Disclaimer :
This information is based on my opinion and experience, you can add and correct my mistakes for the benefit of everyone Motivated by
dasunlanka
INTRODUCTION Global adoption, recognition and acceptance of cryptocurrency will be the best thing investors, traders and bounty hunters in crypto community will be happy about. However, the linear relationship between cryptocurrency trend and scam strategies can not be separated. This activities are widely carried out on social platforms and most commonly one is Telegram.
Telegram is an open source message app where projects raised community members for easy interaction and update everyone, these range from normal projects of many coin on markets cap and crypto exchanges.
With this App, You can interact and send message to a non contact member that's why it's easier for scammers to penetrate and prey on some innocent and naive members.
Common Telegram scam After many encounter and research, I have come to realize that as crypto trends changes, so as scammers changes their tactics on how to hunt your money and coin. The commonly ones are:
- Telegram exchange support
- Daily Investors and advisers
- Telegram Bot
- Trading Signals
- Escrow scam
- Api scam
Telegram exchange support: You will always come across this set of people in every telegram exchange group, they are always impersonating the admin.
They often used the same name as the admins of the group by changing their names and similar usernames.
Be careful, there is no any exchange support on telegram, admins can only help by forwarding your ticket only which you must have created on the exchange. Don't give out your login details such as emails, username and password outside the exchange, they will rip you off, of your hard earned fund.No admin will ever pm you on telegram, block them instantly the moment anyone come to your pm.
Daily Investors and company advisers: you will always find these annoying set of scammers in every telegram groups, they will come to your pm, telling you to invest in some shady business, there isn't nothing like easy business or profits. This is where you find cloud mining scammers, dont fall for this cheap scam as most cloud mining always results to exit scam. You can do more research on how innocent investors ended up with loss on cloud mining.
Telegram bot: This is another form of telegram scam that has been going for years, it's always a waste of energy referring your friends and foe to a bot that promise to pay you Ether and Btc. When you finally reach the point for withdrawal, they will request you to make deposit small amount of Ether or Satoshi before you can make complete withdrawal of your referral. Don't fall for this, I know it's a small Satoshi but imagine thousands of people fall for this, that's cool money for
one cone head bastard scammer. There isn't free money even in free town.
@BTC_Faucet_bot
@ETH_Faucet_bot
@cloud_mining_hashrain_bot
@FarmBitcoin_bot
@animalfarm_bot
@CashRobotsBot
@bitgoldmines_bot
@RocketMoneyBot
@BitcoinMining_Bot
@BitcoinMines_Bot
@bitcoin_cloudmining_bot
@cloud_mining_hashfire_bot
@bitcoin_cloud_mining_flare_bot
@cloud_mining_btc_bot
@BTC_Cloud_Bot
@CarDOGE_bot
@CarLTC_bot
@CarBTC_bot
@CarETH_bot
This one is general, you will come across them on bitcointalk, how they offer free signals, when to buy and sell and also provide some premium service for VIP members. They often show off their profits and PNL and how easy it's for them to make fortune on trading. Avoid them as plague, no trader is 100% accurate, you can learn some trading skills on YouTube for free and Udemy for just a token and help yourself on trading.
Escrow groups: we sometimes found our self with some coins and tokens that require KYC on some exchanges before one can trade them, while identity verification is very tough on some exchanges, this coin can be sold to anyone but you must avoid some third party groups.
Check service and lending board, you can easily locate good and reputable escrow on bitcointalk, their Trust and merit speaks for them.
Api scam: Avoid unrecognized Api services that aren't recommended by your exchange, if you must use Api on third party App, contact your exchange support if their services are legit and secure.
