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Pepe Coin : Une Bombe à Retardement pour les Investisseurs
Pepe Coin, la fameuse “meme coin” qui a secoué le marché des cryptomonnaies cette année, est en train de devenir un véritable cauchemar pour ceux qui envisagent de la conserver à long terme. Derrière les promesses de gains rapides se cachent des risques majeurs que peu d’investisseurs semblent prêts à reconnaître.
Une ascension artificielle ?
Soyons clairs : Pepe n’a rien d’une révolution. Cette cryptomonnaie n’est qu’un produit de l’hystérie collective des réseaux sociaux, alimentée par des spéculateurs cherchant à attirer des investisseurs naïfs. Contrairement à des projets comme Bitcoin ou Ethereum, qui reposent sur des fondamentaux solides, Pepe est une coquille vide.
Le piège du pump and dump
Pepe est l’exemple parfait de la manipulation de marché. Les baleines — ces investisseurs possédant une quantité massive de tokens — manipulent les cours pour provoquer des hausses spectaculaires, attirant ainsi une vague de nouveaux entrants. Une fois la hype à son apogée, ils vendent tout, laissant les investisseurs individuels subir les pertes colossales. Vous voulez vraiment être la personne qui reste avec des tokens sans valeur ?
Une utilité inexistante
Posez-vous cette question : à quoi sert Pepe ? Absolument à rien. Pas de contrats intelligents, pas d’applications décentralisées, pas d’utilité dans l’écosystème blockchain. C’est un pari purement spéculatif, et dans un marché où la concurrence est féroce, les projets sans utilité concrète disparaissent aussi vite qu’ils sont apparus.
Un risque maximal dans un marché ultra compétitif
Le marché des meme coins est saturé. Chaque semaine, une nouvelle cryptomonnaie apparaît, promettant de devenir “le prochain Dogecoin”. Mais combien survivent ? Très peu. Pepe risque de subir le même sort, car les investisseurs se lassent rapidement des projets qui ne tiennent pas leurs promesses.
Une communauté toxique et trompeuse
Les forums et groupes sociaux autour de Pepe regorgent de messages vantant des “opportunités incroyables”. Mais attention : beaucoup de ces messages sont orchestrés par des insiders qui cherchent à gonfler artificiellement le prix. Une fois leur objectif atteint, ils se retirent, et les petits investisseurs se retrouvent à ramasser les morceaux.
Le verdict : Fuyez avant qu’il ne soit trop tard
Investir dans Pepe à long terme, c’est comme jouer à la roulette russe avec votre argent. Vous misez sur une tendance sans substance, dans l’espoir que l’hystérie se poursuive. Mais la réalité est simple : ce genre de projet finit toujours par s’effondrer.
Ne soyez pas la personne qui se réveille un matin avec un portefeuille rempli de tokens sans valeur. Soyez stratégique, analysez les fondamentaux, et investissez dans des projets ayant une réelle utilité et un potentiel de croissance durable.
#pepecoin #Cryptoscam #Investissement $PEPE
Une ascension artificielle ?
Soyons clairs : Pepe n’a rien d’une révolution. Cette cryptomonnaie n’est qu’un produit de l’hystérie collective des réseaux sociaux, alimentée par des spéculateurs cherchant à attirer des investisseurs naïfs. Contrairement à des projets comme Bitcoin ou Ethereum, qui reposent sur des fondamentaux solides, Pepe est une coquille vide.
Le piège du pump and dump
Pepe est l’exemple parfait de la manipulation de marché. Les baleines — ces investisseurs possédant une quantité massive de tokens — manipulent les cours pour provoquer des hausses spectaculaires, attirant ainsi une vague de nouveaux entrants. Une fois la hype à son apogée, ils vendent tout, laissant les investisseurs individuels subir les pertes colossales. Vous voulez vraiment être la personne qui reste avec des tokens sans valeur ?
Une utilité inexistante
Posez-vous cette question : à quoi sert Pepe ? Absolument à rien. Pas de contrats intelligents, pas d’applications décentralisées, pas d’utilité dans l’écosystème blockchain. C’est un pari purement spéculatif, et dans un marché où la concurrence est féroce, les projets sans utilité concrète disparaissent aussi vite qu’ils sont apparus.
Un risque maximal dans un marché ultra compétitif
Le marché des meme coins est saturé. Chaque semaine, une nouvelle cryptomonnaie apparaît, promettant de devenir “le prochain Dogecoin”. Mais combien survivent ? Très peu. Pepe risque de subir le même sort, car les investisseurs se lassent rapidement des projets qui ne tiennent pas leurs promesses.
Une communauté toxique et trompeuse
Les forums et groupes sociaux autour de Pepe regorgent de messages vantant des “opportunités incroyables”. Mais attention : beaucoup de ces messages sont orchestrés par des insiders qui cherchent à gonfler artificiellement le prix. Une fois leur objectif atteint, ils se retirent, et les petits investisseurs se retrouvent à ramasser les morceaux.
Le verdict : Fuyez avant qu’il ne soit trop tard
Investir dans Pepe à long terme, c’est comme jouer à la roulette russe avec votre argent. Vous misez sur une tendance sans substance, dans l’espoir que l’hystérie se poursuive. Mais la réalité est simple : ce genre de projet finit toujours par s’effondrer.
Ne soyez pas la personne qui se réveille un matin avec un portefeuille rempli de tokens sans valeur. Soyez stratégique, analysez les fondamentaux, et investissez dans des projets ayant une réelle utilité et un potentiel de croissance durable.
#pepecoin #Cryptoscam #Investissement $PEPE
Stasia Stegman FxBW:
recuerden como era bitcoin antes
আলুর বাজার থেকে ক্রিপ্টো মার্কেট—দামে দৌড় আর ধাক্কা!
এক আলুর গুজবের শুরু
একদিন সকালবেলা, বাজারের সবজি দোকানে একটা খবর ছড়িয়ে পড়ল—
“এলাকায় ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যাল 🍟 হচ্ছে! যেখানে আলুর ফ্রাই বানিয়ে সবাই পুরস্কার জিততে পারবে!”
এই খবর শুনে গ্রামে হৈচৈ পড়ে গেল। মানুষ গাড়ি, ঠেলাগাড়ি, এমনকি সাইকেলের ঝুড়ি নিয়েও বাজারে ছুটল। “১০ কেজি আলু দাও!”, “আমার তো ২০ কেজি লাগবে!”—চিৎকার শুরু।
আলুর দাম লাফিয়ে বেড়ে গেল। মনে হচ্ছিল, এই দাম শুধু চাঁদে গিয়ে থামবে।
মার্কেট কারেকশন: আলু-কাহিনীর প্রথম ধাক্কা
কিন্তু তখনই আসে বড় টুইস্ট। গ্রামের দারোগা জানাল, “আলুর কোনো অভাব নেই। আমরা গুদামে ঢুকে দেখেছি, পুরো আলুর পাহাড় জমে আছে!”
এখন যারা চড়া দামে আলু কিনেছিল, তারা মাথায় হাত দিয়ে বসে পড়ল।
“আমি তো ১০ গুণ বেশি দামে কিনলাম! ও আলু, তুই কেন এত নিষ্ঠুর!”
এদিকে দাম ১০% কমে গেল।
এটাই মার্কেট কারেকশন—গুজবের উত্তেজনা কমলে বাজারের দাম স্বাভাবিক অবস্থায় ফিরে আসে।
মার্কেট পুলব্যাক: আলু বাহিনী হাজির!
এরপর পাশের গ্রামের ব্যবসায়ীরা সুযোগ নিতে ছুটে এল। গরুর গাড়ি, নৌকা, এমনকি ভ্যানগাড়ি ভরে আলু নিয়ে তারা হাজির।
“এই যে, সস্তায় আলু কিনুন! আমাদের আলু আপনার পরিবারের জন্য!”
বাজারে আলুর ছড়াছড়ি দেখে দাম আরও ২৫% কমে গেল।
এটা মার্কেট পুলব্যাক—যখন নতুন প্রতিযোগিতা এসে বাজারে অস্থায়ী দাম কমিয়ে দেয়।
মার্কেট ক্র্যাশ: আলুর লঙ্কাকাণ্ড
একদিন সবাইকে চমকে দিয়ে সরকার ঘোষণা দিল, “চীন থেকে ১০ লাখ টন সস্তা আলু আমদানি করা হয়েছে। সবাই শান্ত থাকুন!”
মানুষ আতঙ্কিত হয়ে গেল।
“এত আলু দিয়ে আমরা কী করব? আমাদের আলু তো কেউ কিনবেই না!”
এক ধাক্কায় আলুর দাম ৫০% কমে গেল। আলু বিক্রেতারা কাঁদতে বসে গেল।
এটাই মার্কেট ক্র্যাশ—যখন বাজারের উপর বড় আঘাত আসে আর সবাই ক্ষতিগ্রস্ত হয়।
মার্কেট স্ক্যাম: ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যালের আসল রহস্য
এবার ফাঁস হলো আসল সত্য।
ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যাল আসলে ছিলই না। এটা ছিল আলু সিন্ডিকেটের চাল! তারা দাম বাড়ানোর জন্য গুজব ছড়িয়েছিল।
এই খবর শুনে মানুষ ক্ষোভে ফেটে পড়ল। “আমার গাঁটের টাকা লুট করলি!” বলে সবাই আলুর বস্তা নিয়ে সিন্ডিকেটের পিছনে দৌড়াল।
এটাই মার্কেট স্ক্যাম—যখন বাজারকে ইচ্ছাকৃতভাবে প্রতারণার মাধ্যমে চালানো হয়।
এখনকার ক্রিপ্টো বাজারে কী চলছে?
এই গল্প থেকে শিখুন।
আপনার প্রিয় ক্রিপ্টো কি আসলেই কারেকশন বা পুলব্যাকের মধ্যে? নাকি বড় কোনো স্ক্যামের গন্ধ পাচ্ছেন?
নিজের সিদ্ধান্ত নিন ডেটা দেখে, গুজব শুনে নয়।
এবার বলুন, আপনি ক্রিপ্টো মার্কেটে কতটা আলু-সচেতন? মন্তব্যে জানান!
#Cryptoscam #MarketCorrection
একদিন সকালবেলা, বাজারের সবজি দোকানে একটা খবর ছড়িয়ে পড়ল—
“এলাকায় ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যাল 🍟 হচ্ছে! যেখানে আলুর ফ্রাই বানিয়ে সবাই পুরস্কার জিততে পারবে!”
এই খবর শুনে গ্রামে হৈচৈ পড়ে গেল। মানুষ গাড়ি, ঠেলাগাড়ি, এমনকি সাইকেলের ঝুড়ি নিয়েও বাজারে ছুটল। “১০ কেজি আলু দাও!”, “আমার তো ২০ কেজি লাগবে!”—চিৎকার শুরু।
আলুর দাম লাফিয়ে বেড়ে গেল। মনে হচ্ছিল, এই দাম শুধু চাঁদে গিয়ে থামবে।
মার্কেট কারেকশন: আলু-কাহিনীর প্রথম ধাক্কা
কিন্তু তখনই আসে বড় টুইস্ট। গ্রামের দারোগা জানাল, “আলুর কোনো অভাব নেই। আমরা গুদামে ঢুকে দেখেছি, পুরো আলুর পাহাড় জমে আছে!”
এখন যারা চড়া দামে আলু কিনেছিল, তারা মাথায় হাত দিয়ে বসে পড়ল।
“আমি তো ১০ গুণ বেশি দামে কিনলাম! ও আলু, তুই কেন এত নিষ্ঠুর!”
এদিকে দাম ১০% কমে গেল।
এটাই মার্কেট কারেকশন—গুজবের উত্তেজনা কমলে বাজারের দাম স্বাভাবিক অবস্থায় ফিরে আসে।
মার্কেট পুলব্যাক: আলু বাহিনী হাজির!
এরপর পাশের গ্রামের ব্যবসায়ীরা সুযোগ নিতে ছুটে এল। গরুর গাড়ি, নৌকা, এমনকি ভ্যানগাড়ি ভরে আলু নিয়ে তারা হাজির।
“এই যে, সস্তায় আলু কিনুন! আমাদের আলু আপনার পরিবারের জন্য!”
বাজারে আলুর ছড়াছড়ি দেখে দাম আরও ২৫% কমে গেল।
এটা মার্কেট পুলব্যাক—যখন নতুন প্রতিযোগিতা এসে বাজারে অস্থায়ী দাম কমিয়ে দেয়।
মার্কেট ক্র্যাশ: আলুর লঙ্কাকাণ্ড
একদিন সবাইকে চমকে দিয়ে সরকার ঘোষণা দিল, “চীন থেকে ১০ লাখ টন সস্তা আলু আমদানি করা হয়েছে। সবাই শান্ত থাকুন!”
মানুষ আতঙ্কিত হয়ে গেল।
“এত আলু দিয়ে আমরা কী করব? আমাদের আলু তো কেউ কিনবেই না!”
এক ধাক্কায় আলুর দাম ৫০% কমে গেল। আলু বিক্রেতারা কাঁদতে বসে গেল।
এটাই মার্কেট ক্র্যাশ—যখন বাজারের উপর বড় আঘাত আসে আর সবাই ক্ষতিগ্রস্ত হয়।
মার্কেট স্ক্যাম: ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যালের আসল রহস্য
এবার ফাঁস হলো আসল সত্য।
ফ্রেঞ্চ ফ্রাই ফেস্টিভ্যাল আসলে ছিলই না। এটা ছিল আলু সিন্ডিকেটের চাল! তারা দাম বাড়ানোর জন্য গুজব ছড়িয়েছিল।
এই খবর শুনে মানুষ ক্ষোভে ফেটে পড়ল। “আমার গাঁটের টাকা লুট করলি!” বলে সবাই আলুর বস্তা নিয়ে সিন্ডিকেটের পিছনে দৌড়াল।
এটাই মার্কেট স্ক্যাম—যখন বাজারকে ইচ্ছাকৃতভাবে প্রতারণার মাধ্যমে চালানো হয়।
এখনকার ক্রিপ্টো বাজারে কী চলছে?
এই গল্প থেকে শিখুন।
আপনার প্রিয় ক্রিপ্টো কি আসলেই কারেকশন বা পুলব্যাকের মধ্যে? নাকি বড় কোনো স্ক্যামের গন্ধ পাচ্ছেন?
নিজের সিদ্ধান্ত নিন ডেটা দেখে, গুজব শুনে নয়।
এবার বলুন, আপনি ক্রিপ্টো মার্কেটে কতটা আলু-সচেতন? মন্তব্যে জানান!
#Cryptoscam #MarketCorrection
$200K Crypto Scam :My Friend's Harrowing Escape
Learn How to Protect Your Digital Assets from the Rising Tide of Cryptocurrency Scams
In an age where cryptocurrency has become synonymous with wealth creation, the flip side of this digital coin is the lurking danger of scams. Today, I recount a chilling tale of my friend, whom we'll call Alex, who danced on the edge of losing a staggering $200,000 to a sophisticated crypto scam. This story not only serves as a cautionary tale but also enlightens us on how to navigate the murky waters of crypto investments safely.
The Beginning of a Nightmare
It all started innocuously enough for Alex, an IT professional with a keen interest in blockchain technology and cryptocurrency investments. One evening, while browsing through a popular crypto forum, Alex encountered a user, "CryptoSage," who was sharing insights on a new investment platform promising high-yield returns in Bitcoin. The platform, named "CryptoVault," boasted testimonials from seemingly successful investors and displayed an intuitive interface showing live trades, which piqued Alex's interest.
Alex, already holding a significant amount of Bitcoin, decided to diversify his portfolio. He contacted CryptoSage, who introduced him to a private group where members shared their investment success stories. The group was exclusive, with members claiming to be part of an elite circle of crypto investors. The sense of community and the promise of mentorship from "experienced traders" was intoxicating.
The Trap is Set
After weeks of discussion and observing the group's apparent success, Alex decided to invest. He transferred his first batch of $50,000 to CryptoVault, guided by CryptoSage. The platform showed Alex's investment growing, with daily reports of profits. Encouraged by this visual success, Alex increased his investment to $150,000, believing he had stumbled upon a lucrative opportunity.
However, the red flags began to appear. When Alex tried to withdraw some profits, he was met with requests for additional fees for "high-return withdrawal processing." Initially, he complied, thinking this was part of the process, but as the fees increased and his withdrawals were delayed, the reality dawned on him. The platform was a facade, and the profits were nothing but manipulated numbers on a dashboard.
The Narrow Escape
Fortunately for Alex, his background in IT made him suspicious. He conducted a reverse image search on the testimonials and found they were all fake. He also noticed that the platform's URL was a slight variation of a well-known legitimate site, a common tactic in phishing scams. Finally, he sought advice from a cybersecurity expert friend who confirmed his fears - CryptoVault was a scam.
With the help of his friend, Alex managed to freeze his last transaction, saving him from the full potential loss. However, the $50,000 he initially invested was gone, swallowed by the digital abyss of scam cryptocurrency platforms.
How to Avoid Crypto Scams
This story reflects the real dangers lurking in the crypto world. Here are key strategies to avoid falling victim to similar scams:
Do Your Own Research (DYOR): Never invest based on testimonials or group hype. Use tools like Etherscan or BscScan to verify transactions and addresses.
Check the Legitimacy: Look for official registration of the platform, reviews, and any history of scams associated with it. Use sites like ScamAdviser for initial checks.
Avoid High-Pressure Tactics: Scammers often use urgency to push for quick decisions. Take your time. If an offer sounds too good to be true, it probably is.
Secure Your Wallets: Use hardware wallets for significant investments and enable two-factor authentication on all accounts.
Educate Yourself: Join legitimate crypto communities, attend webinars, and read up on common scam tactics. Knowledge is your best defense.
Consult with Experts: Before making large investments, consult with or hire a financial advisor who specializes in crypto.
Report and Recover: If you suspect a scam, act fast. Report to authorities, and try to recover your funds through your bank or crypto exchanges if possible.
Alex's story resonates with the experiences of many in the crypto community who have faced or narrowly escaped similar scams. As cryptocurrencies continue to gain mainstream traction, the sophistication of scams evolves. By sharing these stories, we not only warn but also empower others in the crypto space to invest wisely and securely. Remember, in the digital world of crypto, vigilance is your best investment.
#CryptoScam #InvestmentScam
By spreading this tale, we aim to foster a safer, more informed crypto community. Share this story, educate your circle, and together, let's make the crypto world a scam-free environment.
In an age where cryptocurrency has become synonymous with wealth creation, the flip side of this digital coin is the lurking danger of scams. Today, I recount a chilling tale of my friend, whom we'll call Alex, who danced on the edge of losing a staggering $200,000 to a sophisticated crypto scam. This story not only serves as a cautionary tale but also enlightens us on how to navigate the murky waters of crypto investments safely.
The Beginning of a Nightmare
It all started innocuously enough for Alex, an IT professional with a keen interest in blockchain technology and cryptocurrency investments. One evening, while browsing through a popular crypto forum, Alex encountered a user, "CryptoSage," who was sharing insights on a new investment platform promising high-yield returns in Bitcoin. The platform, named "CryptoVault," boasted testimonials from seemingly successful investors and displayed an intuitive interface showing live trades, which piqued Alex's interest.
Alex, already holding a significant amount of Bitcoin, decided to diversify his portfolio. He contacted CryptoSage, who introduced him to a private group where members shared their investment success stories. The group was exclusive, with members claiming to be part of an elite circle of crypto investors. The sense of community and the promise of mentorship from "experienced traders" was intoxicating.
The Trap is Set
After weeks of discussion and observing the group's apparent success, Alex decided to invest. He transferred his first batch of $50,000 to CryptoVault, guided by CryptoSage. The platform showed Alex's investment growing, with daily reports of profits. Encouraged by this visual success, Alex increased his investment to $150,000, believing he had stumbled upon a lucrative opportunity.
However, the red flags began to appear. When Alex tried to withdraw some profits, he was met with requests for additional fees for "high-return withdrawal processing." Initially, he complied, thinking this was part of the process, but as the fees increased and his withdrawals were delayed, the reality dawned on him. The platform was a facade, and the profits were nothing but manipulated numbers on a dashboard.
The Narrow Escape
Fortunately for Alex, his background in IT made him suspicious. He conducted a reverse image search on the testimonials and found they were all fake. He also noticed that the platform's URL was a slight variation of a well-known legitimate site, a common tactic in phishing scams. Finally, he sought advice from a cybersecurity expert friend who confirmed his fears - CryptoVault was a scam.
With the help of his friend, Alex managed to freeze his last transaction, saving him from the full potential loss. However, the $50,000 he initially invested was gone, swallowed by the digital abyss of scam cryptocurrency platforms.
How to Avoid Crypto Scams
This story reflects the real dangers lurking in the crypto world. Here are key strategies to avoid falling victim to similar scams:
Do Your Own Research (DYOR): Never invest based on testimonials or group hype. Use tools like Etherscan or BscScan to verify transactions and addresses.
Check the Legitimacy: Look for official registration of the platform, reviews, and any history of scams associated with it. Use sites like ScamAdviser for initial checks.
Avoid High-Pressure Tactics: Scammers often use urgency to push for quick decisions. Take your time. If an offer sounds too good to be true, it probably is.
Secure Your Wallets: Use hardware wallets for significant investments and enable two-factor authentication on all accounts.
Educate Yourself: Join legitimate crypto communities, attend webinars, and read up on common scam tactics. Knowledge is your best defense.
Consult with Experts: Before making large investments, consult with or hire a financial advisor who specializes in crypto.
Report and Recover: If you suspect a scam, act fast. Report to authorities, and try to recover your funds through your bank or crypto exchanges if possible.
Alex's story resonates with the experiences of many in the crypto community who have faced or narrowly escaped similar scams. As cryptocurrencies continue to gain mainstream traction, the sophistication of scams evolves. By sharing these stories, we not only warn but also empower others in the crypto space to invest wisely and securely. Remember, in the digital world of crypto, vigilance is your best investment.
#CryptoScam #InvestmentScam
By spreading this tale, we aim to foster a safer, more informed crypto community. Share this story, educate your circle, and together, let's make the crypto world a scam-free environment.
Nigeria: EFCC Arrests 792 Suspects in Cryptocurrency Fraud Scheme
Commission Uncovers Massive Cryptocurrency Scam
Nigeria’s Economic and Financial Crimes Commission (EFCC) conducted a raid resulting in the arrest of 792 suspects involved in schemes known as crypto romance scams. The fraudsters convinced victims to invest in fake cryptocurrency projects, leading to significant financial losses.
Links to International Groups
EFCC spokesperson Wilson Uwujaren revealed that among those arrested were 148 Chinese nationals and 40 Filipino citizens. The scammers operated from a luxury building in Lagos, Nigeria’s commercial hub. Most of the victims were citizens of the United States and Europe.
During the raid, agents seized computers, mobile phones, and vehicles. Uwujaren stated that Nigerian fraudsters were recruited by international groups to target victims online using phishing techniques. Once the victims’ trust was gained, their information was handed over to foreign counterparts, who carried out the fraud.
Collaboration with International Partners
The EFCC announced it is working with international partners to identify potential links to organized crime. This collaboration aims to strengthen actions against similar fraudulent activities.
Another Case: Nigerian Scammer Defrauds Australians of $5 Million
The arrests follow a separate case involving Osang Otukpa, who allegedly defrauded 139 Australians of $5.04 million (8 million AUD) through a fraudulent cryptocurrency platform called Liquid Asset Group.
Otukpa reportedly used five different aliases and lured victims through social media. EFCC agents apprehended Otukpa on December 6, shortly after he landed at Murtala Mohammed International Airport in Lagos. According to reports, he will be charged once the investigation is complete.
Conclusion
The EFCC continues to intensify its efforts to combat cryptocurrency fraud, working closely with global partners to curb these illegal activities. The crackdown on 792 suspects and cases like Otukpa’s highlight Nigeria’s strengthened fight against financial crimes.
#hackers , #Cryptoscam , #cryptofraud , #CryptoSecurity , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Nigeria’s Economic and Financial Crimes Commission (EFCC) conducted a raid resulting in the arrest of 792 suspects involved in schemes known as crypto romance scams. The fraudsters convinced victims to invest in fake cryptocurrency projects, leading to significant financial losses.
Links to International Groups
EFCC spokesperson Wilson Uwujaren revealed that among those arrested were 148 Chinese nationals and 40 Filipino citizens. The scammers operated from a luxury building in Lagos, Nigeria’s commercial hub. Most of the victims were citizens of the United States and Europe.
During the raid, agents seized computers, mobile phones, and vehicles. Uwujaren stated that Nigerian fraudsters were recruited by international groups to target victims online using phishing techniques. Once the victims’ trust was gained, their information was handed over to foreign counterparts, who carried out the fraud.
Collaboration with International Partners
The EFCC announced it is working with international partners to identify potential links to organized crime. This collaboration aims to strengthen actions against similar fraudulent activities.
Another Case: Nigerian Scammer Defrauds Australians of $5 Million
The arrests follow a separate case involving Osang Otukpa, who allegedly defrauded 139 Australians of $5.04 million (8 million AUD) through a fraudulent cryptocurrency platform called Liquid Asset Group.
Otukpa reportedly used five different aliases and lured victims through social media. EFCC agents apprehended Otukpa on December 6, shortly after he landed at Murtala Mohammed International Airport in Lagos. According to reports, he will be charged once the investigation is complete.
Conclusion
The EFCC continues to intensify its efforts to combat cryptocurrency fraud, working closely with global partners to curb these illegal activities. The crackdown on 792 suspects and cases like Otukpa’s highlight Nigeria’s strengthened fight against financial crimes.
#hackers , #Cryptoscam , #cryptofraud , #CryptoSecurity , #CryptoNewss
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
💔 Crypto Love: Когда романтика превращается в мошенничество 🚨
В Нигерии 10 декабря прошла масштабная операция против крупнейшей crypto romance scam 🎭. Арестованы 792 человека – среди них 148 китайцев, 40 филиппинцев и местные жители.
📍 Как работала схема?
Мошенники через фейковые инвестиции создавали видимость доверительных отношений с жертвами из США, Канады и Мексики 🇺🇸🇨🇦🇲🇽. В ход шли:
Социальные сети 📲
Фишинг 🪝
Манипуляции на эмоциях 💬
🎭 Жертвам обещали "золотые горы" 💰, но в итоге оставляли их с пустым кошельком. Лагос стал эпицентром этой социальной инженерии, где подделывались истории и связи для вымогательства денег.
⚠️ Вывод? Не доверяйте сомнительным "инвесторам", даже если их истории трогают душу. Любовь в крипте должна быть к технологиям, а не фейковым обещаниям.
Будьте бдительны! У мошенников нет границ 🌍
Что думаете о таком "крипто-романтическом" повороте? Видели подобные схемы? 👀
#CryptoScam
#NigeriaNews
#FraudAlert
#StaySafe
В Нигерии 10 декабря прошла масштабная операция против крупнейшей crypto romance scam 🎭. Арестованы 792 человека – среди них 148 китайцев, 40 филиппинцев и местные жители.
📍 Как работала схема?
Мошенники через фейковые инвестиции создавали видимость доверительных отношений с жертвами из США, Канады и Мексики 🇺🇸🇨🇦🇲🇽. В ход шли:
Социальные сети 📲
Фишинг 🪝
Манипуляции на эмоциях 💬
🎭 Жертвам обещали "золотые горы" 💰, но в итоге оставляли их с пустым кошельком. Лагос стал эпицентром этой социальной инженерии, где подделывались истории и связи для вымогательства денег.
⚠️ Вывод? Не доверяйте сомнительным "инвесторам", даже если их истории трогают душу. Любовь в крипте должна быть к технологиям, а не фейковым обещаниям.
Будьте бдительны! У мошенников нет границ 🌍
Что думаете о таком "крипто-романтическом" повороте? Видели подобные схемы? 👀
#CryptoScam
#NigeriaNews
#FraudAlert
#StaySafe
🚨 The Alarming Case of the Fake Uber Driver Crypto Scam🚨
In the modern digital age, where convenience and innovation often go hand in hand, new forms of risks and scams have emerged. One such disturbing incident involves a cunning individual posing as an Uber driver and preying on unsuspecting passengers to steal their cryptocurrency. This story serves as a stark reminder of the importance of vigilance and caution, especially when it comes to using digital assets in our daily transactions.
**The Sinister Scheme Unveiled**
Picture this: you hail an Uber ride, expecting a seamless journey to your destination. However, instead of a legitimate driver providing a safe and reliable service, you encounter a fraudster with malicious intentions. This sneaky impostor has been operating under the guise of a real Uber driver, but with a devious plan in mind. They have managed to deceive passengers into sending them cryptocurrency, using various ruses. Some victims were tricked into believing that they needed to pay for their ride using crypto, perhaps with the promise of a special discount or some other enticing offer. Others were coerced into parting with their digital coins under false pretenses. And once the scammer had successfully obtained the cryptocurrency, they vanished into thin air, leaving the victims bewildered and out of pocket.
**The Unraveling of the Scam and the Widespread Concern**
It was only after several passengers reported similar experiences that the full extent of this scam came to light. As the news spread, a wave of worry and concern swept through the community. People who had previously been enthusiastic about the idea of using cryptocurrency for payments suddenly became apprehensive. After all, if a seemingly ordinary ride-sharing transaction could turn into a nightmare of fraud, what other risks might be lurking in the shadows? The thief's modus operandi was particularly cunning. By using a real Uber account, they were able to gain the initial trust of the passengers. But it was their exploitation of the anonymity of crypto transactions that really allowed them to cover their tracks and make off with the stolen funds. This aspect of the scam has highlighted one of the double-edged swords of cryptocurrency - while its anonymity can offer privacy and security in some respects, it can also be exploited by criminals.
**The Response from Uber and the Experts' Insights**
Uber, upon learning of the situation, has been swift to take action. They are actively going after the fake driver, leveraging their resources and technology to track down the perpetrator and put an end to this illegal activity. In addition to their pursuit of justice, Uber is also taking steps to educate and protect its users. They are reminding everyone in no uncertain terms to only pay for rides through the official Uber app. This simple yet crucial step can go a long way in preventing such scams from occurring. The company is also warning users to be on high alert and not fall for any strange or unusual payment requests, especially those involving cryptocurrency.
Experts in the field of cryptocurrency and security have weighed in on this issue as well. They have pointed out that one of the key factors that make crypto transactions an attractive target for scammers is their irreversible nature. Once a payment has been made in cryptocurrency, it cannot be easily undone or reversed, unlike traditional payment methods. This means that if you fall victim to a scam, there is very little recourse to get your money back. It's like handing over cash and then realizing it was a mistake, but with no way to retrieve it.
**Lessons Learned and the Road Ahead**
This entire incident is a wake-up call for all of us. It shows that as we embrace the convenience and potential of cryptocurrencies, we must also be acutely aware of the risks involved. When using ride-sharing services or any other form of digital payment, we need to be extra cautious. Always double-check the identity of the person you are dealing with and make sure that the payment process is legitimate and secure. If something seems too good to be true, it probably is. Stay informed about the latest scams and security measures, and don't let yourself be caught off guard.
In conclusion, the case of the fake Uber driver stealing crypto is a cautionary tale that should prompt us all to take our digital security seriously. By remaining vigilant, educating ourselves, and following best practices, we can protect ourselves from falling victim to such scams and continue to enjoy the benefits of the digital economy safely. 💪 Let's stay alert and keep our hard-earned cryptocurrency and personal information out of the hands of scammers. 🚫 #CryptoScam #Uber #StaySafeInvestSmart #BinanceSecurity #VANAOpening
**The Sinister Scheme Unveiled**
Picture this: you hail an Uber ride, expecting a seamless journey to your destination. However, instead of a legitimate driver providing a safe and reliable service, you encounter a fraudster with malicious intentions. This sneaky impostor has been operating under the guise of a real Uber driver, but with a devious plan in mind. They have managed to deceive passengers into sending them cryptocurrency, using various ruses. Some victims were tricked into believing that they needed to pay for their ride using crypto, perhaps with the promise of a special discount or some other enticing offer. Others were coerced into parting with their digital coins under false pretenses. And once the scammer had successfully obtained the cryptocurrency, they vanished into thin air, leaving the victims bewildered and out of pocket.
**The Unraveling of the Scam and the Widespread Concern**
It was only after several passengers reported similar experiences that the full extent of this scam came to light. As the news spread, a wave of worry and concern swept through the community. People who had previously been enthusiastic about the idea of using cryptocurrency for payments suddenly became apprehensive. After all, if a seemingly ordinary ride-sharing transaction could turn into a nightmare of fraud, what other risks might be lurking in the shadows? The thief's modus operandi was particularly cunning. By using a real Uber account, they were able to gain the initial trust of the passengers. But it was their exploitation of the anonymity of crypto transactions that really allowed them to cover their tracks and make off with the stolen funds. This aspect of the scam has highlighted one of the double-edged swords of cryptocurrency - while its anonymity can offer privacy and security in some respects, it can also be exploited by criminals.
**The Response from Uber and the Experts' Insights**
Uber, upon learning of the situation, has been swift to take action. They are actively going after the fake driver, leveraging their resources and technology to track down the perpetrator and put an end to this illegal activity. In addition to their pursuit of justice, Uber is also taking steps to educate and protect its users. They are reminding everyone in no uncertain terms to only pay for rides through the official Uber app. This simple yet crucial step can go a long way in preventing such scams from occurring. The company is also warning users to be on high alert and not fall for any strange or unusual payment requests, especially those involving cryptocurrency.
Experts in the field of cryptocurrency and security have weighed in on this issue as well. They have pointed out that one of the key factors that make crypto transactions an attractive target for scammers is their irreversible nature. Once a payment has been made in cryptocurrency, it cannot be easily undone or reversed, unlike traditional payment methods. This means that if you fall victim to a scam, there is very little recourse to get your money back. It's like handing over cash and then realizing it was a mistake, but with no way to retrieve it.
**Lessons Learned and the Road Ahead**
This entire incident is a wake-up call for all of us. It shows that as we embrace the convenience and potential of cryptocurrencies, we must also be acutely aware of the risks involved. When using ride-sharing services or any other form of digital payment, we need to be extra cautious. Always double-check the identity of the person you are dealing with and make sure that the payment process is legitimate and secure. If something seems too good to be true, it probably is. Stay informed about the latest scams and security measures, and don't let yourself be caught off guard.
In conclusion, the case of the fake Uber driver stealing crypto is a cautionary tale that should prompt us all to take our digital security seriously. By remaining vigilant, educating ourselves, and following best practices, we can protect ourselves from falling victim to such scams and continue to enjoy the benefits of the digital economy safely. 💪 Let's stay alert and keep our hard-earned cryptocurrency and personal information out of the hands of scammers. 🚫 #CryptoScam #Uber #StaySafeInvestSmart #BinanceSecurity #VANAOpening
Woman Kidnaps Saudi Royal, Steals $40,000 in Bitcoin – Avoids Jail
24-year-old Catherine Colivas and three others kidnapped a member of the Saudi royal family and forced him to transfer $40,000 in Bitcoin. The perpetrators threatened to cut off his fingers if he didn’t pay. Despite pleading guilty to the charges, Colivas avoided jail time and was sentenced to community service.
Plan Began on a Dating App
The court heard that Colivas met the victim through a dating app and later went out for dinner and drinks. After the evening, the royal accompanied her home, where three men, including one of Colivas’ friends, were waiting.
The victim was tied up with cables and threatened with a knife.He was told his fingers would be cut off if he didn’t pay.
Theft of Cryptocurrency and Other Items
Since the victim was a cryptocurrency trader, he offered to transfer $40,000 in Bitcoin. To complete the transaction, he had to call a friend for assistance. The perpetrators also stole:
Keys to his houseDesigner clothingA PlayStation 5 and several iPhones
After the incident, the victim was released and immediately contacted the police. Due to injuries to his head and wrists, he spent the night in a hospital.
Sentence: No Jail Time Due to "Exceptional Circumstances"
Despite the severity of the crime, Colivas was only sentenced to a 30-month community correction order, the Australian equivalent of community service.
The judge justified the decision by citing:
Colivas’ young ageHer troubled upbringingFragile mental healthRehabilitation prospectsThe tragic death of her brother while awaiting trial.
Colivas’ brother, Andrew, died at the age of 25 while on vacation in Southeast Asia.
Another Involved Woman Also Pleads Guilty
22-year-old Paris Kennedy was also involved in the case and pleaded guilty to theft and burglary. After serving 90 days in jail, she was released on good behavior. The judge noted that Kennedy had shown genuine remorse for the victim.
Conclusion
Despite the violent nature of the crime, Catherine Colivas avoided jail time. The decision has sparked questions about the appropriateness of the sentence, especially given the serious nature of the offenses.
#CryptoNewss , #cryptocrime , #Cryptoscam , #BTC☀ , #CryptoSecurity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Plan Began on a Dating App
The court heard that Colivas met the victim through a dating app and later went out for dinner and drinks. After the evening, the royal accompanied her home, where three men, including one of Colivas’ friends, were waiting.
The victim was tied up with cables and threatened with a knife.He was told his fingers would be cut off if he didn’t pay.
Theft of Cryptocurrency and Other Items
Since the victim was a cryptocurrency trader, he offered to transfer $40,000 in Bitcoin. To complete the transaction, he had to call a friend for assistance. The perpetrators also stole:
Keys to his houseDesigner clothingA PlayStation 5 and several iPhones
After the incident, the victim was released and immediately contacted the police. Due to injuries to his head and wrists, he spent the night in a hospital.
Sentence: No Jail Time Due to "Exceptional Circumstances"
Despite the severity of the crime, Colivas was only sentenced to a 30-month community correction order, the Australian equivalent of community service.
The judge justified the decision by citing:
Colivas’ young ageHer troubled upbringingFragile mental healthRehabilitation prospectsThe tragic death of her brother while awaiting trial.
Colivas’ brother, Andrew, died at the age of 25 while on vacation in Southeast Asia.
Another Involved Woman Also Pleads Guilty
22-year-old Paris Kennedy was also involved in the case and pleaded guilty to theft and burglary. After serving 90 days in jail, she was released on good behavior. The judge noted that Kennedy had shown genuine remorse for the victim.
Conclusion
Despite the violent nature of the crime, Catherine Colivas avoided jail time. The decision has sparked questions about the appropriateness of the sentence, especially given the serious nature of the offenses.
#CryptoNewss , #cryptocrime , #Cryptoscam , #BTC☀ , #CryptoSecurity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Arizona Man Posed as Uber Driver to Steal $300,000 in Cryptocurrency
Detectives from Scottsdale, in collaboration with U.S. Secret Service agents, arrested a man on December 11 for charges of theft, fraud, and money laundering. The suspect allegedly stole $300,000 worth of cryptocurrency from two unsuspecting passengers.
Fake Uber Driver as a Trap
According to Fox10 Phoenix, Nuruhussein Hussein pretended to be an Uber driver in Scottsdale, Arizona. The thefts reportedly occurred in March and October when Hussein lured victims waiting outside the W Hotel, posing as their ordered Uber ride.
First Incident: Hussein allegedly asked to borrow a passenger's phone, claiming his device was broken.Second Incident: He offered to resolve issues with the Uber app after the victim questioned why the app showed the driver hadn’t arrived yet.
Stealing Cryptocurrency from Coinbase
Hussein reportedly used the opportunity to access the victims' Coinbase accounts while holding their phones. The stolen cryptocurrency was transferred from phone to phone and moved to cold storage (offline wallets).
Court documents do not specify how Hussein knew the names of the passengers waiting for their Uber.
Threatening the Victims
When one victim grew suspicious, Hussein allegedly threatened them, saying: “Calm down, or something bad will happen.”
Arrest and Charges
Hussein was arrested by Scottsdale detectives and U.S. Secret Service agents on December 11. The judge set a $200,000 cash bond and ordered electronic monitoring if Hussein were to secure his release.
The court imposed restrictions, including:
No internet usage,No international travel, due to concerns that Hussein might destroy evidence or flee to Ethiopia, where he allegedly travels frequently.
Hussein is scheduled to appear in court again on December 18.
Rising Cases of Cryptocurrency Robberies
According to GitHub, there have been at least 19 cases of offline crypto thefts worldwide in the past year. This compares to 17 cases in 2023 and 32 in 2021.
One of the most notable incidents occurred in 2014, when an unknown attacker attempted to extort 1,000 bitcoins from computer scientist and cryptographer Hal Finney. At the time, the stolen amount was valued at $400,000.
Recent Case in Australia
In the latest recorded incident on December 3, thieves in Melbourne, Australia, crashed through a shopping center window and stole a Bitcoin ATM. Police later found the ATM pried open and burning in a park.
#cryptofraud , #cryptocrime , #CryptoNewss , #cybersecurity , #Cryptoscam
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Fake Uber Driver as a Trap
According to Fox10 Phoenix, Nuruhussein Hussein pretended to be an Uber driver in Scottsdale, Arizona. The thefts reportedly occurred in March and October when Hussein lured victims waiting outside the W Hotel, posing as their ordered Uber ride.
First Incident: Hussein allegedly asked to borrow a passenger's phone, claiming his device was broken.Second Incident: He offered to resolve issues with the Uber app after the victim questioned why the app showed the driver hadn’t arrived yet.
Stealing Cryptocurrency from Coinbase
Hussein reportedly used the opportunity to access the victims' Coinbase accounts while holding their phones. The stolen cryptocurrency was transferred from phone to phone and moved to cold storage (offline wallets).
Court documents do not specify how Hussein knew the names of the passengers waiting for their Uber.
Threatening the Victims
When one victim grew suspicious, Hussein allegedly threatened them, saying: “Calm down, or something bad will happen.”
Arrest and Charges
Hussein was arrested by Scottsdale detectives and U.S. Secret Service agents on December 11. The judge set a $200,000 cash bond and ordered electronic monitoring if Hussein were to secure his release.
The court imposed restrictions, including:
No internet usage,No international travel, due to concerns that Hussein might destroy evidence or flee to Ethiopia, where he allegedly travels frequently.
Hussein is scheduled to appear in court again on December 18.
Rising Cases of Cryptocurrency Robberies
According to GitHub, there have been at least 19 cases of offline crypto thefts worldwide in the past year. This compares to 17 cases in 2023 and 32 in 2021.
One of the most notable incidents occurred in 2014, when an unknown attacker attempted to extort 1,000 bitcoins from computer scientist and cryptographer Hal Finney. At the time, the stolen amount was valued at $400,000.
Recent Case in Australia
In the latest recorded incident on December 3, thieves in Melbourne, Australia, crashed through a shopping center window and stole a Bitcoin ATM. Police later found the ATM pried open and burning in a park.
#cryptofraud , #cryptocrime , #CryptoNewss , #cybersecurity , #Cryptoscam
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
"🚨 #Scam Alert: Don't Fall for Fake Elon Musk Crypto Offers! 🚨"
#CryptoScam #ImpersonationAlert #StaySafeCrypto
#CryptoScam #ImpersonationAlert #StaySafeCrypto
🤔 💭 Is Elon Musk Promoting a Crypto Giveaway? Beware of Deepfake Scam🚨!
A new deepfake video of Elon Musk claiming to promote a $20 million cryptocurrency giveaway has been circulating online. The video directs viewers to a website, Elon4u.com, and suggests the giveaway runs for a week, starting December 13.
However, this is NOT real! Elon Musk and his companies are not running any crypto giveaways.
As highlighted by X user DogeDesigner (@cb_doge):
"Don’t fall for scams! Stay safe."
Always be cautious with online promotions, especially those that sound too good to be true. If you come across such videos or links, do not engage. Verify through official channels and stay safe online!
like and Follow for latest information about crypto world .
#ScamAlert #CryptoScam #ElonMuskUpdates #DeepfakeWarning #StaySafe
A new deepfake video of Elon Musk claiming to promote a $20 million cryptocurrency giveaway has been circulating online. The video directs viewers to a website, Elon4u.com, and suggests the giveaway runs for a week, starting December 13.
However, this is NOT real! Elon Musk and his companies are not running any crypto giveaways.
As highlighted by X user DogeDesigner (@cb_doge):
"Don’t fall for scams! Stay safe."
Always be cautious with online promotions, especially those that sound too good to be true. If you come across such videos or links, do not engage. Verify through official channels and stay safe online!
like and Follow for latest information about crypto world .
#ScamAlert #CryptoScam #ElonMuskUpdates #DeepfakeWarning #StaySafe
🚨💥 MrBeast Caught in $20M Crypto Scam Allegations! 💥🚨
In a shocking turn of events, popular YouTuber **MrBeast** is under investigation for allegedly orchestrating a massive crypto scheme worth over **$20 million**! Here’s what we know so far:
🔍 **On-Chain Investigation:**
Blockchain sleuths traced MrBeast’s main wallet (0x9e6), uncovering a web of **50+ interconnected wallets**. 🕵️♂️
💰 **Key Findings:**
MrBeast allegedly profited millions by dumping tokens from several projects:
- **$11.4M** from SuperVerse ($SUPER )
- **$4.6M** from Ethernity Chain ($ERN )
- **$1.7M** from Polychain Monsters ($PMON)
- **$1.3M** from Jigstack ($STAK)
- Multiple six-figure exits from other crypto projects
📊 **The Strategy:**
Using his massive brand power, MrBeast is accused of:
- Aggressively promoting these tokens 🚀
- Selling at peak prices and dumping them on unsuspecting retail investors 💸
This scandal is shaking the crypto world! Stay tuned for updates. 🔥
#CryptoScam #MrBeastScandal #BlockchainInvestigation #CryptoNews
In a shocking turn of events, popular YouTuber **MrBeast** is under investigation for allegedly orchestrating a massive crypto scheme worth over **$20 million**! Here’s what we know so far:
🔍 **On-Chain Investigation:**
Blockchain sleuths traced MrBeast’s main wallet (0x9e6), uncovering a web of **50+ interconnected wallets**. 🕵️♂️
💰 **Key Findings:**
MrBeast allegedly profited millions by dumping tokens from several projects:
- **$11.4M** from SuperVerse ($SUPER )
- **$4.6M** from Ethernity Chain ($ERN )
- **$1.7M** from Polychain Monsters ($PMON)
- **$1.3M** from Jigstack ($STAK)
- Multiple six-figure exits from other crypto projects
📊 **The Strategy:**
Using his massive brand power, MrBeast is accused of:
- Aggressively promoting these tokens 🚀
- Selling at peak prices and dumping them on unsuspecting retail investors 💸
This scandal is shaking the crypto world! Stay tuned for updates. 🔥
#CryptoScam #MrBeastScandal #BlockchainInvestigation #CryptoNews
EXPOSED: Andrew Tate’s $3 MILLION PUMP AND DUMP SCAM – DON’T FALL FOR IT! 💥🚨
It’s no secret that the crypto world is full of opportunists looking to make a quick buck – but what happens when an influencer with millions of followers manipulates the market for personal gain? Enter Andrew Tate, the controversial figure who managed to trick his followers into losing big money – and pocketed over $3 MILLION in the process!
Here’s How He Did It:
During his streams, Tate hyped up certain meme coins and even promoted his own games, making wild promises of “easy profits” and “getting rich quick.” As a self-proclaimed millionaire, he told his audience he was above the money game and only promoted these tokens for "good reasons." But as we know, actions speak louder than words.
What happened next? After pumping the prices of the coins with his massive following, Tate’s team secretly dumped their holdings, causing huge price drops. Meanwhile, his pockets were lined with cash while his followers were left holding the bag.
The Result:
Tate rakes in millions.
His followers lose big money.
Another classic pump and dump scheme.
The Hard Truth:
This is the reality of the “get rich quick” narrative that many influencers like Tate sell to their followers. These manipulators get rich off of your money, then flaunt their new cars, flashy lifestyles, and “millionaire” status — all while you lose your investment.
Don’t Fall for the Trap:
Be cautious when influencers or anyone promises “easy profits.”
Don’t let the flashy cars and expensive lifestyles fool you into trusting scammers.
Always research before investing in any coin, especially if it's tied to influencers who don’t have your best interests in mind.
Key Takeaway:
It’s crucial to do your due diligence and avoid the pump and dump schemes that have become all too common in the crypto world. Don’t let manipulative influencers take your hard-earned money.
Stay smart, stay informed, and remember: real wealth comes from informed decisions, not get-rich-quick scams.
---
#Crypto #PumpAndDump #AndrewTate #CryptoScam #Write2Earn
$XRP
Here’s How He Did It:
During his streams, Tate hyped up certain meme coins and even promoted his own games, making wild promises of “easy profits” and “getting rich quick.” As a self-proclaimed millionaire, he told his audience he was above the money game and only promoted these tokens for "good reasons." But as we know, actions speak louder than words.
What happened next? After pumping the prices of the coins with his massive following, Tate’s team secretly dumped their holdings, causing huge price drops. Meanwhile, his pockets were lined with cash while his followers were left holding the bag.
The Result:
Tate rakes in millions.
His followers lose big money.
Another classic pump and dump scheme.
The Hard Truth:
This is the reality of the “get rich quick” narrative that many influencers like Tate sell to their followers. These manipulators get rich off of your money, then flaunt their new cars, flashy lifestyles, and “millionaire” status — all while you lose your investment.
Don’t Fall for the Trap:
Be cautious when influencers or anyone promises “easy profits.”
Don’t let the flashy cars and expensive lifestyles fool you into trusting scammers.
Always research before investing in any coin, especially if it's tied to influencers who don’t have your best interests in mind.
Key Takeaway:
It’s crucial to do your due diligence and avoid the pump and dump schemes that have become all too common in the crypto world. Don’t let manipulative influencers take your hard-earned money.
Stay smart, stay informed, and remember: real wealth comes from informed decisions, not get-rich-quick scams.
---
#Crypto #PumpAndDump #AndrewTate #CryptoScam #Write2Earn
$XRP
Crypto ICO Scams: How to DYOR Before It's Too Late
Initial Coin Offerings (ICOs) have become an increasingly popular way for companies to raise funds by offering investors a new cryptocurrency. ICOs are typically unregulated and are often used by scammers to defraud unsuspecting investors. In this article, we will discuss the various types of ICO scams and how to DYOR to identify them.
1. What is an ICO?
An ICO is a fundraising method in which a company creates a new cryptocurrency and offers it for sale to investors in exchange for established cryptocurrencies such as Bitcoin or Ethereum. ICOs are similar to Initial Public Offerings (IPOs), but with cryptocurrencies instead of shares.
2. Types of ICO scams
2.1 Exit Scam
Exit scam is a type of fraud where the creators of the ICO disappear after raising funds from investors, leaving investors with worthless tokens. The creators of the ICO may take the funds and never deliver the product or service promised. In some cases, they may even delete their website and social media accounts to avoid detection.
2.2 Pump and Dump Scam
In a pump and dump scam, scammers buy large quantities of a new cryptocurrency and then promote it heavily on social media and other channels to inflate its price. Once the price has risen, they sell their tokens, leaving other investors with worthless tokens.
2.3 Phishing Scam
In a phishing scam, scammers create fake ICO websites that look similar to legitimate ones. They use these sites to collect investor information, including email addresses and cryptocurrency wallet addresses, which they use to steal funds from investors.
2.4 Fake Team Scam
In a fake team scam, scammers create fake profiles of team members with impressive credentials to make the ICO appear more legitimate. However, when investors try to contact these team members, they find that they do not exist.
3. How to identify an ICO scam
3.1 Lack of transparency
If the ICO lacks transparency or fails to provide clear information about its team, product, or business model, it may be a scam.
3.2 Unrealistic promises
If an ICO promises unrealistic returns or claims to have no risks, it is likely a scam. Don't fall in Ludacris claims.
3.3 No clear roadmap
If an ICO does not have a clear roadmap or timeline for the development of its product or service, it may be a scam.
3.4 No code available
If an ICO does not provide access to its code or whitepaper, it may be a scam.
3.5 No clear use case
If an ICO does not have a clear use case for its token, it may be a scam. Usually these kind of project claim revolutionary change but in ground level they are zero.
Initial coins offerings are always a luring aspect for retail investors. The way a project market their ICO is somewhere people got hooked. There's no doubt 100s of good project our there with legit ICO and proper roadmap. But the number is tiny.
The anonymous nature of crypto sometimes boost these types of scam. So next time before investing a lucrative ICO make sure the project tick boxes all those area. If not it's a area of concern and you should do more research before putting penny on that.
Thank you guys reading my article. This article is a part of #feedfeverchallenge so support me by like & sharing this article and comment your opinions about this. If you want help in trading check out our trading posts.
For more follow this page or check our profile for more information. Till then #Trade_safe Friends.
#dyor #ICO #cryptoscam
4. Citations:
"What is an Initial Coin Offering (ICO)?" Investopedia, 2022, https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp
"ICO Scams: How to Identify and Avoid Them," Forbes, 2021, https://www.forbes.com/advisor/investing/ico-scams/ "10 Warning Signs of ICO Scams," CryptoSlate, 2019, https://cryptoslate.com/10-warning-signs-of-ico-scams/
1. What is an ICO?
An ICO is a fundraising method in which a company creates a new cryptocurrency and offers it for sale to investors in exchange for established cryptocurrencies such as Bitcoin or Ethereum. ICOs are similar to Initial Public Offerings (IPOs), but with cryptocurrencies instead of shares.
2. Types of ICO scams
2.1 Exit Scam
Exit scam is a type of fraud where the creators of the ICO disappear after raising funds from investors, leaving investors with worthless tokens. The creators of the ICO may take the funds and never deliver the product or service promised. In some cases, they may even delete their website and social media accounts to avoid detection.
2.2 Pump and Dump Scam
In a pump and dump scam, scammers buy large quantities of a new cryptocurrency and then promote it heavily on social media and other channels to inflate its price. Once the price has risen, they sell their tokens, leaving other investors with worthless tokens.
2.3 Phishing Scam
In a phishing scam, scammers create fake ICO websites that look similar to legitimate ones. They use these sites to collect investor information, including email addresses and cryptocurrency wallet addresses, which they use to steal funds from investors.
2.4 Fake Team Scam
In a fake team scam, scammers create fake profiles of team members with impressive credentials to make the ICO appear more legitimate. However, when investors try to contact these team members, they find that they do not exist.
3. How to identify an ICO scam
3.1 Lack of transparency
If the ICO lacks transparency or fails to provide clear information about its team, product, or business model, it may be a scam.
3.2 Unrealistic promises
If an ICO promises unrealistic returns or claims to have no risks, it is likely a scam. Don't fall in Ludacris claims.
3.3 No clear roadmap
If an ICO does not have a clear roadmap or timeline for the development of its product or service, it may be a scam.
3.4 No code available
If an ICO does not provide access to its code or whitepaper, it may be a scam.
3.5 No clear use case
If an ICO does not have a clear use case for its token, it may be a scam. Usually these kind of project claim revolutionary change but in ground level they are zero.
Initial coins offerings are always a luring aspect for retail investors. The way a project market their ICO is somewhere people got hooked. There's no doubt 100s of good project our there with legit ICO and proper roadmap. But the number is tiny.
The anonymous nature of crypto sometimes boost these types of scam. So next time before investing a lucrative ICO make sure the project tick boxes all those area. If not it's a area of concern and you should do more research before putting penny on that.
Thank you guys reading my article. This article is a part of #feedfeverchallenge so support me by like & sharing this article and comment your opinions about this. If you want help in trading check out our trading posts.
For more follow this page or check our profile for more information. Till then #Trade_safe Friends.
#dyor #ICO #cryptoscam
4. Citations:
"What is an Initial Coin Offering (ICO)?" Investopedia, 2022, https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp
"ICO Scams: How to Identify and Avoid Them," Forbes, 2021, https://www.forbes.com/advisor/investing/ico-scams/ "10 Warning Signs of ICO Scams," CryptoSlate, 2019, https://cryptoslate.com/10-warning-signs-of-ico-scams/
🚨 Project Airdrop according to Size
● $DOGS 🐶 - Big profit
● $CATI 🐈 - Average profit
● $HMSTR 🐹 - Small profit
Airdrop profit defined by size of animal in project 😂😂😂
#cryptoscam #scamsterkombat #hamsterkombat
● $DOGS 🐶 - Big profit
● $CATI 🐈 - Average profit
● $HMSTR 🐹 - Small profit
Airdrop profit defined by size of animal in project 😂😂😂
#cryptoscam #scamsterkombat #hamsterkombat
Me uní a un grupo de señales cripto para que tú no tengas que hacerlo - MI EXPERIENCIA REVELADORA
Hola, entusiastas de las criptomonedas,
Seguramente todos hemos oído hablar de los famosos grupos de señales de cripto. Si por casualidad no los conoces, básicamente son grupos donde uno o más "traders experimentados" te dan señales sobre cuándo comprar ciertas monedas y cuándo venderlas. Usualmente, cobran una tarifa mensual para formar parte del grupo. El grupo al que me uní ofrecía señales para trading spot y futuros con apalancamiento de hasta 50X.
Vi uno de estos grupos anunciándose mucho en redes sociales de mi país, y ofrecían tres días de prueba gratis, así que pensé: "¿Por qué no? Veamos de qué trata". Me uní a su grupo de Telegram, donde había unos 500 miembros. En el grupo, publicaban sus supuestos rendimientos altos, pero curiosamente, nunca mencionaban las pérdidas, lo típico. Este era el grupo "estándar", donde estaban las personas que aún no pagaban. Como tenía la prueba gratuita, me invitaron al grupo VIP.
Para aclarar, llevo tiempo haciendo trading intradía. No soy un experto, pero he logrado generar ganancias decentes, así que no soy un novato total. Decidí saltarme las señales para trading spot porque no quería quedarme con las "shitcoins" que sugerían. Solo me interesaban los futuros. Los administradores se hacían llamar "profesores" y afirmaban tener años de experiencia y carteras de cientos de miles de dólares, lo cual sería impresionante si fuera cierto (spoiler: no lo es).
¿Cómo funciona?
Básicamente, te envían una señal con precios de entrada, puntos de toma de ganancias y un stop loss. Usábamos Binance, y sugerían usar entre el 5% y el 10% de tu portafolio en cada operación. Se supone que debes copiar cada señal. La primera señal que recibí fue Shiba Inu, y logré obtener alrededor de un 12% de ganancia con un apalancamiento de 10x. Las siguientes dos señales fueron de "shitcoins", y perdí en ambas. Nos dijeron que cerráramos la operación antes de llegar al stop loss, lo que me hizo perder cerca del 8% en cada una. El stop loss que sugerían rondaba el -25%.
Luego llegó el momento del famoso trade con 50x de apalancamiento. Nos recomendaron abrir una posición larga en BTC con 50x. Dudé, pero para poder contar la experiencia completa, decidí hacerlo. Logré obtener una ganancia del 60%. Hasta ahí, todo bien, pero fue entonces cuando las cosas empezaron a ir mal.
Mi prueba gratuita terminó y me pidieron pagar $30 para continuar. Decidí pagar para poder contar mi experiencia de un mes completo. Fue desastroso. La mayoría de las operaciones eran con "shitcoins" y las pérdidas eran frecuentes. Solo publicaban sus ganancias en el grupo estándar cuando ganábamos, y rara vez mencionaban las pérdidas. Solo vi que publicaran una pérdida una vez, y fue de solo el 2%, para luego decir que habían "salvado el día". En resumen, acabé perdiendo dinero.
Mis resultados en Binance después de 30 días fueron los siguientes:
Ganancia total: $40.56 USDPérdida total: $79.10 USDResultado neto: -$38.54 USD
Como puedes ver, no gané dinero. Y eso que no participé en todas las operaciones, así que probablemente hubiera perdido aún más. Ahora imagina a las personas que invierten más dinero por operación, debe sentirse terrible. No quise arriesgar grandes cantidades, pero está claro lo mal que resultó. Mis pérdidas fueron casi el doble de mis ganancias.
Cuando renové la suscripción, éramos unas 40 personas en el grupo. Eso significa que ellos ganaban alrededor de $1,200 al mes solo con las suscripciones, y siempre habrá nuevos incautos para reemplazar a los que se van. Es mucho dinero.
Conclusión: No te unas a ningún grupo de señales, ya sea en cripto o en cualquier otro ámbito. Estos "traders" suelen ser inexpertos que se presentan como expertos para atraerte. A menudo te mostrarán sus supuestas ganancias para convencerte, pero la mayoría de las veces probablemente las hayan sacado de internet.
Cuídate.
Conclusión: Si alguien tuviera la habilidad de convertir cosas en oro, ¿por qué te lo venderían?
#Señales #Signals #Education #educational #cryptoscam
Seguramente todos hemos oído hablar de los famosos grupos de señales de cripto. Si por casualidad no los conoces, básicamente son grupos donde uno o más "traders experimentados" te dan señales sobre cuándo comprar ciertas monedas y cuándo venderlas. Usualmente, cobran una tarifa mensual para formar parte del grupo. El grupo al que me uní ofrecía señales para trading spot y futuros con apalancamiento de hasta 50X.
Vi uno de estos grupos anunciándose mucho en redes sociales de mi país, y ofrecían tres días de prueba gratis, así que pensé: "¿Por qué no? Veamos de qué trata". Me uní a su grupo de Telegram, donde había unos 500 miembros. En el grupo, publicaban sus supuestos rendimientos altos, pero curiosamente, nunca mencionaban las pérdidas, lo típico. Este era el grupo "estándar", donde estaban las personas que aún no pagaban. Como tenía la prueba gratuita, me invitaron al grupo VIP.
Para aclarar, llevo tiempo haciendo trading intradía. No soy un experto, pero he logrado generar ganancias decentes, así que no soy un novato total. Decidí saltarme las señales para trading spot porque no quería quedarme con las "shitcoins" que sugerían. Solo me interesaban los futuros. Los administradores se hacían llamar "profesores" y afirmaban tener años de experiencia y carteras de cientos de miles de dólares, lo cual sería impresionante si fuera cierto (spoiler: no lo es).
¿Cómo funciona?
Básicamente, te envían una señal con precios de entrada, puntos de toma de ganancias y un stop loss. Usábamos Binance, y sugerían usar entre el 5% y el 10% de tu portafolio en cada operación. Se supone que debes copiar cada señal. La primera señal que recibí fue Shiba Inu, y logré obtener alrededor de un 12% de ganancia con un apalancamiento de 10x. Las siguientes dos señales fueron de "shitcoins", y perdí en ambas. Nos dijeron que cerráramos la operación antes de llegar al stop loss, lo que me hizo perder cerca del 8% en cada una. El stop loss que sugerían rondaba el -25%.
Luego llegó el momento del famoso trade con 50x de apalancamiento. Nos recomendaron abrir una posición larga en BTC con 50x. Dudé, pero para poder contar la experiencia completa, decidí hacerlo. Logré obtener una ganancia del 60%. Hasta ahí, todo bien, pero fue entonces cuando las cosas empezaron a ir mal.
Mi prueba gratuita terminó y me pidieron pagar $30 para continuar. Decidí pagar para poder contar mi experiencia de un mes completo. Fue desastroso. La mayoría de las operaciones eran con "shitcoins" y las pérdidas eran frecuentes. Solo publicaban sus ganancias en el grupo estándar cuando ganábamos, y rara vez mencionaban las pérdidas. Solo vi que publicaran una pérdida una vez, y fue de solo el 2%, para luego decir que habían "salvado el día". En resumen, acabé perdiendo dinero.
Mis resultados en Binance después de 30 días fueron los siguientes:
Ganancia total: $40.56 USDPérdida total: $79.10 USDResultado neto: -$38.54 USD
Como puedes ver, no gané dinero. Y eso que no participé en todas las operaciones, así que probablemente hubiera perdido aún más. Ahora imagina a las personas que invierten más dinero por operación, debe sentirse terrible. No quise arriesgar grandes cantidades, pero está claro lo mal que resultó. Mis pérdidas fueron casi el doble de mis ganancias.
Cuando renové la suscripción, éramos unas 40 personas en el grupo. Eso significa que ellos ganaban alrededor de $1,200 al mes solo con las suscripciones, y siempre habrá nuevos incautos para reemplazar a los que se van. Es mucho dinero.
Conclusión: No te unas a ningún grupo de señales, ya sea en cripto o en cualquier otro ámbito. Estos "traders" suelen ser inexpertos que se presentan como expertos para atraerte. A menudo te mostrarán sus supuestas ganancias para convencerte, pero la mayoría de las veces probablemente las hayan sacado de internet.
Cuídate.
Conclusión: Si alguien tuviera la habilidad de convertir cosas en oro, ¿por qué te lo venderían?
#Señales #Signals #Education #educational #cryptoscam
🚨How I Almost Fell Victim to a Sophisticated Ledger Recovery Scam – Be Warned! 👀⚠️
This is a real experience that unfolded tonight, and I’m sharing it to help others avoid falling into the same trap.
It started with a random phone call from a woman with a British accent asking if I’d recovered my Ledger. Confused, I said no. She then asked if I was in the Netherlands—again, no. She explained that an investigation had been opened, and I would soon receive further instructions.
Immediately after, I received an email from Ledger, seemingly legit, complete with a case number about Ledger recovery. The email appeared verified, and I was getting pulled in deeper. Not long after, I got another call, this time from a man named Adam, also with a British accent. He told me my device likely had corrupted firmware, and I was particularly vulnerable because I had just completed a firmware update on my Nano X.
Adam proceeded to explain that someone had recovered my private keys and was only missing my PIN to access my funds, which they could crack in 4 to 6 hours. At this point, red flags were going off, but the stress of the situation clouded my judgment, especially with the email that appeared directly from Ledger.
Adam directed me to a supposed diagnostic site to check for firmware corruption without unlocking my device. The result? A red error code. This heightened my anxiety, but things felt off when I ran the diagnostic again with my Nano X powered off—same error. Then I ran it on my Nano S, which isn’t even wireless, and got the same error. Something wasn’t adding up.
Then came the big ask: he wanted me to use the recovery feature and enter my seed phrase to generate new private keys. Alarm bells went off. Everyone knows to never enter seed words on a computer. He dangled the promise of $50,000 in insurance coverage if I followed "procedure" but hinted I could lose everything if I didn’t act fast.
Sensing the manipulation, I stalled and told him to call back in 30 minutes. Meanwhile, I hopped onto another computer, ran the diagnostics again on the wrong device, and still got the same error code—convinced now this was a scam. I initiated a chat with Ledger’s bot and, sure enough, received an email with a case number almost identical to the one the scammers had sent.
When Adam called back, I casually mentioned that I had opened another case with Ledger to confirm the diagnostic link. Click—he hung up immediately. That’s when I knew it was all a con.
These scammers were clever, using the Ledger chatbot to send emails that appeared legitimate and manipulating me through fear of losing access to my funds. Ledger never contacts you by phone—this is a big red flag to remember.
Fake Ledger Live Scam – $15K Drained from My Nano S
This isn’t the only scam targeting Ledger users. Earlier this year, I became the victim of a phishing attack, where hackers drained $15,000 worth of crypto from my Nano S after corrupting my PC. They deployed a fake version of Ledger Live that prompted me to share sensitive information.
Funds stolen:
0.17804 BTC (Bitcoin) – $7,835.66
10,699.6 ADA (Cardano) – $5,499.18
0.711888 ETH (Ethereum) – $1,592.85
4.0139 LTC (Litecoin) – $261.32
I know I made a critical error by entering my seed phrase, but the sophistication of these scams can fool even cautious users. If you’ve fallen victim, file a police report and share your information—maybe it can help bring these criminals down.
#cryptoscam #MemeCoinTrending #CanaryLitecoinETF
It started with a random phone call from a woman with a British accent asking if I’d recovered my Ledger. Confused, I said no. She then asked if I was in the Netherlands—again, no. She explained that an investigation had been opened, and I would soon receive further instructions.
Immediately after, I received an email from Ledger, seemingly legit, complete with a case number about Ledger recovery. The email appeared verified, and I was getting pulled in deeper. Not long after, I got another call, this time from a man named Adam, also with a British accent. He told me my device likely had corrupted firmware, and I was particularly vulnerable because I had just completed a firmware update on my Nano X.
Adam proceeded to explain that someone had recovered my private keys and was only missing my PIN to access my funds, which they could crack in 4 to 6 hours. At this point, red flags were going off, but the stress of the situation clouded my judgment, especially with the email that appeared directly from Ledger.
Adam directed me to a supposed diagnostic site to check for firmware corruption without unlocking my device. The result? A red error code. This heightened my anxiety, but things felt off when I ran the diagnostic again with my Nano X powered off—same error. Then I ran it on my Nano S, which isn’t even wireless, and got the same error. Something wasn’t adding up.
Then came the big ask: he wanted me to use the recovery feature and enter my seed phrase to generate new private keys. Alarm bells went off. Everyone knows to never enter seed words on a computer. He dangled the promise of $50,000 in insurance coverage if I followed "procedure" but hinted I could lose everything if I didn’t act fast.
Sensing the manipulation, I stalled and told him to call back in 30 minutes. Meanwhile, I hopped onto another computer, ran the diagnostics again on the wrong device, and still got the same error code—convinced now this was a scam. I initiated a chat with Ledger’s bot and, sure enough, received an email with a case number almost identical to the one the scammers had sent.
When Adam called back, I casually mentioned that I had opened another case with Ledger to confirm the diagnostic link. Click—he hung up immediately. That’s when I knew it was all a con.
These scammers were clever, using the Ledger chatbot to send emails that appeared legitimate and manipulating me through fear of losing access to my funds. Ledger never contacts you by phone—this is a big red flag to remember.
Fake Ledger Live Scam – $15K Drained from My Nano S
This isn’t the only scam targeting Ledger users. Earlier this year, I became the victim of a phishing attack, where hackers drained $15,000 worth of crypto from my Nano S after corrupting my PC. They deployed a fake version of Ledger Live that prompted me to share sensitive information.
Funds stolen:
0.17804 BTC (Bitcoin) – $7,835.66
10,699.6 ADA (Cardano) – $5,499.18
0.711888 ETH (Ethereum) – $1,592.85
4.0139 LTC (Litecoin) – $261.32
I know I made a critical error by entering my seed phrase, but the sophistication of these scams can fool even cautious users. If you’ve fallen victim, file a police report and share your information—maybe it can help bring these criminals down.
#cryptoscam #MemeCoinTrending #CanaryLitecoinETF
🚨 30-Year Prison Sentence For Crypto Mixer Founder
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingov’s defense disputes the extent of his involvement, arguing that he wasn’t responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidence—such as server logs, private keys, and ledgers—was never presented in court.
A Call for Fairness:
Sterlingov’s legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the government’s forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingov’s defense disputes the extent of his involvement, arguing that he wasn’t responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidence—such as server logs, private keys, and ledgers—was never presented in court.
A Call for Fairness:
Sterlingov’s legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the government’s forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Tech company CEO arrested in $366 million Crypto scam
#crypto #cryptoscam #writtoearn #BinanceSquareFamily
A South Korean CEO has reportedly been arrested for allegedly orchestrating a massive Ponzi scheme that defrauded investors of an estimated $366 million. According to a report in Crypto news, Byun Young-oh, the head of Wakon, a cryptocurrency platform, is accused of running the scheme alongside an accomplice named Yeom.
Wakon, with approximately 12,000 members, offered virtual currency staking products without the required financial registration with authourities. The company, which operated has across South Korea, targeted elderly citizens. The company promised senior citizens exorbitant returns of up to 45% to 50% on Ethereum deposits. Wakon has branches throughout South Korea.
The scheme unraveled in mid-2023 when investors were unable to withdraw their funds. Despite assurances from Byun, the company's collapse became evident by November when its Seoul office was shuttered.
Prosecutors have charged Byun and Yeom with fraud and are investigating the extent of the scheme. While Byun has denied any wrongdoing, claiming ignorance of Ponzi schemes, authorities are working to identify additional victims and potential accomplices.
In a similar incident, the US Securities and Exchange Commission charged an crypto trading company with defrauding 200,000 investors worldwide. Continuing its crypto fraud crackdown, the SEC has charged NovaTech, NovaTech, its executives, and affiliated promoters over a multi-level marketing fraud scheme that generated $650 million in digital assets.
A South Korean CEO has reportedly been arrested for allegedly orchestrating a massive Ponzi scheme that defrauded investors of an estimated $366 million. According to a report in Crypto news, Byun Young-oh, the head of Wakon, a cryptocurrency platform, is accused of running the scheme alongside an accomplice named Yeom.
Wakon, with approximately 12,000 members, offered virtual currency staking products without the required financial registration with authourities. The company, which operated has across South Korea, targeted elderly citizens. The company promised senior citizens exorbitant returns of up to 45% to 50% on Ethereum deposits. Wakon has branches throughout South Korea.
The scheme unraveled in mid-2023 when investors were unable to withdraw their funds. Despite assurances from Byun, the company's collapse became evident by November when its Seoul office was shuttered.
Prosecutors have charged Byun and Yeom with fraud and are investigating the extent of the scheme. While Byun has denied any wrongdoing, claiming ignorance of Ponzi schemes, authorities are working to identify additional victims and potential accomplices.
In a similar incident, the US Securities and Exchange Commission charged an crypto trading company with defrauding 200,000 investors worldwide. Continuing its crypto fraud crackdown, the SEC has charged NovaTech, NovaTech, its executives, and affiliated promoters over a multi-level marketing fraud scheme that generated $650 million in digital assets.
🚨 MAKERDAO DELEGATE LOSES $11M IN PHISHING SCAM 🚨
💥 Massive Loss: A MakerDAO governance delegate has fallen victim to a phishing scam, resulting in the theft of $11 million worth of Aave Ethereum Maker (aEthMKR) and Pendle USDe tokens. The incident occurred due to the delegate signing multiple phishing signatures.
🕵 Scam Detection: The scam was identified by Scam Sniffer in the early hours of June 23. The delegate, a key player in the MakerDAO ecosystem, was exploited after unknowingly authorizing malicious transactions, which led to the loss of their digital assets.
📉 Transfer Details: The sender address “0xfb94d3404c1d3d9d6f08f79e58041d5ea95accfa” moved 3,657 aEthMKR tokens to the recipient address “0x739772254924a57428272f429bd55f30eb36bb96,” with the transaction confirmed in just 11 seconds.
🔍 Critical Role: The victim was identified by Arkham as a MakerDAO governance delegate. Delegates play a vital role in MakerDAO's decision-making processes, voting on governance proposals, polls, and executive votes, which influence significant decisions within the Maker protocol.
🗳 Governance Process: In MakerDAO, tokenholders and delegates vote to decide on proposals that progress from initial polls to final executive votes. Once approved, proposals are implemented after a waiting period known as the Governance Security Module (GSM), ensuring security against sudden changes.
⚠ Rising Phishing Scams: Phishing scams are becoming increasingly common in the crypto space. These scams involve tricking victims into signing transactions that grant scammers access to their wallets, allowing them to drain funds.
📊 Alarming Statistics: According to a Scam Sniffer report from early 2024, phishing scams drained $300 million from 320,000 users in 2023 alone.
Stay safe with @Professor Mende - Bonuz Ecosystem Founder and follow for more updates!
#makerdao #PhishingScams #scamalert #cryptoscam #warning
$BTC $ETH $BNB
💥 Massive Loss: A MakerDAO governance delegate has fallen victim to a phishing scam, resulting in the theft of $11 million worth of Aave Ethereum Maker (aEthMKR) and Pendle USDe tokens. The incident occurred due to the delegate signing multiple phishing signatures.
🕵 Scam Detection: The scam was identified by Scam Sniffer in the early hours of June 23. The delegate, a key player in the MakerDAO ecosystem, was exploited after unknowingly authorizing malicious transactions, which led to the loss of their digital assets.
📉 Transfer Details: The sender address “0xfb94d3404c1d3d9d6f08f79e58041d5ea95accfa” moved 3,657 aEthMKR tokens to the recipient address “0x739772254924a57428272f429bd55f30eb36bb96,” with the transaction confirmed in just 11 seconds.
🔍 Critical Role: The victim was identified by Arkham as a MakerDAO governance delegate. Delegates play a vital role in MakerDAO's decision-making processes, voting on governance proposals, polls, and executive votes, which influence significant decisions within the Maker protocol.
🗳 Governance Process: In MakerDAO, tokenholders and delegates vote to decide on proposals that progress from initial polls to final executive votes. Once approved, proposals are implemented after a waiting period known as the Governance Security Module (GSM), ensuring security against sudden changes.
⚠ Rising Phishing Scams: Phishing scams are becoming increasingly common in the crypto space. These scams involve tricking victims into signing transactions that grant scammers access to their wallets, allowing them to drain funds.
📊 Alarming Statistics: According to a Scam Sniffer report from early 2024, phishing scams drained $300 million from 320,000 users in 2023 alone.
Stay safe with @Professor Mende - Bonuz Ecosystem Founder and follow for more updates!
#makerdao #PhishingScams #scamalert #cryptoscam #warning
$BTC $ETH $BNB
How To avoid Airdrop scames
Read This Carefully and Don't invest in Airdrops To avoid scammers Read This Points Carefully Hope you All understand
1. **Research the Project**: Before participating in any airdrop, thoroughly research the project behind it. Check their website, whitepaper, team members, and community engagement to verify its legitimacy.
2. **Verify Official Channels**: Only trust information from official channels such as the project's website, social media accounts, or reputable cryptocurrency news sources. Beware of phishing attempts through fake websites or social media profiles.
3. **Never Share Private Keys**: Legitimate airdrops do not require you to share your private keys or sensitive information. Avoid any airdrop that asks for such details, as they could be phishing attempts to steal your funds.
4. **Exercise Caution with Links**: Be cautious of clicking on links in airdrop announcements or emails. Verify the URLs carefully to ensure they lead to legitimate websites. Scammers often use fake websites to collect personal information or distribute malware.
5. **Use Trusted Platforms**: Stick to reputable cryptocurrency platforms and communities when participating in airdrops. Platforms with robust security measures and a history of hosting legitimate projects are less likely to be associated with scams.
By following these precautions, you can reduce the risk of falling victim to cryptocurrency airdrop scams and safeguard your assets.
$BTC $ETH $BNB #AvalonAirdrop #AvoidScamAirdrop #cryptoscam #CryptoTradingPrediction #binancetrading
Read This Carefully and Don't invest in Airdrops To avoid scammers Read This Points Carefully Hope you All understand
1. **Research the Project**: Before participating in any airdrop, thoroughly research the project behind it. Check their website, whitepaper, team members, and community engagement to verify its legitimacy.
2. **Verify Official Channels**: Only trust information from official channels such as the project's website, social media accounts, or reputable cryptocurrency news sources. Beware of phishing attempts through fake websites or social media profiles.
3. **Never Share Private Keys**: Legitimate airdrops do not require you to share your private keys or sensitive information. Avoid any airdrop that asks for such details, as they could be phishing attempts to steal your funds.
4. **Exercise Caution with Links**: Be cautious of clicking on links in airdrop announcements or emails. Verify the URLs carefully to ensure they lead to legitimate websites. Scammers often use fake websites to collect personal information or distribute malware.
5. **Use Trusted Platforms**: Stick to reputable cryptocurrency platforms and communities when participating in airdrops. Platforms with robust security measures and a history of hosting legitimate projects are less likely to be associated with scams.
By following these precautions, you can reduce the risk of falling victim to cryptocurrency airdrop scams and safeguard your assets.
$BTC $ETH $BNB #AvalonAirdrop #AvoidScamAirdrop #cryptoscam #CryptoTradingPrediction #binancetrading