Topic: Don't trust social media (Read 691 times)

But to me, these are obviously scams. How can someone claim to be the one who will be funding another person's wallet or creating it for them just because they meet online? It is surprising to see that these kind people cannot be trusted. You can’t trust these people online, and anyone who makes these mistakes is acting as if he is not the owner of the wallet because they will share the private key and public key of that wallet. These people are scammers, so they can pack the money in the wallet at any time they wish to do that or change the password so the real owner cannot  access the wallet after funding it.


Normally, people must fall for this scam, and mostly they will be people who are new to crypto and don’t want to learn, so they think these will be an easier way for them to get what they want. They don’t mind going for more research after seeing information online, which is why they always fall victim to scams.

Anyone can open an account on social media whenever they want and there are a lot of fake accounts out there.  Social media is never a standard medium through which anything should be transacted  So social media should not be trusted at all. Social media is a place of entertainment, only entertainment should be taken from it, using it for any transaction is naturally high risk. Many people get cheated through social media as a result of their carelessness

People will easily commit fraud if we are unable to verify the truth and this all happens because the knowledge we have is very minimal. There are various social media which some people use to make money and they make videos or news based on their knowledge. Our job is to verify before accepting and implementing it because otherwise it would be a shame to have an idea but not use it.

That's why I prefer reading posts on forums compared to other social media, it doesn't mean I don't like other social media, but in forums we can directly communicate with each other if something is wrong. Social media is increasingly widespread and it is difficult to control the truth if it cannot be verified and knowledge is the basis so that people are not easily deceived.

really agree with this, anything that doesn't make sense will bring badness. Scammers will take advantage of your carelessness with the promise of big rewards, when the fish is successfully baited, gochaaaa, your money will be gone in an instant. in cryptocurrencies scammers take advantage of people's greed to gain profit.

That's because beginners don't have basic knowledge about what they want to look for. They will tend to be tempted by attractive offers on sites or social media. They will try to catch up and look for more information about what they see. Unfortunately, they also don't find out if the offer is genuine or fake.

After they accepted the offer, they felt that the offer was fake. That makes them disappointed and they are still looking for other things. But if they don't want to find out more about what they got, they could be fooled again. And there is a possibility that they will lose more than before.

That is why if we read information, we have to look for other information to find out whether the information is genuine or fake. These scammers have deceived many people so we have to make sure that it is genuine. If we can prove it is genuine based on other information we get, we can join or use it. We must be responsible for ourselves so this precaution is very necessary.

You are absolutely right about that mate. these Scammers know human sychology very well. they create a scenario and make people believe that they are missing out a huge opportunity. so they jump in hoping to earn some money and then end up getting scammed. it is very unfortunate but very true.

They use different methods for luring people to send them money. I don't know exactly but I think by the screenshot he will confirm if the person actually have the money, then he would ask him to send him some money to he could double them for him. or maybe ask them to send small part of his money for his fee.. unfortunately there are many people who fall for such tactics.

What we see here in this post may appear joke this is how many have fallen into deep mess of loosing their account and fund, why seeking information and sorting way to succeed in the struggle of crypto and Bitcoiner due to lack of information, lack of verification before sending out their details. Over speeding to make it are most of the courses of fallen such victim. The poster here is really pointing out area beginners need be careful not to fall prey in pursuit of making it quick.i really commend it's a great lesson to learn and have it at the back that people if this kind who is looking for means to scam others are always there at all time mostly on the social media standing as their domain.

I won't be surprised if someone fall for this scam.
Anyways, so people are so gullible and unwilling to learn and try their hands on anything, instead be looking for who will help them do everything.
There are some things I learnt on this space by simply doing research and asking those ahead of me questions. That's the only way to learn.

Lots of my friends on social media have already fallen to these kinds of scams and what is worse is, that they have asked for their account, and when they gave it to the scammers, they posted such as this one with their pictures along with their IDs and sometimes my poor friends was asked to record themselves while saying some words of encouragement for the investment scam. which they regretted after their account was stolen. It's all because of money and they quickly believe those sugar-coated words even though it was a scam and they forgot all of it due to what they have been offered and what the scammers sent to them, they were not aware that pictures and videos can be now easily edited by the help of AI.

I believe that one of the scammer most used messaging app is Telegram and the other one is whatsapp. There something into it that scammers like and ofcourse the number of people registered on these messaging apps. I personally see a lot of "contact me on whatsapp" type of post, most of this kind of post are just scams or will take advantage of you that's why I don't really like engaging in these type of people.

There are people who can be a victim to this scam, they aren't aware of this and mostly they don't even know how to run an android emulator. This is why there are still people who are falling to this obvious tricks by the scammers.

If something is too good to be true, then it's not true.

Beware­, scammer can attack from anywhere, e­ven popular apps like WhatsApp. They'll use­ tempting texts and links. Don't tap on links, particularly on your mobile. It risks re­vealing personal information like your mobile­ banking details or any you data. Always checking valid link or if you install app like android make sure use Android emulator.

Scammers will definitely make some dramas more interesting to the newbies. I believe those who commented below are not actually other persons but most likely part of the scamming team. With this, newbies would easily fall on this trap believing that the drama is real and would also want to be one of those people who aim for a quick income without even doing some thorough research and studies.

If there can be a place that looks highly deceiving these days, that's certainly the social media. We don't actually know these persons but it seems like they really are smart enough to get our attention and invest in them with very positive expectation afterwards.

What causes some people to fall victim to scams on social media is as a result of desperation like people can't just chill and confirm how reliable the source they got information from are, all they do is that they want to be the first in whatever that's trending online. The earlier people stop following everything they see on social media the better for them because as days goes by that's how fraudsters and scammers look for more convincing ways to confuse their victims so it is important for everyone to be at alert and verify every information that's been posted on social media before getting involved. Just imagine creating wallet for people isn't it a violation of the person's privacy as they would hold their seed phrases thereby gaining access to their coins at their own will.

It is very sad that despite the level of sensitization that have been created to the public about online scams and frauds, alot of people still fall to this online scammers and fraudsters and until people stop being desperate of getting involved in whatever information they see on social media without proper verification then the rate of victims to this kind of scam would reduce.

Believing in the power of social media is a personal choice and acknowledging everyones right to privacy is crucial in navigating the digital landscape . New users often encounter limitations and the initial stages can be challenging as reliable sources may be elusive . Beginners may make mistakes, but the eagerness to seek help is evident. Cultivating a habit of thorough and diligent reading becomes pivotal in overcoming obstacles and making informed investment decisions in the complex world of cryptocurrency . 

Scammers will really make it more attractive for newbies so they can easily take advantage on their innocence, so it’s not surprising to see a lot of newbies falling into this kind of trap seeing it really looks legit if you look it at the newbies point of view. The important thing here is after being scammed, they learned their lesson and won’t fall on the same trap again, but will educate theirselves more so they won’t be easily scam in the future.

It is big reward many scammers normally use to catch their victims especially when they are greedy and not ready to take any necessary research about what they are about to invest their funds. Wise investors would not be tempted with bigger offers just to invest in a particular coin. It would be wise we study our decisions so that we don't become freak about cheap offers that could lead us to a bigger loses. Cryptocurrency is profitable but sometimes greed is always our problems.

Remember, scammers first target you to motivate your mind. So the procedure they use is to hit your brain directly and convince you to trust him. Until you are deceived, you can't realise they are going to scam you. Although scammers can't convince most of us who are familiar with such stories,  a few newbies always become victims. Someone somehow falls into their trap; most likely it's due to greedy behaviour and quick-rich methods. However, never follow social media for financial decisions. Just use social media for learning purposes.

The point is that every news we see and read also needs evidence to be able to consider it true, because remember there are many people who make fake news just for certain purposes. I don't know of any particular reason why people would deliberately create fake news for the sake of it, because it could deceive more people if there is no special filter on what they read. So it is very important not to immediately believe every new news whose truth is still very doubtful.

not only on social media, but throughout the internet, don't trust anyone, especially when it comes to money, one step you will regret forever. too many scammers are stalking your innocence in this world. so for beginners be careful.

my advice
1. If someone promises you a big reward, leave it!!.
2. if people offer investments with very higher returns than usual. leave it!!.
3. If you are asked to hold large amounts of money on a website, be it Bitcoin, ETH or others. leave it!!.
4. if someone promotes shitcoin with the words the next shiba, doge, etc. etc. leave it!!!

Basically, leave anything that doesn't make sense.

It is a NO-NO unless that person is your trusted friend or one of your family members. I don't know how the world changing as it is really hard now to trust strangers, most of them are scams especially when it talks about money.

Knowledge is hereby our advantage and tool to avoid falling into scam attempts or any evil plans. I'm not yet experiencing this thing because I was too careful in dealing with other people and I did research first, reviewed feedback, etc.

I consider social media to be a source of good information, it was before but now, this is a tool for scammers and hackers.

It is so obviouis that this is a scam. even a 10-year-old kid can tell how scammy it looks. lol
Honestly if there are any grown-up people who fall for this kind of shit. then they are very stupid.. as saying goes there will always be enough stupid people for scammers to scam. I am sure a lot of people fell for that which really sad.
@OP I must thank you for creating this thread and warning people here. I hope anyone from this forum who read this post at least not fall for this or any other scam like this in future. we should all do our part in warning as many people as possible. because educating others in crypto is really important.

As funny as it sounds, a lot of people will fall for this obvious scam. A lot of person's don't want to painstakingly read through the process of making or creating something own their own, hence creating the lacuna for scammers like this to have a filled day. If you create a bitcoin account for me, it simply means you can easily withdraw my funds since you where the one that created it and you have my login details. Social media is one place that needs to be sanitised on a daily basis, because a lot of people are gullible out there. if we allow this scammers have free space especially on social media, they will end up hoodwinking  the vulnerable one's among us nonstop.

Obviously, newbies are always the prey for these scammers. They easily get scammed through social media and they forget to very every little information about what they received through the social media. Their desperation has caused many of them their fortunes and lots more. Until they encounter such they would never learn but rather keep falling for scams that they could easily verify.

Scammers always have their own ways of getting at unsuspecting individuals through their posts and comments. They make post and their fellow scammers would reply them commending their good works which makes it obvious that they are same syndicate and it takes only a calm headed individual to note them and do away with their gimmicks.

it's funny how this guys have become too good at deceiving people with sugar coated words to become victims of their evil plot. And the reality is that so many pertains that don't know how the wallet works will easily fall victims and ask that he creates a wallet for them thereby giving out their seed phrase willingly to an outsider.

The truth is that scammers are very tactical individual and would continue bro going up tactics to lure unsuspecting victims and people would always fall into thiwr traps.

this is so true, the best any person that feels he should help you can do for you should be to teach you how to do things, I get really uncomfortable when instead of teaching me how to do things by myself you want to help me do it and the only knowledge I have is just damn one sided.

Make the sacrifices of doing your ow personal research about anything before ever venturing into it. It might just cost you small data and time but what ignorance will cost you is unimaginable.

Surely, scammers won’t be posting negative comments that would ruin their plan, but will filter those negative ones and chose positive comments that will attract its viewers most especially for those newbies who are eager to gain quick profits. And most likely, those who post positive comments are just also part of the scamming team so that it will look more credible and realistic on the eyes of the future victims.

While scamming has become rampant in social media, but a lot still end up falling on their traps. Most probably because of greed, and the lack of knowledge of these newbies that lead them to believe on what is clearly too good to be true or scams.

It's a blatant scam. I wonder if newbies can fall on an obvious scam like this. Imagine you a newbie, investing your precious money to not do a simple research about how to use bitcoin. People who are lazy enough to rely on others rather than educating themselves are the one who can get scammed easily. There are  so many opportunities on cryptocurrency but I think newbies should at least learn the fundamentals first and stop thinking that investing on cryptocurrency will make you rich overnight.

This criminals always work in groups, they have there cronies in every areas to convince their victims that they're legit, so if the victims go to the comments section they'll see a lot of good remarks from other investors, not knowing that the commenters and the scammers are all working together. So trusting an unknown site on social media, because unknown persons are endorsing it on the same social media is a big mistake, we must treat every unverified links and sites in the social media space with carefulness and distrust, because scammers will consider every areas of suspicion and try to cover their tracks so the scam will look very legit. I don't think that media outlets can do much to curb these menace of scammers, so the only option left for individuals are to carry out research before engaging in any unknown social media transactions.

This is not nice for the crypto community and this when succeeded by this scammer will make most of his victims not to trust cryptocurrency and generalise it as a scam. A lot of this scammers are the ones that are scaring people away from adopting the use of this technology and all what they see is that they’ll be scammed which a bad ideology for newbies to have because they won’t be willing to learn more even when they’re trying to convince them on the right thing to do due to their initial experience about it. I hope most of this scammers will not succeed in their aim because they only make it hard to have more people that will embrace this technology.

It pains me seing that people are more likely to fall in for things that are fake than the ones that are genuine and real, that is why most of the social media influencers ended up getting a number of them to a fake and untrusted deals on unsolicited websites, at the end money is involved and they got attacked and fake it all, it's not that we cannot make money through online things, but we have to be careful from what we hear others saying just to lurk us into their trick and attack us instead.

Exactly because some links, if you click them, they will take advantage and get all of your information in your phone. If you read that op thread, someone who knows what he is doing will know that is a scammer. How can someone you don't know say he will open a wellet for you and you should transfer your bitcoin to the account? That is why it is best to be very cautious when doing anything online. Scammers use a variety of methods to trick individuals when they believe they do not comprehend something.

Sometimes I reason that people who scam through social media don't know what they are doing or they just decide to take the task, because how can scammer say if you deposit money in this website or platform you will get double of your investment in 24 hours without doing anything, and because you are in need of money, you will use your money and invest with it, and later when they scam them, they will start complaining, and you are the one who gave them your funds.You don't want to do any investigation on them because they promised you a profit.

Fake news is more common on social media these days. Some people share all kinds of weird information about their channel to get more subscribes, followers or views which has no basis. The persons who have the minimum knowledge of this subject will not be eager to attractive advertising or financial transactions without being sure.

This is not new anymore. Instead of using social media to educate and bring awareness to the people, scammers have taken it as an easy channel to deceive people most particularly who are greedy with money as they can be easily tempted especially with great offers. And to think that a scammer will offer you to help to create your wallet or help you buy bitcoin using your own wallet, anyone who falls for this has totally no knowledge on how to secure his own wallet without letting anyone have an access to his own wallet.

It feels quite sad to see so many ordinary people who are somehow lazy enough to analyze and study things that are new to them first. It's sad to see how beginners or ordinary people in the comments column are most likely to become victims of these scammers. In fact, there have actually been lots of cases like this before, but it seems like this isn't enough of a lesson for them because they haven't experienced it themselves. Sometimes people believe more in the sweet promises of people they don't know at all compared to people they know who make them aware of the possibility of a scam, and distrust us if we make them aware that they might be scammed. .

The problem is trivial, namely because they want money and they believe in sweet promises more than the facts we provide. Well, that's how regret will definitely come behind.

The number of fraudsters is increasing, and they are coming up with new strategies that if you are not calm and careful, you will never believe they are scammers. That’s why we all have to be very careful, especially newbies, because scammers are always targeting newbies because they believe they are new to crypto and they can be easily convinced to fall for their tricks. That’s why newbies should be careful, they shouldn’t trust anyone they meet; everyone should be a suspect to them. I'm sure that’s really going to help them.

When you receive a message from a random person on Telegram, you should know that the person is likely going to scam you. Seriously, Telegram is just full of scammers, and we have to be very careful. Don’t even click on the link you receive on Telegram asking you to invest or asking you to input your private information, they are all scammers, they just want to take from you, they are always giving attractive offers with no risk just to attract people to invest, and after investing, you will never hear from them again.

They will never change, this is total nonsense and this person is a very big scammer that steal people’s money by taking advantage of their ignorance. I just pity the many newbies that will fall victim of this scam now thinking that the guy is out there to help them secure their funds. Posts like this are suppose to be reported immediately, account banned forever. This is a wake up call to all and sundry about how scammers can easily get through to scam their victims, he looks amateur in this but will still get to scam those that have no prior knowledge of wallets.


Scammers are mostly intelligent and they think ahead of their victims always. If this method becomes obsolete, in no time they will look for another one that will entice newbies to believe in them and they get to scam them again and again. It is advisable not to learn from social media as it has become a hub for scammers. Before taking any step that involves money on this space, do thorough research but that is what will make you know and differentiate between scam and legit information.

That’s true, sometimes we will find some useful information about crypto on social media which can lead us to proper investment and can guide us and also educate us about cryptocurrencies, but mos times scammers find social media an easy channel to get victims because innocent people that are willing to make money are always on social media looking for easy ways to get money which is why they always fall victims of such scams.

As a newbie and crypto enthusiast, make sure you validate any information you get and always avoid too much promises from that is mostly ending up as lies. Make sure you learn how to do your own research and always ask questions before investing.

Very small that is shared on social media can be something useful. The rest of all that are distributed on social media on average is only waste that can be misleading if we follow.
Fraud is played by fraudsters on social media even though it can be easily recognized if social media users pay attention to it.

Download applications that are not from the official website of one way so as not to get caught up in fraud.
Fraudsters will carry out the action by creating fake applications similar to official applications that have large enthusiasts such as the Exchange Binance application and other applications.

Trust Wallet Although not a fake application that is downloaded, it's still not the best crypto wallet application in my opinion that needs to be avoided. There are many users so that applications such as trust wallets are the target of fraudsters to imitate it.

Scammers have made social media platforms their playground by taking advantage of users' general ignorance about cryptocurrencies. These con artists profit from the overwhelming amount of people who are ignorant of the nuances of the cryptocurrency market. Because of their lack of knowledge and desire to make quick money, gullible individuals are easily tricked by attractive offers that promise quick financial benefits in the cryptocurrency space.

In the overall scheme of things, knowledge is important in many ways. Many people struggle to succeed because they don't realize how important it is to educate yourself before starting a business or making investments. Scammers take advantage of this ignorance by using a variety of strategies to trick consumers. They are always coming up with new ways to con people, taking advantage of people who haven't taken the time to educate themselves.

People who are well informed are less likely to fall for these scams, even if they are always changing tactics. Thus, highlighting the value of learning becomes a crucial line of defense against the persistent threat posed by frauds in the digital era.

These days, scammers may be found anywhere, and the only way to prevent them is to not click on the links that lead to their platforms. For this reason, a lot of people frequently advise against using social media. If we truly want to utilize social media, we need be aware of the kind of content we visit because not all of it can be trusted; some may even allow us to make money, but some can be very harmful to us. Is good for us to avoided scammers, especially those newbies who are that they are intelligent, they didn't intelligent reach them scammer, as they constantly conduct research on the subject so that naive people can measure themselves against them.

It's quite ridiculous, but if he's a beginner it could happen without him realizing it because he doesn't understand how crypto mechanisms work. wanted to make a profit from crypto and there was a scammer who offered him via social media and finally he was interested. For anyone who wants to get to know crypto, it's better to be careful because many scammers will lurk when you want to put money in.
People who are deceived do not want that to happen, because it is their fault that they are not careful enough that they can be deceived easily.

Knowing how to secure your wallet is the most important aspect of cryptocurrency investment. Of what use will it be if you invest a huge sum of money, watch it grow and then boom! Everything vanishes into the thin air because you were careless with your private details? The first thing every beginner should be eager to know is how to create his own wallet by himself.

 Many would feel they are smart enough not to fall victim,  but funny enough,  there are hundreds of people and even more that will fall for scams like this. Most time, it is not all about desperation, it is the lack of knowledge and ignorance that makes them to seek for help at the wrong places. These scammers know that people like this exist, so they target them with juicy offers and devour their victims thereafter. Equip yourself with all the information you need before investing.

Op after reading his content, everyone that have knowledge about cryptocurrencies will see that all he's saying is a lie to deceive people, he's still requesting money in order to assist them with creating Binance. Is this because they are going to charge him upon opening the account? No matter, many people will fall into his trap, they will still do so because they want to make quick money online doing things they don't understand. If we are knowledgeable and always act smart, we can never believe anyof  these scammers. I think a lot of beginners will believe him and won't investigate further, regardless of whether it's a scam or not, they will just pay him.

We see this every day from people who fall victim to scams on social media, but some people continue to believe these fraudsters. I don't believe any of the stuff we see on social media is real, instead, it's just scammers looking for people to scam. Some people will lose the money they have been saving for a long time with these scammers, and they don't care about that. We should be careful on social media and protect the money we have.

The scammer told people who already have wallets to screenshot their wallets that contained the coins and send them to him. Doing this might be harmless but the main scam was when he asked people who do not know much about Bitcoin to send money to him and he would create a wallet for them and make a purchase on their behalf. You will be surprised that many people will fall for this scam and they will end up thinking that the entire Bitcoin space is fraudulent.     

The world is now driven by materialism and the unquenchable desire to get rich. People don't care about the harm they will cause to victims of this scam. They don't care if people will lose life savings and even borrow funds to invest in this scam project. All they want is to steal from people to enable them to live a lavished life. 

Their are some people all they know about Bitcoin is that it is valuable and to make one to be rich quick, they do not even know anything about the wallet,  how to handle the wallet proper, or know if the wallet can be shared with some other person or not. This kind of people can be very desperate and can be manipulated to invest bitcoin. For someone who does not have much understanding about  bitcoin and have knowledge of how scam works it is very easy for them to fall victim of scammers .

I don't really blame people when scammers succeeds in getting them because it is as a result of desperation and lack of understanding, that is important for beginners to take research asa tool that needs not to be taking for granted. As far as bitcoin is valuable scammers will always try their best to scam beginners which they may likely fall for it.

You are not sure about those people that pretending to be interested in this service are legit or just His own account to make the offer appealing ?
we have seen people around this forum shilling for their own thread , even in Online selling there are pretenders about reviews and also in many review sites that there are fake reviews .so this offers are like them and I don't think there will be even one that will fall from this scam , social media is a place where fools and noobs are the target so be aware if you are new then never engage , study and learn well first  and don't hesitate to ask the community .

The scam offer you mentioned by one of the scammers is one of the simplest offers a beginner could fall in love with due to its apparent allure. Other offers are more tempting and deceptive. Any person on social media can claim he is an expert and rich and post a false image containing thousands and millions of dollars in his wallet or on his CEX account. Obtaining the blue verification badge and providing followers with positive comments on his posts and tweets can appear legitimate to many. Afterward, he promotes his scam post. Most beginners with minimal knowledge and experience, whose primary goal is to earn money without conducting research or being aware of similar fraud cases, will undoubtedly become victims of the scam. Social media is a double-edged sword, and scams have recently increased significantly. A person should not trust everything published there and should be more discerning, experienced, and vigilant in recognizing standard protection methods in the crypto field.

“Knowledge is a never a waste” and “laziness leads to destruction” many people who fall victims of such scam tends to fall under the category of laziness, being able to acquire various knowledge eg learning about bitcoin, many might think it’s a waste but it’s not and I believe that awareness about scammers has been made so everyone should think twice and pounder a lot before making a decision about funds especially online deals because every one wants to make money either by hook or by crook.

When it involves money and creating account why would you trust a stranger with your password… obviously password would be involved in any account creation and the use of the password is to protect the user’s account, so throwing open your password is not exactly the best thing to do in your scheme of trying to find an easy way out… it should be a common knowledge.

Educate yourself because ignorance is mostly why people fall for scams… internet has been made available almost if not worldwide, so make research, ask questions, enlighten yourself and be aware of any investment or contract that has to do with money because we are in a world of survival and if there are no bad there also can’t be a good.

As for the scammer it’s so disheartening that one would intentionally harm his fellow being.

I think the scammer is really dumb and it's only rookies that'll fall for this kind of scam. Telling people to buy Bitcoin or other coins and send to him, as what? I want to believe he has other fellow scammers who would be shilling in the comment section probably with screenshots that they sent their coins to the address he provided and he also got instructions from him on what to do, which they followed and they ended up doubling their investment.

Scammers always present themselves as helpful to people, so they will do whatever it takes to dupe you in order to accomplish their goals. The only way to protect yourself from scammers is to always conduct thorough research on where, how, and when to invest.


The majority of people on the comments section are part of the scammers and that is why we need to be careful with the kind of wallet we download nowadays.
using Telegram is getting more and more uncomfortable Because there are scammers everywhere and also social media influencers are misguiding people all the time.
We should research and learnn. No knowledge is a waste.

That's how greed can manipulate a person's right thinking and turns into doing something stupid like entrusting its own wallet to someone that he really doesn't know that much. Remember that securing privacy will prevent our wallet from hacking, but with one's greed, that will be set aside already.

And you're right there, scammers have also their multiple roles to play so that their acting becomes more authentic that will easily deceive those innocent newbies in the market.

It is very disheartening for someone to do this. This is exactly what people have been talking about scammers and how to steal fund from people. Ignorant is the reason behind why most people fall for a cheap scam. How can someone you dont know before, will open a bitcoin wallet for people they bearly know on social media. And the secret pass phrase will be with him. meaning the account will no longer be safe, and possibly a hack attempt. This was exactly what one of them did to me on telegram, that do I know about cryptocurrency ?and I said yes and he became sceptical because the way I answered his questions correctly, he knew this was not the type of clients he needed. At a point he refused to reply me again because i confronted him of his atrocious deeds the next thing was to block me. So we really need to be careful. But my problem is that many people will still fall for such cheap scam, all because of ignorance.

Who are experienced may not get scammed in this style. But it's hard to protect the newbies especially who have no idea but start believing someone just by seeing an online add. It is natural for beginners to seek help from others to gain knowledge. But if he does so by relying on others for his wallet, he will become a victim of scammers. The first thing that a newbie must do is to be very knowledgeable about financial matters before doing online transactions.

Personal safety matters are to be kept safe from family members in many cases, if you get any such invitation, you must abandon it. Offers that are always tempting should be avoided through proper observation. Now that everything related to information is available online, awareness is the only option to avoid such scams.

They are masters of it and that's why if you're not aware that they're the one that's making you dance on their hands, you're going to be their poor subject and victim.

Don't believe everything that you see on the social media especially with people that are showy with their money and investments. It's very easy to understand the logic on it, are the real rich people do flaunt with their investments, assets and especially money on their socmed accounts? No, they don't. Just ignore when somebody approaches you randomly and want to talk abou some certain investments and invites to some links or groups, you're doing it right of ignoring them.

We can always see that since as expected once they see that there are so many potential victims around they came out and try to find those innocent victim that may fall on the words they posted on social media pages or channels.

Also we can always see this kind of post or comment on every popular crypto pages.



That's we need to be more aware especially those newbies that any offer made on social media and they say they are expert bitcoin or Fx trader or a miner then offer investment schemes with huge return then we should think immediately that this is scam.

As long as money exists, there will always be scammers and simpletons who easily part with money. If you don’t want to be scammed (not only with cryptocurrencies), ignore all such similar information, as in the picture in OP’s post. Perform all actions related to money and cryptocurrencies yourself without the fraudulent assistance of such scammers. Despite the initial fear of crypto-beginners, creating wallets and interacting with cryptocurrencies is not at all difficult, you just need to practice and protect yourself from possible mistakes during the learning process, because you are dealing with financial assets.

Don't trust social media scammers

This is a normal culture on facebook and you know why? Its because Facebook love lies, sometimes when I see how some people love to watch pranks and comedy to think they are real cracks me up, these kind of stuff looks real to them more reasons why you see this type of posts saturated everywhere especially if you visit crypto groups and pages, it is full of spams and the facebook moderations don't take care of these posts.

I think only a person who has never heard of crypto will believe this typical scams and Binance tricks or any person that has not use an exchange before but to me, this is one of the most simple scam any literate person can sight from far because they too obviouis. Beside even if you want to help teach them about crypto, they don't want to listen but when they hear about free money making through crypto, they are quick to go after them and fall for the same scams they want to warn them about but wouldn't listen because of greed and illiteracy.

Scammers will wickedly capitalize on their victims emotions by making them feel regret of not trusting them, by that the victims will not listen to the reasoning voice inside them that is doubting the scammers. I have learnt one thing repeatedly on this forum that most investments opportunities on social media are scams, also that we should carry out research about them to know if they are scammers because that is what most of them are. I see many of them on my telegram and due to my knowledge I always ignore them, I don't even click any link that I'm not sure of the source because they can lead to phishing sites, unfortunately social media has become a business place for scammers, everybody must beware.

Mind you that bounties are also very risky and more often than not they do not pay participants who work for them, i'm not trying to discourage you if you think participating in bounties is the right thing to do, but i am just stating the fact. The days when bounties were profitable are already long gone, and these days 99% of bounty campaigns are run by scam projects that are only created to enrich their creators.

I've learned to be cautious about unverified sources, especially on social media and Telegram. I've steered clear of falling for airdrops promising easy money; now, I focus on bounties. Currently, I'm an admin for a project I find trustworthy (at least based on my analysis). Airdrops are too risky with low chances of success. I rely on forums for information because it's a place where others can verify and cross-check details. It feels more reliable, knowing that information is open for scrutiny and discussion. Forums offer a more secure space for gathering insights and making informed decisions in the unpredictable world of crypto.

I don’t believe how people fall for this kind of tricks like it’s so dumb and i feel the scammer is also a beginner at his scamming work because no one will fall for such tricks except those who are ignorant and desperate to invest in cryptocurrency. No matter how simple and suspicious a scam may look there will still be those who will still fall it probably due to ignorance or desperation thats why it is always important to learn about what you intend to do first before you begin with it. I think people who are privileged to be part of this forum are one of the few lucky ones that is knowledgeable about crypto and the scams associated with it and understand the ways of the crypto industry. Going outside the forum made me realize the benefits of the forum we are enjoying and how a lot of people outside the forum lack in depth knowledge about crypto and why it is easy for scammers to deceive them.

I was shocked to see the questions individuals were asking in a particular online Facebook group. These questions that might easily turn them into a target and leave them open to scams. We must exercise extreme caution in our social media claims and interactions with others in the business, as the crypto space is full with scammers and fraudulent activity. Social media can be highly helpful and misleading at the same time. However, scammers utilise the information individuals find on social media to trick people by spreading false information.


The best way to start your crypto journey is to educate yourself so that you know everything there is to know and are aware of the risks associated with it. For beginners, managing cryptocurrency wallets can be difficult. Even the smallest error can result in asset loss or deception if one lacks the necessary knowledge.

It's hard to imagine anyone being fooled by such nonsense on social media. People who are deceived by letting other people make their wallets are the same as letting thieves take our things before our very eyes. I can't understand how someone could be so stupid as to tell someone else to create a wallet and fund it. I am sure that such a person will be frustrated and experience deep regret when he realizes that he has actually been deceived.

To believe in social media is everyone's right to privacy and indeed new users are always faced with limitations, yes. Everyone has a beginning and sometimes getting a reliable source is also difficult, so many beginners make mistakes at the same point and are very easily attracted if someone wants to help solve the problem. However, if they want to cultivate a habit of reading a lot and diligently, I think it is very easy to implement to invest properly and correctly in this crypto world.

Only gullible people are the ones who will fall into that kind of trap.
Gullible, desperate, and ignorant investors are the ones who will get scammed by this.

TBH, I both agree and disagree with your subject title. For me, it's just like you are telling us investors to stop trusting all social media platforms. I mean how is the adoption of Bitcoin increasing? How is cryptocurrency getting advertised? With the help of social media platforms. If you tell people to stop trusting whatever they see on social media, the adoption rate will not increase. Nevertheless, you can't stop people from trusting what they're seeing online especially when there's money involved. Sometimes, when they see an opportunity, they forget the fact that it might be a scam attempt on that person, and they focus on the fact that they can get money when they get involved in it.

At the end of the day, these social media platforms are just tools that are being used for good, and bad. People use it to spread information to other people, but at the same time, they're using it to scam these ignorant and newbie investors.

Nowadays as the world is progressing the number of fraudsters is increasing day by day so those who are new to crypto should always exercise caution. Not only this news but also many other types of social media where scammers make various positive comments about Bitcoin and attract people to deposit money on their platform. When those fraudsters are lured in various ways to make quick money a new user will pay them in various ways due to that greed and fall prey to scams. There are many fraudsters who advise people to invest in different places with personal messages from Telegram groups and there are high profits all these things fool people. When a news comes out, those scammers have a lot of people who comment that it's really good, then a new user sees and invests in it, and then how much they lose. Many times the keys of the wallet are mistakenly hacked by a newbie and later he suffers a lot of pain when money is lost from his wallet. So it is most important for a new user to be very careful about these things so that he does not make such mistakes and suffer pain in future.

You can ignore them, block them and even can report them if you believe they are scammers, impersonators, spreading phishing links.

On some social media platforms, turn off a feature for strangers to add you to their groups that usually are scam groups.

Turn off feature of automatic download files like on Telegram.

How to disable auto media download on Telegram

Thanks for that warning, but I'm just curious what social media it is and can you at least drop the name so that it's easy to avoid once someone encounters this?  Is this a vlogger or an influencer?  If so, sometimes it depends on the reputation to which people easily entrust their funds and avail their offer.

There are too many strangers on social media, I even received a bunch of messages on my social media regarding crypto trading and creating an account, offering help for free but usually I ignored them especially if I didn't know who I was talking with.

Cases like this should always put in our mind that we should always be knowledgeable first in crypto before putting our funds.

The phrase, Ignorance is bliss should be changed to ignorance is hell especially relating to finance, sad truth that there would still be individuals who would fall for this scam but I guess they would be totally ashamed after this, since they fail to realise that wallet is similar to their bank account and so how many of them would allow a total stranger to create a bank account for them or at least send their account balance to a stranger.

This scam is actually dangerous, since after sending a screenshot of the wallets to the scammer even if the person then understands that he/she is about to be scammed and end contact with the scammer, if the amount of coins in the wallet is enticing to the scammer, they scammer may find a way of Robbing such individual offline since its social media, getting details of such individual will be easier. The best is to totally avoid it.

Sad truth but the hype of getting the next Meme coins/tokens like Shiba Inu, Pepe, Baby doge and their likes has made alot broke rather rich if only they could avoid the hype from all these social media and invest in bitcoin.

 This is literally true and I don't think any scam in this category will succeed without having team of such doing this kind of background and that's why not all reviews especially on social media are to be trusted, we have to be really cautious of were we get reviews or financial advice.

I have noticed this pattern by scammers in the past few years I have been involved in bitcoin. Newbies fall for the testimonials, not knowing that the scammers are the ones in control of the accounts. Sometimes a newbie who comes across such posts on social media would go through the comments to see what people are saying about the investment.

Some people are easily convinced by the positive comments from “different” people, they also make the mistake of engaging these individuals in dms to get more information about their experience investing with such and such. This is very risky because now the scammers know who you’re and will do all they can to convince you to invest.

Let's wait on how is going to label this or there's already one for this, we've got the pig butchering scam already and I think that it can be associated with this since it's building you trust and not the conventional type of relationship as love scam so, it may be classified as that. Because you've just met that guy and that promises some gains or anything in assurance that you're going to make money if you believe and trust him with some instructions given on what you must do next.

How will you meet a random person on social media, and they will request to help you create a wallet and fund it? It’s just too obvious that the person is just trying to scam you. How will someone fund your wallet when you don’t even do anything for them and they don’t even know anything about you? It’s better we just stop looking for free money in the crypto space because scammers are always making use of the opportunity. When you are on social media, just think everyone you meet is a scammer, so when chatting with anyone, do it with care.

You are right, sometimes when scammers are operating, they are always doing that in groups, so everyone one of them is always playing a role, and after they successfully scam someone, the money will be shared among them, so the testimonies that they are making are still in their plans. With good testimonies, people will be able to fall into their trap easily, so no matter the testimonies you see on social media, don’t trust them.

I was just shaking my head the other day when I saw a post from some scammer trying to make people feel bad for not trusting him right off the bat.  He was going on about how folks oughta send him money first before even thinking for themselves and  as if! It reminded me that with social media these days, you always gotta keep your eyes peeled for shady stuff like that, especially if youre new to cryptos and dont know the ropes yet. 

Anyway bottom line is trust your gut, guys and gals! Dont let anyone pressure you into parting with your hard-earned coins without doing your homework first.  We all started clueless once upon a time.  Stay smart and dont feel bad for applying common sense!

I'm just wondering what the guy want to share like why asking for a screenshot before teaching them what to do and if i may ask teach them what?, people replying to offers like this don't even know the system and they don't know how things works, that's why it's best to learn about crypto or bitcoin in a safe place like this forum, where you get your first knowledge matters alot and people interested in this kind of offer need to learn about bitcoin and after learning no one will even tell them to secure their coins but they already know what to do.
I often see people like this claiming to know but they have a very bad motive and unknowingly to people they want more money, I don't think anyone with the knowledge of bitcoin will fall for this and if you check his page carefully you will find out he's into crypto scam and his trick sounds so stupid.

Absolutely, mate. Those social media influencers are leading many young investors in the crypto space astray. Just recently, I came across a post by an op who said that his fund which he had received on his wallet was wiped out.this might just be as a result of similar case of this YouTuber. Helping others create wallets is like taking over access to their money. Unfortunately, many people, especially newcomers, don't realize the risks involved in sharing such sensitive information.

 I often advise newbies and people I meet online to steer clear of so called cryptocurrency experts on social media who promise to help with funds. These individuals are often scams, criminals, or promoters of questionable coins flooding the market. We should all be cautious and avoid losing money in the pursuit of potential gains.




This goes to everyone mate not just the newbies. We should try to be realistic most time as not only the newbies falls victims of such scam activities. Most times, other people may fall victim out of ignorance and lust for profits

This is for newbies: if you think being learned by taking on self research and reading important contents that can build you knowledge is too difficult a process then give ignorance a try and watch out how scammers will prey on you with same knowledge you fail to gain. By mere reading every details of the scammer in the Op one doesn't need a magician to ring it in  yea head that this is a scammer and should be ignored.

Who knows what the person who posted might have posted earlier before this one, which he was referring to, and what made others pick interest in the thing? It could also be that it was just some random fake screenshot that was shared on Facebook among his followers, which attracts people to his page.
 
Almost all the time we talk and teach about how people can avoid being scammed by these scammers and how they can lower their greed and get it in the back of their minds that there is no free money anywhere on the internet and crypto-currency investment can't just turn you wealthy over night.
 
Most of these newbies will still flood around posts like that and make the mistake of entrusting their funds to someone else, who will later add that to their wealth, and at the end of the day, those who entrust him with money will be left with nothing.

It's all a process scam and he starts off preying on the weak and naive at first and then maybe he will move to another stage of them showing their balance making it look simple and plain but as they go deeper he takes advantage and moves to a more sensitive part since the person is already cooperative, he will focus on that till he gets to where he's supposed to land. This type of thing only affect those that know their way around the crypto space because you won't tell someone who has been here and has been tutored and have read so many documentary here about scams project will still fall for such naive and silly scam.

There should be a name for this where the scammers try to convince the individual do do what they want as fast as possible so that before they'll realize and come to their senses of what is happening, the scam will already have taken place and the victims funds lost. There should be a name for this first few moments.

It's a complete scam to those who already know what this person is trying to do especially when the post stated that they should send him the crypto after purchasing and also about helping them creating their own wallet which already means that the wallet that the other person that will get is already compromised. As satoprincess stated that there is a chance that the people who are in the comments that are interested might/could be a part of it. There might be a victim of this especially those who didn't really know about crypto but for others won't be fooled by this person.

If you looking for a quick way to makeoney you should also be ready to lose, because it's crazy to believe that someone will help you create a wallet and funding it, this is the most stupid thing I have hard on the internet, many of those low life scammers have nothing to offer and at that will employ such cheap means to get their target, andnifnobe is greedy or gullible, the chances to fall for such is high and should be avoided.
As a newbie, the most important thing to learn is security and how to get the freedom that you deserve and with high privacy as possible, and for such believing any third party to help create a wallet is a foolish and vunorable position for anyone.

Yeah you actually right the people in the comments section might also be part of this,  Facebook, (X which formerly known as Twitter) telegrams are like the home of scammers even Instagram also. But this is pretty obvious that is an scam act. But some people that have no concerning bitcoin and their mindset is that bitcoin is a get rich quick scheme will fall as victims to such act. That is always go to take your time research and learn.

And you can see that base on its post that is trying all means to persuade them,  and even go further that he will creat wallet for them sake wallet I'm going to put my asset. Is like putting the faith of my coins in someone else hands. Because there no way you won't tell me he won't keep their security seed phrase.

It’s crazy to think that anyone would fall for this nonsense. Why would I let someone else create a bitcoin wallet for you when I can easily learn how to do that by browsing the internet. “Not your keys, Not your bitcoins.”

The people in the comments might also be part of the scam. In scams like this, the scammer usually play different roles, they have different accounts which are used to signify interest in the comments and also to post testimonies of how successful they have become because they trusted so and so platform or trader.

So the plan of this guy is to leverage on the ignorance of a lot of those who cannot setup their wallet in order to scam them? Actually, I don't understand how he will be able to entice people to send money to him, and what he plan to do with the screenshot, or it could be those processes are just to make his dubious scheme appear legit. Apart from saying he will create and fund wallet for those who cannot do it by themselves, this being a red flag, I do no see how he want to get those who can. He requested for a screenshot of their balance and not sensitive information... maybe he will get to the stage of requesting for sensible information.

Personally, I don't follow these fakes on social media. Those who promise huge returns are scammers because if there is anything like that, they will not come to social media, instead they will share it among their families and friends. People should just be careful out there.

It is crazy that scammers are going to make you feel regret that you don't trust them and you're the one that should trust them first instead of your trusting yourself. That's why it's true that you need to pay attention to these type of posts on social media and usually, these scammers are targeting the newbies because they don't know a lot of how to setup their wallets as if that it's the hardest thing to do at all. No it's not, but I hope that this thread gets to some newbies that probably might have seen that type of post.

Beginners who are desperate to make money will fall for an offer like this , and if you go through the comments sections their are so many people who are so interested in this. Like if you go through the write up of this dude who claims to be bitcoin expert he said those that are finding it difficult to create a wallet he will help in creating the wallet and funding it. This is how many people will make mistakes to accept offer like this just because they want to earn quick.

Spending time to learn pays a lot and it prevent people from making painful mistakes. For those that have knowledge about wallet won't fall victim of allowing anyone to assist to create wallet. Spending time to learn is not a waste, it saves money from entering the wrong hands.