CryptoFraudAlert
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đšđ° Beware: Fraud Alert! đ°đš
Heads up, crypto community! A notorious group infamous for blockchain fraud is at it again, this time setting their sights on the Blast platform. đ± They've recently shifted a staggering $1 million in laundered funds to fuel their deceitful schemes, leaving a trail of unsuspecting victims in their wake.
According to on-chain detective ZachXBT, these shady characters started by moving funds from an Ethereum address tied to previous scams to another address on the Polygon network. đ”ïžââïž From there, they converted the assets into wrapped ETH (wETH) and shuffled them across multiple blockchain networks using services like Orbiter and Bungee.
Their latest move? Using these ill-gotten gains to purchase LEAP tokens on the Blast platform, injecting liquidity into what appears to be yet another trap for the unwary. đĄ And if that wasn't enough, ZachXBT suspects that these masterminds are also behind a project called ZebraLending on the Base platform, boasting a staggering total value locked (TVL) of around $311K. đ€Ż
This group is notorious for their slick tactics, which often involve forging Know Your Customer (KYC) documents and colluding with less-than-reputable auditing firms to create a false veneer of legitimacy. They've targeted platforms across the board, from Base to Solana, Scroll to Optimismâshowcasing their adaptability and extensive reach within the blockchain sphere. đŻ
So, fellow crypto enthusiasts, stay vigilant and keep your guard up! Let's work together to protect our community and keep these fraudsters at bay. Remember: if it sounds too good to be true, it probably is! đ #CryptoFraudAlert #StaySafe $SOL #Memecoins $ETH
Heads up, crypto community! A notorious group infamous for blockchain fraud is at it again, this time setting their sights on the Blast platform. đ± They've recently shifted a staggering $1 million in laundered funds to fuel their deceitful schemes, leaving a trail of unsuspecting victims in their wake.
According to on-chain detective ZachXBT, these shady characters started by moving funds from an Ethereum address tied to previous scams to another address on the Polygon network. đ”ïžââïž From there, they converted the assets into wrapped ETH (wETH) and shuffled them across multiple blockchain networks using services like Orbiter and Bungee.
Their latest move? Using these ill-gotten gains to purchase LEAP tokens on the Blast platform, injecting liquidity into what appears to be yet another trap for the unwary. đĄ And if that wasn't enough, ZachXBT suspects that these masterminds are also behind a project called ZebraLending on the Base platform, boasting a staggering total value locked (TVL) of around $311K. đ€Ż
This group is notorious for their slick tactics, which often involve forging Know Your Customer (KYC) documents and colluding with less-than-reputable auditing firms to create a false veneer of legitimacy. They've targeted platforms across the board, from Base to Solana, Scroll to Optimismâshowcasing their adaptability and extensive reach within the blockchain sphere. đŻ
So, fellow crypto enthusiasts, stay vigilant and keep your guard up! Let's work together to protect our community and keep these fraudsters at bay. Remember: if it sounds too good to be true, it probably is! đ #CryptoFraudAlert #StaySafe $SOL #Memecoins $ETH
Crypto Fraud Worth $1 Billion
The New York Attorney General has charged two crypto companies â NovaTechFx and AWS Mining â with $1 billion in fraud. The companies operated as Ponzi schemes, victimizing over 11,000 people.
The schemes primarily targeted religious communities and Haitian immigrants.
#CryptoFraudAlert #Megadrop #hottrendingtopics #Topcryptoapps #Bestminingapps
The New York Attorney General has charged two crypto companies â NovaTechFx and AWS Mining â with $1 billion in fraud. The companies operated as Ponzi schemes, victimizing over 11,000 people.
The schemes primarily targeted religious communities and Haitian immigrants.
#CryptoFraudAlert #Megadrop #hottrendingtopics #Topcryptoapps #Bestminingapps
"Understanding Ponzi Scams in Cryptocurrency: How to Protect Yourself"
A Ponzi scam in cryptocurrency operates similarly to traditional Ponzi schemes but within the crypto space. Here's how it typically works:
1. Promises of High Returns: The scam offers exceptionally high returns on investments, often far exceeding market averages.
2. Initial Payments: Early investors receive returns, funded by the contributions of newer investors, rather than from any actual profit or trading activity.
3. Recruitment: The scheme relies on attracting a continuous stream of new investors to maintain the flow of money needed to pay returns to earlier participants.
4. Collapse: Eventually, the scheme collapses when it becomes difficult to recruit enough new investors, and the organizers either disappear with the remaining funds or the scheme simply runs out of money.
How to Avoid Ponzi Scams in Cryptocurrency:
1. Research Thoroughly: Investigate the legitimacy of any crypto project or investment opportunity. Look for transparency in operations and the team behind the project.
2. Be Wary of Unrealistic Promises: High and guaranteed returns are a red flag. In the volatile world of cryptocurrencies, such guarantees are often a scam.
3. Check for Regulatory Compliance: Ensure that the cryptocurrency platform or investment opportunity complies with relevant financial regulations and is registered with appropriate authorities.
4. Seek Professional Advice: Consult with financial experts or advisors who have experience with cryptocurrency investments.
5. Verify Information: Look for independent reviews and feedback from credible sources to validate the claims made by the investment opportunity.
By being vigilant and conducting thorough due diligence, you can better protect yourself from falling victim to Ponzi scams in the cryptocurrency space.
#CryptoFraudAlert #AvoidCryptoScams
1. Promises of High Returns: The scam offers exceptionally high returns on investments, often far exceeding market averages.
2. Initial Payments: Early investors receive returns, funded by the contributions of newer investors, rather than from any actual profit or trading activity.
3. Recruitment: The scheme relies on attracting a continuous stream of new investors to maintain the flow of money needed to pay returns to earlier participants.
4. Collapse: Eventually, the scheme collapses when it becomes difficult to recruit enough new investors, and the organizers either disappear with the remaining funds or the scheme simply runs out of money.
How to Avoid Ponzi Scams in Cryptocurrency:
1. Research Thoroughly: Investigate the legitimacy of any crypto project or investment opportunity. Look for transparency in operations and the team behind the project.
2. Be Wary of Unrealistic Promises: High and guaranteed returns are a red flag. In the volatile world of cryptocurrencies, such guarantees are often a scam.
3. Check for Regulatory Compliance: Ensure that the cryptocurrency platform or investment opportunity complies with relevant financial regulations and is registered with appropriate authorities.
4. Seek Professional Advice: Consult with financial experts or advisors who have experience with cryptocurrency investments.
5. Verify Information: Look for independent reviews and feedback from credible sources to validate the claims made by the investment opportunity.
By being vigilant and conducting thorough due diligence, you can better protect yourself from falling victim to Ponzi scams in the cryptocurrency space.
#CryptoFraudAlert #AvoidCryptoScams
đš Beware of Hamster Kombat Token Scams đš
If you've been eyeing "Hamster Kombat" and similar bots, STOP and think twice. Scammers are flooding the market with deceptive games like these, promising big rewards but delivering peanutsâliterally! đčđž For each token, you're getting only $0.008272, a joke compared to what they advertise.
These schemes waste your valuable time and target people in India, Bangladesh, Nepal, Pakistan, and other developing nations. Scammers prey on those looking for side hustles or quick profits, offering false hope and exploiting financial desperation.
What to watch out for: â ïž False promises of high earnings. â ïž Bots that manipulate game mechanics to trap you. â ïž Misleading advertisements showing huge wins.
Remember: If it looks too good to be true, it probably is! Donât waste your time on these frauds. Instead, invest in educating yourself on legitimate opportunities. Stay smart, stay safe! đĄ
they earn billion dollar from YouTube telegram ads & sponsor, they target asian, because first world country peopleâs Don't care, they know value of time
#CryptoScams #HamsterKombatSca #Beware
#StaySafeOnline #CryptoFraudAlert
If you've been eyeing "Hamster Kombat" and similar bots, STOP and think twice. Scammers are flooding the market with deceptive games like these, promising big rewards but delivering peanutsâliterally! đčđž For each token, you're getting only $0.008272, a joke compared to what they advertise.
These schemes waste your valuable time and target people in India, Bangladesh, Nepal, Pakistan, and other developing nations. Scammers prey on those looking for side hustles or quick profits, offering false hope and exploiting financial desperation.
What to watch out for: â ïž False promises of high earnings. â ïž Bots that manipulate game mechanics to trap you. â ïž Misleading advertisements showing huge wins.
Remember: If it looks too good to be true, it probably is! Donât waste your time on these frauds. Instead, invest in educating yourself on legitimate opportunities. Stay smart, stay safe! đĄ
they earn billion dollar from YouTube telegram ads & sponsor, they target asian, because first world country peopleâs Don't care, they know value of time
#CryptoScams #HamsterKombatSca #Beware
#StaySafeOnline #CryptoFraudAlert
