any problems, you may check the online support on their website, but you should also be wary about the website. Don't make complain on open social networks. it's no different from Telegram, except that Telegram has become a haven for fraudsters due to the rise of cryptocurrency.

As you can see from their official Twitter handle, you can only get support via their website or Discord, avoid telegram like you avoid a plague.



Regarding the rest of the projects that have their own NFT markets place, you should be aware that most admin will never send you a private message asking for private keys or any other sensitive information. Instead, tailor your problem to the appropriately tagged admin in the official group, and he/she may direct you on how to resolve the issues.

NFT giveaways: This never gets old, and I despise anything free. Airdrops were given out during the previous bull run where everyone received free tokens and coins from new projects, but that has changed recently. The only available airdrops you see around are mostly for promotion and for loyal investors, particularly those who stayed with projects during their early stages and those who invested in them. In some projects, the only method to obtain NFT is to hold their token and stake them in exchange, you get randomly picked for this NFTs airdrop. Don't lose your wallet for free stuff that doesn't worth it.

Avoid been associated with NFT projects because of Artists and celebrities: Artistes and celebrities, in general, are just regular people like you; this isn't the first time they've taken on new projects for the sake of a few checks, similar situations have occurred in the past, and they were later fined for getting followers invested in new projects, according to some reports from SEC website. This is not an exception, they will sell them to you and return to their way of life in the entertainment industry. Buy NFT from trustworthy organizations and projects that will provide you with security; don't buy items you will later regret; and even if you are following an artiste for NFT, you may make the mistake of purchasing the wrong NFT due to impersonators.

Fake Projects: Defi is a new place, and no regulations have been put in place to protect investors, so your chances of being scammed are quite high. Do your study and due diligence before transferring all of your funds in the name of an image that may end up in the hospital, scammers do not deserve your attention.