Beware of the Obvious Crypto Scam

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11 months ago

As far as earning free crypto goes, I'm all for it and exploring each and every available avenue. I've made many posts on here about different platforms I've tried and some I use regularly. I would like to take this post and point out on obvious crypto scam. It was discovered on a PTC ad displayed on the Cointiply app:

So it goes something like this, and it's a very common scam: "deposit your crypto with us and we'll double it!"

What ends up actually happening is that you send your crypto to the scammers, who have absolutely no intention of returning it. And they don't. You just sent coins to someone, under the false pretense that you will be sent them back and then some. There is absolutely no reason anyone will ever "double your crypto." They use urgency, as depicted above as "you have 1 hour to double your deposit," to entice the unsuspecting hodler looking to increase their stack. I implore you: don't fall for it.

If you see scams like this, report them. What's ironic about this one is that it uses Cointiply in the scam to seem more legitimate. Please know that Cointiply has no such program to double deposits. It is 100% a scam. Once the funds are sent to the con artists, they are gone. As you well know, Bitcoin transactions are irreversible and there is no way to recover the sats once sent to the scammers.

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11 months ago

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If it seems to good to be true then it is literally a scam. It is very impossible to get bigger profit with less effort and time.

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11 months ago