Watch Out For This Scam on Social Media with Ethereum Tokens
Facebook and Google banned crypto ads, Twitter is also doing it. And i can see why. Most ads are scams.
The scam is really easy and profitable if one gets fooled.
They create a new token with a similar name to the official one ie NucleusVisio instead of NCASH (and actually NucleousVision) or Credits instead of CS. Then they give you short-link to etherdelta/contract/ETH so this way you wont notice this is a different contract and reply to tweets or reddit threads. Some are even rude enough to make promoted posts on twitter.
If you are not aware decentralized exchanges on ETH can trade any contract so if somehow you are moved to fake/misspelled contract then you believe you are making super arbitrage deal.. but you just lose money.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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These cryptocurrency scams are too much these days. I'm glad people are out here spreading information about these scams so the average user doesn't lose fubds to these scammers.
you have helped so many people @ kingscrown and you give important imformation thanks friends
never send eth or any other crypto to an address unless you know the are 100% not a scam
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Thanks for the headsup @kingscrown.I have closed shop on any and all forms of ico out there.The scam is real.
Now it's getting more clear why big advertising banned cryptocurrency. They want there asses out of hot seat.
Thanks for the great advice.... You've saved people from being fooled...
Kudos @kingscrown
Is that the same chris the bitconnect promoter jeez.. when he will stop doing such thing....
So many scams out there! If it sounds too good to be true, it probably is.
Fraud on the Internet has become very much
Every day he devises a method of deceit
Thanks Ali for the tips
Because, "send us your money" just doesn't work as well.
I hope someone comes up with a handshake protocol that verifies you have the correct address.
We rely on so much things being right when even doing a URL lookup. There are so many vectors of attack.
Well, good to know (although don't trade based on ads, not to mention I don't have twitter).
This is why everybody screams "do your own research!".