Crypto Scam: "The Wolf in Sheep's Clothing"
This scam relies on the trust placed in an apparently reliable source that actually has fraudulent intentions.
How does the scam work?
🔵 Creating a Fake Identity
Scammers create fake accounts on Telegram, Twitter, and Discord by impersonating well-known experts. They copy profile pictures, names, and communication styles of real people and sometimes use bots to inflate their follower count.
🔵 Pretending to be a Professional
They post fake predictions, supposedly exclusive information, or past “success” statistics, creating the illusion of expertise. Sometimes, they collaborate with real traders to infiltrate communities.
🔵 Luring Victims with "Exclusive" Offers
After gaining their target’s trust, scammers offer investment opportunities in private projects, paid trading signals, or access to a “guaranteed” profit strategy.
🔵 Collecting Money via Fraudulent Platforms
Scammers often create fake websites where users must deposit money. 1 reply
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