scamers

In a stark reminder of the risks in digital finance, a 48-year-old businessman from Ahmedabad has lost Rs. 1.92 crore (approximately $221K) in an elaborate cryptocurrency scam. What started as an innocent friend request on social media soon turned into a high-stakes fraud, leaving the victim with only a fraction of his invested money.
🎭 The Scam Begins
In August 2024, the businessman received a friend request from a woman claiming to run a gym equipment business in Dubai and Mumbai. Their friendly chats moved to WhatsApp, where she introduced him to a “guaranteed profit” crypto investment platform.
To make the scam look real, she claimed her uncle was a senior officer at a top American financial firm and could guide him in investing. Impressed by her connections, the businessman made his first investment of $500, which quickly earned a $250 profit. This early success convinced him to invest bigger amounts without suspecting foul play.
📈 The Investment Grows, But So Do the Red Flags
Encouraged by initial profits, the businessman increased his investments, eventually seeing his account balance grow to Rs. 6 crore (~$692K). However, when he tried to withdraw Rs. 77 lakh, he was suddenly asked to pay a 20% “tax” upfront before accessing his funds.
This unexpected demand raised red flags 🚩. When he questioned the tax, the scammer stopped responding, and further investigation revealed that the entire investment platform was fake.
🚔 Police Investigation & Losses
Realizing he had been scammed, the businessman could only recover Rs. 92,000 from his Rs. 1.92 crore investment. Shocked by the loss, he filed a complaint with the Cybercrime police, who have registered a case for:
✅ Criminal Conspiracy
✅ Cheating by Impersonation
✅ Criminal Breach of Trust
Authorities are now investigating the case as part of a wider crackdown on online fraud, warning others about similar scams.
⚠️ Lessons for Crypto Investors
💡 Do Your Research: Always verify the legitimacy of any investment opportunity, especially those introduced via social media.
🚫 Beware of Unsolicited Offers: Random friend requests & investment tips from strangers should be treated with suspicion.
📢 Trust But Verify: Early gains can be tempting, but scammers use them to trap victims into bigger investments.
💼 Use Trusted Platforms: Always invest through regulated and well-known crypto exchanges.
👨‍💼 Consult Professionals: Seek advice from financial experts before making high-stakes investments.
⚖️ Final Takeaway
This case is a wake-up call for all crypto investors. The rise of crypto scams on social media shows how fraudsters are getting more sophisticated. If something sounds too good to be true, it probably is!
🔹 Stay vigilant, stay informed, and protect your investments. 🔹
#InfiniHacked #scamers #losses $BTC

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Stay informed and cautious when dealing with tokens carrying the Monitoring Tag. Remember, Binance prioritizes transparency and safety in the crypto ecosystem. 💸
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Our job is to protect ourselves from them
My guide on how to avoid investing in scam projects
90% of newbies don't do it ⬇️
It is very Important to be careful not to lose your money
Crypto losses from hacks and scams soared by 113% in Q2 2024 to reach $572M
Checklist for identifying scam projects⬇️
1 ➔ | Do a thorough research |
Does the project actually create a worthwhile product or not?
The project must have real evidence
Working product Need: alpha version, beta version, test version - anything that confirms the reality of their work
For an example, let's take the acclaimed Grass
A blockchain-based protocol for decentralized web page analysis that provides data collection
We saw an initial working system that anyone could test and then be rewarded
2 ➔ | Who's behind the project |
Undoxxed teams can succeed, but they’re the exception, not the rule
Most successful projects have doxxed teams, where identities are public, allowing you to verify their experience
While undoxxed projects aren't automatically bad, it raises doubts if other red flags are present
In turn, it is important for us to know who is behind the project and whether they can be trusted
3 ➔ | Too-Good-to-Be-True Promises |
Scammers often reveal themselves away with unrealistic promises and constant hype, claiming huge profits in the future
Red flags are phrases like “The next 100x gem” or “It'll never be this cheap again”
4 ➔ | Сontributions |
Projects control who invests and how much they invest, aiming for an even distribution of funds
Scammers don't care about this, their goal is only to collect money
If you see unlimited contribution amounts or limits per person that are too high, this is a reason to think twice
This may indicate an attempt to raise money quickly rather than build something sustainable
Scammers are getting craftier, but if you are careful and do these 4 checks, they can be bypassed
Always research the project and take your time
Protecting your investment is a top priority
#scamers #scamerhunter

😱 A new wave of scams is ruining lives on social media. Criminals are using deepfakes of public figures to promote fake crypto investments. They promise guaranteed profits, but once you deposit, they vanish with your money.
🔎 How to spot and protect yourself?
1️⃣ Too good to be true? There are no risk-free investments. If they promise to double your money fast, run away.

2️⃣ Verify sources: Don’t trust social media ads without research. Check official accounts and their history.

3️⃣ Don't fall for pressure tactics: If they claim it’s a "once-in-a-lifetime opportunity" and you must "act now," it’s likely a scam.

4️⃣ Never share sensitive information: Never grant access to your accounts or send money without verification.
🔥 Share this to prevent more people from getting scammed.

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#BNBChainMeme #scamers #BinanceAlphaAlert