Crypto Fat Cat
I have seen this one on Reddit a lot.Well here’s a new one to me. It seems too obvious to work, but apparently it does.
Random twitter user or other social media poster reports that he or she has made a lot of money in crypto, and they want to give back to the community. They offer to give away 25 ETH or 10 BTC to random people. All you have to do is send their address a small amount of whatever crypto they are giving away to “confirm your address and make it easy” to send back your free coins.
So of course anyone who sends them money will never hear from them again. Some of these scams pop up with a username very similar to a well-known twitter user or a known crypto expert to make it look more legit.
Remember no random twitter or reddit user is giving away free money. Never respond to anyone who needs you to send them money. It’s just the crypto version of the telephone calls telling you won a free vacation, they just need a credit card to confirm. It’s a scam.
Stay safe and stay smart out there.
Many crypto buyers are very young and don’t understand how investment markets work. This generation thinks everything should happen fast and be easy, including making money. Nothing really works that way.It looks like these scammers are going to great lengths and are very inventive!
But it doesn't really take a super genius to see through that scam.
I'm sorry but if you fall for that Twitter scam, you probably shouldn't be dealing in Crypto Currency!
But yeah too many scams!