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Discord and TG Classic Scam Case

Discord is a popular social tool for many crypto players, but there are quite a few crypto scams on it.

Although Discord has a basic filtering function, people who have no related or shared channels cannot be directly contacted, but after adding too many channels of games or NFTs, it is easy to mix in the information of scam bots.

There are common private messages notifying you of winning the lottery, impersonating a project official or linking to a phishing website, etc., all in order to obtain your wallet private key, mnemonic phrase or excessive authorization, and then steal your assets.

So no matter which Discord group you are in, don’t click on unidentified URL links, be very vigilant about private messages from strangers, and don’t reveal wallet private keys, mnemonics, and account privacy.

Telegram classic fraud case

Telegram is also a common social tool for crypto players. Since 2017, various fraudulent schemes have emerged one after another. One of the most common but hidden methods of fraud is an exchange group named after a well-known exchange, which is easy for new users to mistake it for an official one. The community will relax its vigilance, and then the group will publish information on arbitrage in the exchange to attract investors to take the bait.

For example, a scam claims that a large exchange provides a limited amount of platform currency in its own cold wallet as a contract rebate currency. Users need to transfer ETH to the smart contract, it will automatically execute the contract, and the rebate will be 8% interest + principal, etc. The price of the platform currency to the user, in simple terms => transfer $100 of ETH, it will return $108 of platform currency to the user’s wallet, and all the ETH voluntarily entered by the end user will go to the scammers.

The websites/apps/customer service/convincing users to invest more money in such scams, and even the cooperating group members will prepare a full set. It is difficult for investors to identify, and once the loss is usually very large.

All the ETH voluntarily entered by the end user goes to the scammers. The websites/apps/customer service/convincing users to invest more money in such scams, and even the cooperating group members will prepare a full set. It is difficult for investors to identify, and once the loss is usually very large.

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