Topic: Social media is a breeding ground for scamers, be intelligent while you explore (Read 487 times)

You are absolutely right, social media can be a breeding ground for scammers, especially in the crypto market. It's important to be intelligent and cautious while using social media platforms. I have seen so many scam airdrops and fake Telegram groups myself. It's unfortunate that these scammers can create such convincing ads and groups that even newbies can fall victim to. That's why it's necessary for inexperienced investors to be guided by experienced individuals.
Not every piece of information on social media should be followed blindly. There is a lot of wrong information and scams out there and it's not regulated. People can easily be misled and scammed if they are not careful. It's great that this forum filters out wrong information and caution users when needed. It's important to rely on trusted sources and do thorough research before making any decisions.

When you see a new project coming up or collaborating with a big platform holding sales or just a campaign, that's where scammers try their luck at cheating.
This method of scammers by duplicating websites and creating advertisements or duplicating social media accounts has been around for a very long time. for beginners, it will be very risky, but if they follow channels or websites that usually release information related to new and valid projects, I think it will reduce the risk. rather than searching manually in their browser's search engine.

Your point is that there are a lot of fake posts in social media these days, that means there are opportunities to rob people, but the important thing is that we can't run without social media. How can we run? So we prioritize any token that we want information about, first we get it on Telegram or on Twitter and also here on Facebook.
If we don't use social media for this thing, then we will be victims of ignorance, we will not even know which coin has what ecosystem, which coin has listing, which coin has what next. what is the arrangement? We will not understand anything.

I think that we should take a strong action against this thing so that we can avoid all these fake accounts that are stealing or the other way is that we are very careful. Investigate against them if we find out that man this is fake website or account then we should not connect with them then we can save. The most important thing is to be saved from the future.

I do not personally think that the scams on Twitter has anything to do with Elon musk taking over. Like you said, Twitter has always been that way, true, but I think it has to do more with the scammers now shifting more their attention to Twitter. I can't count the numbers of tags I receive daily asking me to click on so so and so link, but I have never click on such link.

The social media as a tool has it's merit and demerit. While we look at the demerit, let's not forget that the merits far outweigh the demerit.
You will find all kinds of people on the social media. Just guide your mind and stay focused.

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True, a blue tick account is no guarantee that the every information from such account should be trusted. What if the account is hacked? Moreso, you don't know the intention of the person behind the acct.
For me, I don't go about clicking links just because it was posted from a gold or blue tick account.

For telegram, I have had many instances of scammers coming to my DMS claiming to be support teams of certain projects especially when you asked for assistance on the group. Many a times I just delete the DMS and report those account because I know fully well that they are scammers.

A blue tick on X should not be seen as a symbol of trust, anyone can get an account with a blue tick. Telegram has a reputation of being a breeding ground for scammers. A lot of ICOs, traders, crypto communities have groups and channels on telegram, scammers are aware of this and join these groups to target newbies who ask for help with whatever problem they have. If scam victims understand that whoever dms you first is probably a scammer and should be treated like one until proven wise, a lot of these scams won’t even see the light of day.

While social media can be an advantage for those who wants to promote their business, but seeing it as a key source to learning is always a wrong act. Yes, you might gained a lot of information but the the problem is if they are reliable and comes from a legit source, otherwise you will fall into absorbing wrong information and feeds yourself with fake news and unreliable updates.

To learn safely, focus on bitcointalk or any reputable source about bitcoin. Rest assured that you won’t be exposed into misleading information that will only make yourself confused and bothered.

You where thoughtful @ OP. However, I urge all Bitcoin newbies investors and potential investors and to whom it may concern not to stand flexible to be influenced by the social medias, you shouldn't be convinced with the sugarcoated decorations about any any suspicious bitcoins platform in order not to fall being scammed. You must always have it in mind that not all that glitters are gold and only then you could resist the traps of the Bitcoin investors hunters.

Exactly what I was saying this evening about the possibility that someone can easily get scammed if he goes to search for information about Bitcoin or any other cryptocurrency in social media platforms. These social media platforms are breeding ground for scammers as they know it hosts lots of people that are naive in terms of their level of knowledge so they use that advantage and claim to be all sort of different expert for the gullible ones to believe that and get scammed because I believe if anyone has been exposed to the knowledge and warnings that Bitcointalk highlights, they would high possibility of them avoiding such silly scams.

Why do people feel that since Elon Musk took over Twitter, the bird app suddenly became a hub for scam and hate speech. I think Twitter has always been that way. Before the takeover, there was a hack on twitter that targeted accounts of celebrities and famous people. The hackers were able to pull off a massive scam, deceiving unsuspecting users to send bitcoins to a wallet address and receive double the amount sent. You can imagine how many people fell for the scam.

Social media is a tool and people are bound to abuse it. You can never be too sure of what is real or fake on social media. Catfishing is made possible through social media, it’s worse now because of the advancement of AI. Scammers can manipulate facial appearance and voice to communicate with their victims.

I mean for sure there are a lot of scammers and hackers out there, especially on social media, probably like you have mentioned on Twitter or X there are probably a lot of scammers probably because most of the projects started to build their followers on Twitter or X especially projects that are cryptocurrency related like wallets, NFTs, networks, groups, etc. That is probably where a lot of scammers scam a lot of people, there is still a lot of this on our social media but I do think there was a higher chance of being scammed on X, i mean I dont really see any related cryptocurrency ads on Instagram and Facebook anymore, but there are still a lot of it on google ads.

For sure this was already common for most of the traders, as long as there are people that are getting scammed and hacked by these people they are not going to stop what they are doing, probably it only costs them a very small effort or might also pay a small amount to advertise as well but the amount of there profit might be huge for sure.

It was really easy to avoid since if you already have the knowledge and know what you are doing you could easily identify red flags on a scam or hacks, something like it too good to be true, also your not really going to just trust anybody, especially on social media since anyone could easily create an account there without really need to identify or show some kind of credentials on this social media websites.

The op is very correct. Before now, telegram use to be the headquarters of scams, but recently Twitter have taken over that spot. If care isn't taken, you can see a link on verified account on Twitter with a golden tick, and yet turns out to be a scam.
These days, it doesn't matter who posts a link, due diligence must be carried out before clicking and don't make the mistake of signing in using your main wallet.

There is no social media app that there are no scammers, even in this forum, there are scammers looking for opportunity to scam anybody who lets their guard down in the forum. You see scammers on this forum offering to help people recover their lost bitcoins, putting up ridiculous offers and adding their telegram links for gullible and tempted forum members to contact them etc. Scammers can appear to have any profile because they can hack and steal the profile of anyone and then use it for their nefarious acts.

People lie a lot on social media, can claim to be anyone to just get your trust. Be intelligent and do not trust easily.

Because they don't want someone to verify and have their real intention come out. The lack of transparency will bring confusion to everyone but when we ask, nobody will answer even though admins see it because those people who are actively talking in the group are just teammates. Yes, not too dumb not to feel it and realize that they would like us to put it into their pocket and think we're too innocent not to see their main objective.

Now, the telegram group is really full of scams. Can't be sure who we are talking to and who we can be trusted as they even use known names and big personalities as their identity.

Social Media had always been a tool to scam people and not only that but also of a good deed.
We don't need to agitate more on the negatives we get exposed to on social media but also the good we can get to know due to the influence of social media. It is important for us to keep paying a close attention to what we do so that we don't allow scammers to use opportunity to defraud us because of our ignorance of the social media potentials.

Ignorance isn't an excuse, you're a newbie doesn't mean the scammers will spare you, you're their targeted audience. They keep bringing the same tricks often because they know that new members are coming in the industry often and they won't be informed. As a newbie, get to know the in and out of the industry, read and learn so you don't wish you did exactly that when you have been scammed. This is an unregulated industry, anything is possible here and the culprits go unpunished often because the industry isn't regulated.

Social media is the breading ground for all scams both those relating to cryptocurrency and other monetary business. We don't have to believe everything we see on the web and only join the official groups through the website of the project and not relying on social media handles as they're also getting hacked quite often this days.

You don't have to blame those that are being misled over there because everyone are looking for easy money without doing their thorough investigation before putting their money over there, I have also come to a conclusion that anyone who got scammed from social media is as a results of rushing to utilized the fake opportunity they have offered them on social media making them to invest without the need to do proper research on the platform they are sinking their money.

People of nowadays are too lazy and weak to make research on themselves due to how they are tasty to be called an investor or early adopter of a particular project and coin often leads them to be scammed.

Just of the other week I came across a post made by someone over here who followed a youtuber on his channel to go trade, and he was given a site to sign up after which he was asked to fund that broker or exchange something like that, some days interval he was asked again to make additional deposit without him receiving any previous profits for the one he has deposited in the site. Well to cut the whole story shorts he was scammed and he ran down here to come raise alarm about the scam.

nowadays, social media, especially the x platform, is easily accessed by anyone, so fraudsters are free to roam around using it, i have an active twitter account and often get messages from scammers promoting new nfts or tokens, if i don't equip myself with good experience and knowledge in cryptocurrencies then i will definitely be scammed.

I feel you, getting booted for asking questions totally sucks.   Telegram groups can get hectic, and admins might miss or ignore questions sometimes, especially if they're not phrased clearly.  Still, kicking someone for asking stuff ain't right and  groups should be transparent and not punish curiosity.  If they shut you down hard for asking normal stuff, seems sketch and can definitely raise red flags.

I have been kicked out many times from telegram groups and the reason is because I just keep asking a consistent question which non of their admin was ignoring. Such attitude is even what can make people to believe that the project is a scam. Every good project will always want to be transparent.

Social media has become one of the easiest path for scammers to get to their victims easily. Social media is a social gathering that has no strict rule to guide and filter house scammers. You won’t be thought on how to deal with issues like that until you learn it the hard way, or after a lesson (falling a victim of scam), or learned from someone that was there before you. Before now and till date, telegram is mostly used by scammers because that’s where most of this projects dish out full informations about their project, so hence scammers get direct contact to their victims easily. Today, it has now become more viral and other social media apps are used by scammers to leverage on when wanting to scam their victims. It is better to be careful while using social media platforms generally.


The forum wouldn’t have existed or stand on its existing protocols if anything is altered that will accommodate scammers in the forum. The forum is very large and has a lot of important people coming to get informations and solutions to their problems in the crypto space. The moment the trust is loss, they won’t be much visitors here again and the forum activity will reduce drastically since scammers are allowed to nest here like others. Bitcointalk forum is a school that is dependable on to get full information on the crypto industry.