Topic: Giveaway Scam On the Rise (Read 452 times)

this may be a classic way for scammers to get money. but it is still possible for people to fall for such deception. because every day there might be new people interested in crypto investment. and they search for random sources of information from social media or even search engines. and scammers have many ways there.
anyone must understand, Bitcoin or crypto is not a place to multiply our money. so when we decide to invest, we have to be patient. no one will multiply our money for free. Hopefully, no victims will be caught in scammer cases like that again.

These types of scams have been going on for a long time. In 2020 there was a major incident where the twitter accounts of high-profile personalities like Joe Biden and Elon Musk were compromised and they tweeted out an address and promised to multiply your Bitcoin if you sent BTC to them. The scammers were eventually caught because they sent some of their funds to centralized exchanges which had their KYC information.

It is disheartening to hear that scammers are now exploiting AI(Artificial Intelligence) by asking it misleading question to generate more scam ideas. It is essential for everyone to stay alert and be wary of phishing emails tweets and other promotion that claim to offer cryptocurrency giveaways.
Scammers always try to attack on the mind of a human. They just think wisely and set a good mind to grab money from other people. So everyone should be careful.

Giveaway scams will be on the rise now that the bull market is nearing. Scammers will love to use the approaching bull run to trick people into believing in their bogus ideas. They always have a unique method of convincing their victims that what they are saying is true when it is not. Newbies and others must exercise extreme caution and be vigilant in order to avoid falling victim to such schemes. Not only newcomers, but I've seen that certain people are greedy, and fraudsters are always on the lookout for folks like that to scam on the go.

So, newbies and everyone should stay careful of phishing emails, tweets etc promoting a giveaway. It's unlikely to get a genuine crypto giveaway. It's better to stay clear of it, as the few information required of you to join the giveaway can be used to sweep your cryptocurrency.

You are right OP, similar give away scam like this was used to scam over 100btc during  the covid 19 pandemic. That time Bill gate and Elon musk was the two person that the scammers used to scam people of their bitcoin.

The scam statement on Twitter was written like this I have benefited a lot from the community and I want to give back to the community. Anyone that send any amount of bitcoin to this address will be given back double of what he sent. And a lot of people fell for it at that time. It was when I learnt about this giveaway scams. Don't be greedy and think of reaping from where you did not sow from, because you will end up being a victim.

Giveaway scam is evolving everyday on different social medias, with cybercriminals coming up with great ideas. Which ideas, I think are no longer financed by human brains, but AI. Hence, they'll never run out of AI generated Ideas, on how to con cryptocurrency investors. I found a very real looking tweet of Elon Musk promising a party to users and a link under the tweet. Such tweet, when not looked into, one may think Elon tweeted it. Newbies should be careful of 4000BTC giveaways demanding for 1BTC to be eligible to win the giveaway. The scammers only play with people's fantasies. And when I thought their ideas, came to a halt. Chatgpt was birthed. Scammers took advantage of the AI, by asking it bad questions and earning ideas in return. Although the admins of OpenAI claim to be working on that, but new research shows that, even if the AI is trained not to give answers to questions regarding scam ideas, and terrorism in English, bad players can ask with alternative languages like Zulu. And the AI would respond using that language. Thereby increasing the rate of Giveaway scam ideas. So, newbies and everyone should stay careful of phishing emails, tweets etc promoting a giveaway. It's unlikely to get a genuine crypto giveaway. It's better to stay clear of it, as the few information required of you to join the giveaway can be used to sweep your cryptocurrency. Most of them are now equipped with AI generated Ideas, from what I understood from this article

Image from a crypto giveaway article by coinbase https://www.coinbase.com/blog/crypto-giveaway-scams-and-how-to-spot-them

Crypto giveaway or airdrop fraud is nothing new, there are always people who use someone's big name to trick their victims. And the victims targeted by fraudsters are those who have a greedy nature, therefore fraudsters always offer promises of high income even though it is clearly impossible, for example, you say 4000BTC but we have to send 1BTC like this condition is unreasonable and clearly fraudulent.

I almost got caught in a Twitter scam myself. He invited his acquaintance, claiming to be Korean. In the end, they offer crypto for great rewards. We have to be careful like this, don't be easily tempted by the lure of wealth. Nor does anyone get rich by trying to get rich. There is no such thing

Your position is absolutely correct. Giveaways or airdrops are 99% fraud, and the majority of scams are full of scammers. The work of these people is to abuse people by giving them money. And as you said in the giveaway, people often use the trick of big names and cheat by giving greed for money. Yes, of course, I myself have witnessed such incidents. Among my acquaintances, there are people who cheat people by tempting them with money in fake NFT giveaways. However, you should be aware to avoid such sacrifices. These people do not wish you well, that they will really give you money, etc. for free, but the purpose of these people is to rob you. It is obvious that greed for money is in the nature of every human being. Even if he gets a lot of money, he should not be so greedy that the scammer does not make you a part of his scam.

So the purpose of saying this is that these people are always trying to make you a part of their trap by trying hard everywhere. So keep yourself away from similar activities if someone gives you an offer of patience that if you invest so much, you will get so much in return. So don't do the same thing; it is not a return but a deception that they want to take away the little fund you have.