Farcaster

Scammers on WhatsApp use psychological tricks to manipulate people into fraudulent investment schemes, especially fake mining pools. Here’s how they operate:

Step 1: Random Introduction
The scammer, often pretending to be an attractive woman, sends a random message like:  
“Hello! Is this John? I think we met somewhere.”  

Step 2: Building Trust
Over time, the scammer builds a fake friendship or romantic connection, often using stolen pictures from Social media and asking personal questions to seem genuine.

Step 3: The Investment Opportunity
Once trust is built, the scammer asks about financial goals and introduces a “profitable” crypto mining pool. 

Step 4: Illusion of Profit 
The victim invests a small amount ($100–500). The fake mining pool shows daily profits, increasing the victim's confidence to invest more.

Step 5: The Big Scam 
The scammer encourages a larger deposit ($10,000 or more). Afterward, the platform disappears, and the scammer blocks the victim.