ScamAlert
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🔥SCAM ALERT🔥 PLANT CROSSING
The development team of Plant Crossing has fleeced $1M worth of BNB value and has fled.
Notably, this project has previously collaborated with #BNBChain , #OKX , #Cyberconnect , and #Polyhedra .
Starting from July 2023, Plant Crossing launched the sale of NFTs called 'Botan', promising that users would receive an airdrop during the project's TGE. Over 1,000 users have downloaded their app on iOS/Android and are walking daily to accumulate steps that can be exchanged for AVA. The project has promised that this AVA will be convertible into tokens when the Mainnet launches in 2024 .
Over the past year, after several delays in the roadmap and repeated promises of a TGE, they continued to hold Blind Box sales and token pre-sales. However, as of now, all the project team members have disappeared. The project's Discord and Twitter are no longer being managed, and only angry users remain ( Including me, I got scammed by these guys for $200, lol ). There are rumors that the project's development team is from India.
One interesting (or painful) thing is that most users bought those NFTs when BNB was only $260, which means the amount of money scammed has now doubled in value based on the current price of BNB.
So, who will be held ultimately responsible for this? And why did BNB and OKX partner with a scam project??????
#ScamAlert
The development team of Plant Crossing has fleeced $1M worth of BNB value and has fled.
Notably, this project has previously collaborated with #BNBChain , #OKX , #Cyberconnect , and #Polyhedra .
Starting from July 2023, Plant Crossing launched the sale of NFTs called 'Botan', promising that users would receive an airdrop during the project's TGE. Over 1,000 users have downloaded their app on iOS/Android and are walking daily to accumulate steps that can be exchanged for AVA. The project has promised that this AVA will be convertible into tokens when the Mainnet launches in 2024 .
Over the past year, after several delays in the roadmap and repeated promises of a TGE, they continued to hold Blind Box sales and token pre-sales. However, as of now, all the project team members have disappeared. The project's Discord and Twitter are no longer being managed, and only angry users remain ( Including me, I got scammed by these guys for $200, lol ). There are rumors that the project's development team is from India.
One interesting (or painful) thing is that most users bought those NFTs when BNB was only $260, which means the amount of money scammed has now doubled in value based on the current price of BNB.
So, who will be held ultimately responsible for this? And why did BNB and OKX partner with a scam project??????
#ScamAlert
🚨 SCAM ALERT: PLANT CROSSING RUG PULLS $1M+ IN BNB 🚨
The Plant Crossing development team has vanished with over $1M worth of BNB, leaving thousands of users in shock and anger. This project, previously linked to major names like #BNBChain, #OKX, #Cyberconnect, and #Polyhedra, has become the latest rug pull in the crypto space.
What Happened?
1️⃣ NFT Sales: Starting in July 2023, Plant Crossing launched NFTs called Botan, promising users rewards during their Token Generation Event (TGE). Over 1,000 users joined the app, accumulating steps to earn AVA tokens.
2️⃣ Broken Promises: Despite repeated delays in their roadmap and false promises about TGE and mainnet launches in 2024, they continued selling Blind Boxes and running token pre-sales, luring more users in.
3️⃣ Exit Scam: Recently, the team disappeared, taking down their Discord, Twitter, and all official communication channels, leaving only frustrated users behind.
The Aftermath
Victims report losses ranging from $200 to thousands of dollars.
With BNB's price doubling since many users purchased the NFTs, the total scammed value has skyrocketed.
Rumors suggest the development team could be based in India, though no formal confirmation exists.
Who’s Responsible?
🤔 BNB Chain & OKX’s Involvement:
Why did $BNB
Chain and OKX collaborate with a project that has now scammed its users? Many are questioning the due diligence of these platforms and their responsibility in promoting Plant Crossing.
💬 User Reactions:
"I got scammed for $200, and it hurts!"
"$BNB Chain and OKX need to answer for their role in endorsing this project."
"Plant Crossing just vanished, leaving thousands stranded. Total fraud!"
⚠️ Crypto Safety Reminder:
1️⃣ Research Projects Thoroughly: Always investigate a project’s team, roadmap, and past actions.
2️⃣ Beware of Unrealistic Promises: If it sounds too good to be true, it probably is.
3️⃣ Stay Updated: Join reliable crypto communities and follow verified sources.
📢 What Do You Think?
Should platforms like $BNB Chain and OKX bear some responsibility for promoting scam projects? Share your thoughts below!
What Happened?
1️⃣ NFT Sales: Starting in July 2023, Plant Crossing launched NFTs called Botan, promising users rewards during their Token Generation Event (TGE). Over 1,000 users joined the app, accumulating steps to earn AVA tokens.
2️⃣ Broken Promises: Despite repeated delays in their roadmap and false promises about TGE and mainnet launches in 2024, they continued selling Blind Boxes and running token pre-sales, luring more users in.
3️⃣ Exit Scam: Recently, the team disappeared, taking down their Discord, Twitter, and all official communication channels, leaving only frustrated users behind.
The Aftermath
Victims report losses ranging from $200 to thousands of dollars.
With BNB's price doubling since many users purchased the NFTs, the total scammed value has skyrocketed.
Rumors suggest the development team could be based in India, though no formal confirmation exists.
Who’s Responsible?
🤔 BNB Chain & OKX’s Involvement:
Why did $BNB
Chain and OKX collaborate with a project that has now scammed its users? Many are questioning the due diligence of these platforms and their responsibility in promoting Plant Crossing.
💬 User Reactions:
"I got scammed for $200, and it hurts!"
"$BNB Chain and OKX need to answer for their role in endorsing this project."
"Plant Crossing just vanished, leaving thousands stranded. Total fraud!"
⚠️ Crypto Safety Reminder:
1️⃣ Research Projects Thoroughly: Always investigate a project’s team, roadmap, and past actions.
2️⃣ Beware of Unrealistic Promises: If it sounds too good to be true, it probably is.
3️⃣ Stay Updated: Join reliable crypto communities and follow verified sources.
📢 What Do You Think?
Should platforms like $BNB Chain and OKX bear some responsibility for promoting scam projects? Share your thoughts below!
🚨⚠️ 𝗣𝟮𝗣 𝗦𝗖𝗔𝗠 𝗪𝗔𝗥𝗡𝗜𝗡𝗚 𝗢𝗡 𝗕𝗜𝗡𝗔𝗡𝗖𝗘 ⚠️🚨
⛔ 𝗣𝗿𝗼𝘁𝗲𝗰𝘁 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝗳𝗿𝗼𝗺 𝗖𝗼𝗺𝗺𝗼𝗻 𝗣𝟮𝗣 𝗦𝗰𝗮𝗺𝘀 ⛔
Scammers are becoming more sophisticated in targeting P2P transactions. Here’s a breakdown of their methods:
1. Deceptive Setup: A victim places an order and makes the fiat payment to the scammer.
2. Scam Tactics: The scammer contacts the victim through phone or Telegram, persuading them to cancel the order for a 'refund.' Unaware users may agree, allowing the scammer to swiftly transfer or sell the cryptocurrency.
3. Impersonation Strategy: For more alert victims, scammers pose as Binance customer support and convince them to scan a Web Login QR code. This grants the scammer account access, enabling them to cancel the order and steal the crypto.
How to Stay Safe:
Never cancel an order after completing payment.
Always confirm any customer service communication through Binance’s official channels.
Stay alert and secure your investments.
#CryptoSecurity #P2PSafety #Binance #ScamAlert #ProtectYourCrypto
⛔ 𝗣𝗿𝗼𝘁𝗲𝗰𝘁 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝗳𝗿𝗼𝗺 𝗖𝗼𝗺𝗺𝗼𝗻 𝗣𝟮𝗣 𝗦𝗰𝗮𝗺𝘀 ⛔
Scammers are becoming more sophisticated in targeting P2P transactions. Here’s a breakdown of their methods:
1. Deceptive Setup: A victim places an order and makes the fiat payment to the scammer.
2. Scam Tactics: The scammer contacts the victim through phone or Telegram, persuading them to cancel the order for a 'refund.' Unaware users may agree, allowing the scammer to swiftly transfer or sell the cryptocurrency.
3. Impersonation Strategy: For more alert victims, scammers pose as Binance customer support and convince them to scan a Web Login QR code. This grants the scammer account access, enabling them to cancel the order and steal the crypto.
How to Stay Safe:
Never cancel an order after completing payment.
Always confirm any customer service communication through Binance’s official channels.
Stay alert and secure your investments.
#CryptoSecurity #P2PSafety #Binance #ScamAlert #ProtectYourCrypto
P2P Safety: How to Recognize and Avoid QR Code-Assisted Account Takeover Scams
Main Takeaways
In an increasingly widespread variation of account takeover scams, criminals trick peer-to-peer (P2P) crypto sellers into scanning a Binance login QR code by presenting it as an order QR code. This way, they gain complete access to the victims' accounts.
Avoid scanning Binance login QR codes provided by others, never authorize logins from such QR codes, and keep all P2P transaction-related communications within the Binance platform.
If you suspect that your account has been compromised, immediately disable your account and secure your devices to prevent further unauthorized access. Then, contact Binance support and file a report, providing all the related communication and transaction records you've documented.
Here at Binance, user safety is the top priority for us, and one of the best ways to ensure it is promoting security education. Staying informed about evolving scam tactics is crucial, as users are the first line of defense against illicit activity. By recognizing the latest schemes, you can protect both your funds and the broader crypto community.Recently, a particularly deceptive variety of account takeover scams has emerged, targeting peer-to-peer (P2P) crypto traders. Criminals trick unsuspecting users into granting them full access to their Binance accounts by presenting login QR codes as P2P transaction order codes. In this article, we’ll explain how this scam works, as well as how to detect and avoid it.
Understanding The QR Code Account Takeover Scam
The scam takes advantage of Binance’s QR login feature, which lets users scan a code with their already-logged-in phone to easily access their account on another device. Here’s how a typical scam flow works.
1. Initiation: Scammers commonly use two methods. In the first, the scammer (posing as a crypto buyer) responds to an ad on a P2P marketplace, expressing interest in purchasing cryptocurrency from the victim. Alternatively, the scammer may offer to sell crypto to the victim (buyer) at an enticing price.
2. Usage of third-party platforms: The scammer convinces the victim to communicate on a third-party platform like Telegram or WhatsApp.
3. Sending a QR Code: Instead of sending an order QR code, the scammer sends a Binance login QR code, making the counterparty believe that scanning it is necessary to proceed with the transaction.
4. Full Account Access: When the victim scans the login QR code and authorizes the login, the scammer is logged into the victim’s account, immediately gaining control of the victim’s funds. This allows the scammer to transfer all assets out of the victim’s account into their own.
Real-Life Example
Masquerading as a buyer, the scammer responds to a P2P marketplace ad, pretending to want to purchase cryptocurrency. They then claim they will send a QR code which upon scanning will complete the transaction.
The scammer then asks the seller to continue the conversation on a messaging app outside of Binance. Next, the scammer sends a Binance login QR code instead of the order QR code. Once the victim scans and authorizes it, the scammer gains full access to their Binance account.
Key Takeaway: Never conduct deals through messaging apps outside of Binance.
How to Avoid Becoming a Victim
1. Do Not Scan QR Codes from Counterparties: If a QR code has a Binance logo in the middle (such as the one shown below), it’s most likely a login code. Avoid scanning such codes provided to you by any third party, especially outside of Binance. When scanned by you, it could give anyone access to your account.
2. Do Not Authorize Login After Scanning a QR Code: If you’ve mistakenly scanned a QR code sent to you from an external source, do not proceed with login authorization. This is the key step scammers rely on to gain control of your account.
3. Keep Conversations on Binance: Always conduct P2P transaction communications within the Binance platform. To reduce the risk of being scammed, avoid sharing your contact information with trading counterparties.
If You Suspect Your Account Has Been Compromised
If you suspect your account is in danger and still have access to it, stay calm and take the following steps:
1. Disable Your Account: Immediately disable your account by following these steps to prevent further unauthorized access.
2. Secure Your Devices: Ensure that your devices are secure, as your account can be re-compromised if malware is involved. Only reactivate your account if you’re sure that it’s secure.
If You’ve Been Scammed
1. Contact Support: Immediately reach out to Binance customer support to report the issue and seek assistance in recovering your account.
2. Document Everything: Keep a detailed record of all communications and transactions related to the scam. These records are vital for your case.
3. Report the Incident: File a report by following the steps in this guide: How to Report Scams on Binance Support. Timely reporting increases the chances of recovery.
Final Thoughts
While Binance continuously enhances its security systems, a vigilant community remains the best defense against these evolving threats. By staying up to date with constantly emerging and evolving tactics like QR code-assisted account takeovers, conducting all P2P communications within the Binance app, and avoiding external messaging platforms, you can significantly reduce your risk of falling victim to scams. Together, with Binance’s security infrastructure and your proactive steps, we can foster a safer and more resilient crypto community.
#Binance #ScamAlert
In an increasingly widespread variation of account takeover scams, criminals trick peer-to-peer (P2P) crypto sellers into scanning a Binance login QR code by presenting it as an order QR code. This way, they gain complete access to the victims' accounts.
Avoid scanning Binance login QR codes provided by others, never authorize logins from such QR codes, and keep all P2P transaction-related communications within the Binance platform.
If you suspect that your account has been compromised, immediately disable your account and secure your devices to prevent further unauthorized access. Then, contact Binance support and file a report, providing all the related communication and transaction records you've documented.
Here at Binance, user safety is the top priority for us, and one of the best ways to ensure it is promoting security education. Staying informed about evolving scam tactics is crucial, as users are the first line of defense against illicit activity. By recognizing the latest schemes, you can protect both your funds and the broader crypto community.Recently, a particularly deceptive variety of account takeover scams has emerged, targeting peer-to-peer (P2P) crypto traders. Criminals trick unsuspecting users into granting them full access to their Binance accounts by presenting login QR codes as P2P transaction order codes. In this article, we’ll explain how this scam works, as well as how to detect and avoid it.
Understanding The QR Code Account Takeover Scam
The scam takes advantage of Binance’s QR login feature, which lets users scan a code with their already-logged-in phone to easily access their account on another device. Here’s how a typical scam flow works.
1. Initiation: Scammers commonly use two methods. In the first, the scammer (posing as a crypto buyer) responds to an ad on a P2P marketplace, expressing interest in purchasing cryptocurrency from the victim. Alternatively, the scammer may offer to sell crypto to the victim (buyer) at an enticing price.
2. Usage of third-party platforms: The scammer convinces the victim to communicate on a third-party platform like Telegram or WhatsApp.
3. Sending a QR Code: Instead of sending an order QR code, the scammer sends a Binance login QR code, making the counterparty believe that scanning it is necessary to proceed with the transaction.
4. Full Account Access: When the victim scans the login QR code and authorizes the login, the scammer is logged into the victim’s account, immediately gaining control of the victim’s funds. This allows the scammer to transfer all assets out of the victim’s account into their own.
Real-Life Example
Masquerading as a buyer, the scammer responds to a P2P marketplace ad, pretending to want to purchase cryptocurrency. They then claim they will send a QR code which upon scanning will complete the transaction.
The scammer then asks the seller to continue the conversation on a messaging app outside of Binance. Next, the scammer sends a Binance login QR code instead of the order QR code. Once the victim scans and authorizes it, the scammer gains full access to their Binance account.
Key Takeaway: Never conduct deals through messaging apps outside of Binance.
How to Avoid Becoming a Victim
1. Do Not Scan QR Codes from Counterparties: If a QR code has a Binance logo in the middle (such as the one shown below), it’s most likely a login code. Avoid scanning such codes provided to you by any third party, especially outside of Binance. When scanned by you, it could give anyone access to your account.
2. Do Not Authorize Login After Scanning a QR Code: If you’ve mistakenly scanned a QR code sent to you from an external source, do not proceed with login authorization. This is the key step scammers rely on to gain control of your account.
3. Keep Conversations on Binance: Always conduct P2P transaction communications within the Binance platform. To reduce the risk of being scammed, avoid sharing your contact information with trading counterparties.
If You Suspect Your Account Has Been Compromised
If you suspect your account is in danger and still have access to it, stay calm and take the following steps:
1. Disable Your Account: Immediately disable your account by following these steps to prevent further unauthorized access.
2. Secure Your Devices: Ensure that your devices are secure, as your account can be re-compromised if malware is involved. Only reactivate your account if you’re sure that it’s secure.
If You’ve Been Scammed
1. Contact Support: Immediately reach out to Binance customer support to report the issue and seek assistance in recovering your account.
2. Document Everything: Keep a detailed record of all communications and transactions related to the scam. These records are vital for your case.
3. Report the Incident: File a report by following the steps in this guide: How to Report Scams on Binance Support. Timely reporting increases the chances of recovery.
Final Thoughts
While Binance continuously enhances its security systems, a vigilant community remains the best defense against these evolving threats. By staying up to date with constantly emerging and evolving tactics like QR code-assisted account takeovers, conducting all P2P communications within the Binance app, and avoiding external messaging platforms, you can significantly reduce your risk of falling victim to scams. Together, with Binance’s security infrastructure and your proactive steps, we can foster a safer and more resilient crypto community.
#Binance #ScamAlert
⚠️ Beware of a New Scam Alert ⚠️
"I NEED HELP WITHDRAWING MY FUNDS 😭😭😭" - This message is a warning sign!
Someone claims to have $20,000 in USDT but can't withdraw it. They ask for help, but it's a SCAM, a clever one at that.
Here's how it works: The scammer posts private keys online and asks for help withdrawing funds from an OK wallet. If you use those keys, you'll see the money—$20,000 in USDT.
But here's the twist: To withdraw, you need ETH for gas fees. When you deposit ETH into the wallet, a script instantly takes it. This scam has baited over 25,000 people!
Remember: Never share your private keys, and don't fall for freebies. Stay safe, everyone, and good luck! #ScamAlert #StaySafe
"I NEED HELP WITHDRAWING MY FUNDS 😭😭😭" - This message is a warning sign!
Someone claims to have $20,000 in USDT but can't withdraw it. They ask for help, but it's a SCAM, a clever one at that.
Here's how it works: The scammer posts private keys online and asks for help withdrawing funds from an OK wallet. If you use those keys, you'll see the money—$20,000 in USDT.
But here's the twist: To withdraw, you need ETH for gas fees. When you deposit ETH into the wallet, a script instantly takes it. This scam has baited over 25,000 people!
Remember: Never share your private keys, and don't fall for freebies. Stay safe, everyone, and good luck! #ScamAlert #StaySafe
CLAIM REWARD HERE 🎁🎁💰
Complementary Reward Upto 10 USDT🎁💰
Complementary Reward Upto 10 USDT🎁💰
🚨 Attention Crypto Community! Beware of Scams!
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments #BinanceLaunchpool #Ena
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments #BinanceLaunchpool #Ena
⚠️ Beware of a New Scam Alert ⚠️
"I NEED HELP WITHDRAWING MY FUNDS 😭😭😭" - This message is a warning sign!
Someone claims to have $20,000 in USDT but can't withdraw it. They ask for help, but it's a SCAM, a clever one at that.
Here's how it works: The scammer posts private keys online and asks for help withdrawing funds from an OK wallet. If you use those keys, you'll see the money—$20,000 in USDT.
But here's the twist: To withdraw, you need ETH for gas fees. When you deposit ETH into the wallet, a script instantly takes it. This scam has baited over 25,000 people!
Remember: Never share your private keys, and don't fall for freebies. Stay safe, everyone, and good luck! #ScamAlert #StaySafe
"I NEED HELP WITHDRAWING MY FUNDS 😭😭😭" - This message is a warning sign!
Someone claims to have $20,000 in USDT but can't withdraw it. They ask for help, but it's a SCAM, a clever one at that.
Here's how it works: The scammer posts private keys online and asks for help withdrawing funds from an OK wallet. If you use those keys, you'll see the money—$20,000 in USDT.
But here's the twist: To withdraw, you need ETH for gas fees. When you deposit ETH into the wallet, a script instantly takes it. This scam has baited over 25,000 people!
Remember: Never share your private keys, and don't fall for freebies. Stay safe, everyone, and good luck! #ScamAlert #StaySafe
Claim Reward here🎁🎁💰
Complementary reward upto 10USDT
Complementary reward upto 10USDT
🚨 Attention Crypto Community! Beware of Scams! 🚨
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments
🚨 Attention Crypto Community! Beware of Scams!
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments #BinanceLaunchpool #Ena
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments #BinanceLaunchpool #Ena
#Trading #News #ScamAlert South Korean authorities have arrested 19 members of a fraudulent social media chat group that scammed 308 investors out of nearly $19 million.
Those arrested had operated an open chat room and scammed hundreds of investors out of $18.8 million by promising quick profits if victims invested in unlisted coins. The chat room pretended to offer legitimate cryptocurrency trading tips and even delivered some profits before encouraging members to invest in unlisted coins, according to Seungwon Lee.
Unlisted Coins
The fraudulent unlisted coins never delivered any profits, and those arrested severed ties with investors when the investors started demanding their money back or profits. When victims attempted to withdraw their funds, the gang would demand withdrawal fees. If the victim refused, the gang would cut off contact.
The Daegu Police Agency’s criminal task force made the arrests on May 21. However, they believe that at least six other suspects are still at large and are currently overseas. Interpol has been requested to issue red notices for these individuals.
Pig-butchering tactics
The gang leader used pig-butchering tactics to recruit new members. Per the police report, the leader of the chat room would promise individuals employment in Myanmar, encourage them to illegally enter the country, and force them to join the criminal organization.
The leaders confiscated passports and cell phones and confined individuals to coerce them into committing fraud.
Pig butcher scams typically start when bad actors gain the trust of an unsuspecting victim and then ask them to make large investments in lucrative schemes. After the victim transfers the funds, the fraudsters disappear with the money.
Nithin Kamath, the founder of Zerodha, posted on X, “As the name implies, a pig butchering scam involves fattening the victim before butchering. Scammers gain the trust of users by using fake profiles. They use the pretense of friendship to gain the trust of users and then induce them to send money for high-return investments.
Those arrested had operated an open chat room and scammed hundreds of investors out of $18.8 million by promising quick profits if victims invested in unlisted coins. The chat room pretended to offer legitimate cryptocurrency trading tips and even delivered some profits before encouraging members to invest in unlisted coins, according to Seungwon Lee.
Unlisted Coins
The fraudulent unlisted coins never delivered any profits, and those arrested severed ties with investors when the investors started demanding their money back or profits. When victims attempted to withdraw their funds, the gang would demand withdrawal fees. If the victim refused, the gang would cut off contact.
The Daegu Police Agency’s criminal task force made the arrests on May 21. However, they believe that at least six other suspects are still at large and are currently overseas. Interpol has been requested to issue red notices for these individuals.
Pig-butchering tactics
The gang leader used pig-butchering tactics to recruit new members. Per the police report, the leader of the chat room would promise individuals employment in Myanmar, encourage them to illegally enter the country, and force them to join the criminal organization.
The leaders confiscated passports and cell phones and confined individuals to coerce them into committing fraud.
Pig butcher scams typically start when bad actors gain the trust of an unsuspecting victim and then ask them to make large investments in lucrative schemes. After the victim transfers the funds, the fraudsters disappear with the money.
Nithin Kamath, the founder of Zerodha, posted on X, “As the name implies, a pig butchering scam involves fattening the victim before butchering. Scammers gain the trust of users by using fake profiles. They use the pretense of friendship to gain the trust of users and then induce them to send money for high-return investments.
🚨 Breaking News Alert! 🚨 Solana-based scam token skyrockets to an astonishing $20 trillion market cap after developers freeze token holder accounts to block sales! 😱 Some holders find themselves sitting on billions in unrealized capital gains. 💰 But beware: this freezable token comes with red flags waving high! ❌🚫 Do your own research (DYOR) and proceed with caution. This cautionary tale serves as a stark reminder to stay vigilant in the wild world of crypto! 🔍🛑 #ScamAlert #CryptoCautions 🚀
🚨 Attention Crypto Community! Beware of Scams!
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments #BinanceLaunchpool #Ena
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments #BinanceLaunchpool #Ena
Beware, my dear friends, for the treacherous platforms lurking in the shadows these days! From my own bitter experience, I lost $44 after falling victim to their deceitful schemes. 🤕
They lure you in with promises of earning a measly $0.25 or $0.50 every day, only to trap you in a vicious cycle where you can't withdraw even a penny! 💸 Then, when you finally succumb to their tempting offers and make a deposit, you might manage to withdraw once, but soon enough, everything grinds to a halt. Your hard-earned money vanishes into thin air, leaving you empty-handed and disheartened. 💔
The evidence is crystal clear, as the pictures before you testify to the cruel reality of their scam. When I confronted their support team, hoping for answers and justice, they callously brushed me aside, demanding yet another deposit! 😡 With each deposit, they sink their claws deeper into your pockets, leaving you with nothing but regret and resentment. ☠️
Let my unfortunate tale serve as a warning to all who tread the perilous path of online investments. Stay vigilant, my friends, and never let greed blind you to the dangers that lurk in the shadows. Protect your hard-earned money, for once it's lost to these deceitful platforms, it's gone forever. 💼💔 #ScamAlert #StaySafe 🚫🔒
#HotTrends
They lure you in with promises of earning a measly $0.25 or $0.50 every day, only to trap you in a vicious cycle where you can't withdraw even a penny! 💸 Then, when you finally succumb to their tempting offers and make a deposit, you might manage to withdraw once, but soon enough, everything grinds to a halt. Your hard-earned money vanishes into thin air, leaving you empty-handed and disheartened. 💔
The evidence is crystal clear, as the pictures before you testify to the cruel reality of their scam. When I confronted their support team, hoping for answers and justice, they callously brushed me aside, demanding yet another deposit! 😡 With each deposit, they sink their claws deeper into your pockets, leaving you with nothing but regret and resentment. ☠️
Let my unfortunate tale serve as a warning to all who tread the perilous path of online investments. Stay vigilant, my friends, and never let greed blind you to the dangers that lurk in the shadows. Protect your hard-earned money, for once it's lost to these deceitful platforms, it's gone forever. 💼💔 #ScamAlert #StaySafe 🚫🔒
#HotTrends
🚨 Attention Crypto Community! Beware of Scams! 🚨
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments
🔥 Binance has unveiled the latest Launchpool project, ETHENA ($ENA ), promising exciting opportunities. But amidst the excitement, a crucial warning:
⚠️ Beware of fake tokens! There are NO legitimate sales of ETHENA tokens on Binance Web3 or any other site. Purchasing these tokens will only lead to scams and loss of funds.
🚫 Don't fall victim to fraudsters who've duped countless individuals before. Protect yourself and your investments. Do NOT purchase ETHENA tokens from any source claiming to offer them.
Spread the word and stay vigilant! Let's keep our community safe from scams
Request for giving $10 Tip ♥️🫂 .
#CryptoSafety #ScamAlert #ProtectYourInvestments
⚠️ New Scam Alert: Beware of Fake Assistance Requests ⚠️
Be cautious if you encounter messages like "I NEED HELP WITHDRAWING MY FUNDS 😭😭😭" as they could be a red flag for a scam.🏮🏮
In this scheme, scammers pretend to require aid withdrawing $20,000 in USDT from an OK wallet🤯.
They share private keys online, enticing unsuspecting individuals to assist.📣
Here's how the scam operates: 🔇🔇
If you use the provided keys, you'll see the $20,000 in USDT. However, to complete the withdrawal, you'll need to deposit ETH for gas fees. Once you deposit ETH, a script promptly siphons it away. This deceptive tactic has already ensnared over 25,000 individuals.🪐💠
Remember: Never disclose your private keys and be wary of offers that seem too good to be true. Prioritize your safety and exercise caution.This post is specifically for mh new followers and newcomers who are struggling with crypto👍🏼👍🏼👍🏼
Good luck, and stay vigilant!
#ScamAlert #StaySafe #HotTrends #BNBChain #crypto
Be cautious if you encounter messages like "I NEED HELP WITHDRAWING MY FUNDS 😭😭😭" as they could be a red flag for a scam.🏮🏮
In this scheme, scammers pretend to require aid withdrawing $20,000 in USDT from an OK wallet🤯.
They share private keys online, enticing unsuspecting individuals to assist.📣
Here's how the scam operates: 🔇🔇
If you use the provided keys, you'll see the $20,000 in USDT. However, to complete the withdrawal, you'll need to deposit ETH for gas fees. Once you deposit ETH, a script promptly siphons it away. This deceptive tactic has already ensnared over 25,000 individuals.🪐💠
Remember: Never disclose your private keys and be wary of offers that seem too good to be true. Prioritize your safety and exercise caution.This post is specifically for mh new followers and newcomers who are struggling with crypto👍🏼👍🏼👍🏼
Good luck, and stay vigilant!
#ScamAlert #StaySafe #HotTrends #BNBChain #crypto
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#TrendingTopic
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#TrendingTopic
🚨🚨🚨 Heads up, Binance Square fam! 🚨🚨🚨 User @Kri has bravely shared their harrowing tale of falling prey to a scam on Binance. 😱 They transferred Eth to Trust Wallet, only to be blindsided by unauthorized transfers—twice! 😡 What's even more concerning? Their account wasn't linked to any dapps! 🤯 Let's tighten our cyber seatbelts and stay extra cautious when navigating the Trust Wallet app. 👀 Scammers are lurking, but together, we can outsmart them! 💪 Stay sharp, stay safe! 🔒 #ScamAlert #StaySafe #BinanceSquare
🚨 ¡Atención comunidad Cripto! ¡Cuidado con las estafas! 🚨
🔥 Binance ha revelado el último proyecto de Launchpool, ETHENA ($ENA ), que promete oportunidades interesantes. Pero en medio de este entusiasmo, una advertencia crucial:
⚠️ ¡Cuidado con las fichas falsas! NO hay ventas legítimas de tokens ETHENA en Binance Web3 ni en ningún otro sitio. Comprar estos tokens sólo dará lugar a estafas y pérdida de fondos.
🚫 No seas víctima de estafadores que ya han engañado a innumerables personas. Protégete a ti mismo y a tus inversiones. NO compre tokens ETHENA de una fuente que afirme ofrecerlos.
¡Difunde el mensaje y mantente alerta! Protejamos a nuestra comunidad de las estafas
Solicitud de donación de propina de 10 $ ♥️🫂. #CryptoSafety #ScamAlert
🔥 Binance ha revelado el último proyecto de Launchpool, ETHENA ($ENA ), que promete oportunidades interesantes. Pero en medio de este entusiasmo, una advertencia crucial:
⚠️ ¡Cuidado con las fichas falsas! NO hay ventas legítimas de tokens ETHENA en Binance Web3 ni en ningún otro sitio. Comprar estos tokens sólo dará lugar a estafas y pérdida de fondos.
🚫 No seas víctima de estafadores que ya han engañado a innumerables personas. Protégete a ti mismo y a tus inversiones. NO compre tokens ETHENA de una fuente que afirme ofrecerlos.
¡Difunde el mensaje y mantente alerta! Protejamos a nuestra comunidad de las estafas
Solicitud de donación de propina de 10 $ ♥️🫂. #CryptoSafety #ScamAlert
#BTC ⚠️ Exclusive Scam Alert! 🚨 Uncover the NFP Token Trap - Don't Fall for It! 💔
💸 Claim Your So-Called '$1000 Worth' of NFP Airdrops - A Risky Business Move! 🚫
👀 Sketchy Invite Link: [Claim Your Bonus Scam Now](https://nfprompt.io/earn?invitecode=wjJmMn34) - Don't Get Fooled!
🕵️♂️ Deceptive Account Creation: Sign up with Your Email, Facebook, or Wallet - Risking More Than You Bargained For!
🚧 Warning! Navigate to the 'Earn' Page and Complete Suspicious Tasks - Your Personal Info Could Be at Stake!
📉 Binance Listing Hype: Beware of the NFP Scam! Don't Support Their Dubious Mission. #ScamAlert #NFPTrap #CryptoScamExposed 🚫💀
Page Promotion: Stay away from scams! For genuine investment advice, follow Mr. Ghost and avoid falling into crypto pitfalls! 🕵️♂️💰 #GhostSavesYouFromScams
@Mbeyaconscious
💸 Claim Your So-Called '$1000 Worth' of NFP Airdrops - A Risky Business Move! 🚫
👀 Sketchy Invite Link: [Claim Your Bonus Scam Now](https://nfprompt.io/earn?invitecode=wjJmMn34) - Don't Get Fooled!
🕵️♂️ Deceptive Account Creation: Sign up with Your Email, Facebook, or Wallet - Risking More Than You Bargained For!
🚧 Warning! Navigate to the 'Earn' Page and Complete Suspicious Tasks - Your Personal Info Could Be at Stake!
📉 Binance Listing Hype: Beware of the NFP Scam! Don't Support Their Dubious Mission. #ScamAlert #NFPTrap #CryptoScamExposed 🚫💀
Page Promotion: Stay away from scams! For genuine investment advice, follow Mr. Ghost and avoid falling into crypto pitfalls! 🕵️♂️💰 #GhostSavesYouFromScams
@Mbeyaconscious
🚨 Urgent Crypto Alert! Protect Yourself from Scams! 🛑💻
Hey Crypto Warriors! 🌐🔒 It's time to armor up against potential threats. Beware of a scam alert circulating on Facebook, and let's break down the details to ensure your financial safety. 🚫💰
👀 Avoid Unfamiliar QR Codes: No Rewards, Just Risks! 🚷❌
Listen up, folks! 📣✋ Refrain from scanning any unfamiliar QR codes. Why? Because there are no rewards waiting for you on the other side, only potential financial losses. Stay vigilant and keep your guard up! 🛡️💔
🧐 The Scam Unveiled: False USDT Giveaway on Binance 🕵️♂️🔍
Here's the scoop: a scammer is prowling on Facebook, luring users with the false promise of a USDT giveaway from Binance. Don't be fooled! Scanning that QR code won't unlock any giveaway; instead, it will play into the scammer's hands by transferring your funds. 😱💸
🚫 Vigilance is Key: Exercise Caution to Thwart Fraud! 🚷🚨
Stay on high alert, crypto fam! 🚀👀 Exercise caution, double-check, and triple-check before engaging in any QR code shenanigans. Don't let the allure of a supposed giveaway blind you to the potential risks. Your crypto fortress needs to be impenetrable! 🏰🛡️
🙏 Protect Yourself: Say No to Fraudulent Schemes 🙅♂️💡
We're all in this crypto journey together. 🤝🌐 Let's stand united against scams and fraudulent schemes. Spread the word, educate your crypto peers, and let's create a safer digital landscape for everyone. 🌍💙
👍 Like, Share, and Follow @MemeLauncher for More Crypto Safety Tips! 👍
If this warning resonates with you, give it a thumbs up, share it far and wide with your crypto comrades, and hit that follow button for regular updates on how to navigate the crypto realm safely.
Together, we stay strong! 💪🚀 #CryptoSafety #ScamAlert #SCAMalerts #scammers. #scam
Hey Crypto Warriors! 🌐🔒 It's time to armor up against potential threats. Beware of a scam alert circulating on Facebook, and let's break down the details to ensure your financial safety. 🚫💰
👀 Avoid Unfamiliar QR Codes: No Rewards, Just Risks! 🚷❌
Listen up, folks! 📣✋ Refrain from scanning any unfamiliar QR codes. Why? Because there are no rewards waiting for you on the other side, only potential financial losses. Stay vigilant and keep your guard up! 🛡️💔
🧐 The Scam Unveiled: False USDT Giveaway on Binance 🕵️♂️🔍
Here's the scoop: a scammer is prowling on Facebook, luring users with the false promise of a USDT giveaway from Binance. Don't be fooled! Scanning that QR code won't unlock any giveaway; instead, it will play into the scammer's hands by transferring your funds. 😱💸
🚫 Vigilance is Key: Exercise Caution to Thwart Fraud! 🚷🚨
Stay on high alert, crypto fam! 🚀👀 Exercise caution, double-check, and triple-check before engaging in any QR code shenanigans. Don't let the allure of a supposed giveaway blind you to the potential risks. Your crypto fortress needs to be impenetrable! 🏰🛡️
🙏 Protect Yourself: Say No to Fraudulent Schemes 🙅♂️💡
We're all in this crypto journey together. 🤝🌐 Let's stand united against scams and fraudulent schemes. Spread the word, educate your crypto peers, and let's create a safer digital landscape for everyone. 🌍💙
👍 Like, Share, and Follow @MemeLauncher for More Crypto Safety Tips! 👍
If this warning resonates with you, give it a thumbs up, share it far and wide with your crypto comrades, and hit that follow button for regular updates on how to navigate the crypto realm safely.
Together, we stay strong! 💪🚀 #CryptoSafety #ScamAlert #SCAMalerts #scammers. #scam
Beware: Deceptive Airdrop Emails Circulating from Pretend “Nansen” and Beyond
Phishing Alert: Nansen users are under threat from a recent email scam.Beware Links: These emails include suspicious links to unfamiliar websites, posing potential risks like data theft or malware.Preventive Measure: Nansen strongly advises users to delete such emails immediately and avoid clicking on any provided links.
According to recent reports, users of the popular crypto analytics platform Nansen have fallen prey to a new phishing scam.
Victims received unsolicited emails from an entity claiming to be Nansen, inviting them to participate in an apparent airdrop, an obvious ruse.
Scam Emails Flood Inboxes @officer_cia, a crypto threat researcher, highlighted the scam, noting the influx of emails starting on Thursday, November 23.
These deceptive emails promised a fictitious "Nansen Airdrop" to supposedly reward loyal users, redirecting recipients to an unknown website upon clicking the link provided.
The intent behind these phishing attempts was likely to inject malware into victims’ devices or obtain sensitive information such as passwords, wallet addresses, or private keys.
The emails were fraudulently sent from "mail@networkforgood.com," an entity unaffiliated with Nansen.
Nansen’s Response While Nansen hasn't officially responded, the analytics firm advised users via Twitter to delete these emails promptly, avoid clicking unknown links, and report such phishing attempts to anti-scam databases.
They further emphasized that Nansen doesn't possess a native token and has no plans for airdrops.
Other Crypto “Scams” Ripple through November Nansen isn't the sole target; TrueCoin and FTX bankruptcy claims experienced similar data leaks used in phishing schemes.
An altercation between Friend.tech and The Block arose after the latter falsely reported a hack of Friend.tech’s user database, prompting discussions around responsible reporting in the crypto space.
This surge in hacks and "hack reports" underscores the critical need for heightened safety measures, particularly within the crypto realm.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
#ScamAlert #scam #PhishingScams
According to recent reports, users of the popular crypto analytics platform Nansen have fallen prey to a new phishing scam.
Victims received unsolicited emails from an entity claiming to be Nansen, inviting them to participate in an apparent airdrop, an obvious ruse.
Scam Emails Flood Inboxes @officer_cia, a crypto threat researcher, highlighted the scam, noting the influx of emails starting on Thursday, November 23.
These deceptive emails promised a fictitious "Nansen Airdrop" to supposedly reward loyal users, redirecting recipients to an unknown website upon clicking the link provided.
The intent behind these phishing attempts was likely to inject malware into victims’ devices or obtain sensitive information such as passwords, wallet addresses, or private keys.
The emails were fraudulently sent from "mail@networkforgood.com," an entity unaffiliated with Nansen.
Nansen’s Response While Nansen hasn't officially responded, the analytics firm advised users via Twitter to delete these emails promptly, avoid clicking unknown links, and report such phishing attempts to anti-scam databases.
They further emphasized that Nansen doesn't possess a native token and has no plans for airdrops.
Other Crypto “Scams” Ripple through November Nansen isn't the sole target; TrueCoin and FTX bankruptcy claims experienced similar data leaks used in phishing schemes.
An altercation between Friend.tech and The Block arose after the latter falsely reported a hack of Friend.tech’s user database, prompting discussions around responsible reporting in the crypto space.
This surge in hacks and "hack reports" underscores the critical need for heightened safety measures, particularly within the crypto realm.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
#ScamAlert #scam #PhishingScams