Beware – Social Media Cryptocurrency Scammers
Certainly, cryptocurrencies are here to stay and there are more and more enthusiasts for them. But as its popularity and fame grow among the public, in the same way the risks grow within the same market ecosystem.
It is for this reason that today we come to explain how to quickly identify two of the most common methods used by scammers on the web. Unfortunately, we find these cases for ETHgiveaway.com and ETHgiver.com and ETHpublic.com websites. These are two pages of scams that lend themselves to the theft of Ethereum (ETH) and that are able to rely on social media to achieve their goal.
Example 1: Jameson Lopp
Example 2: Dr. Craig S Wright
It is worth noting that Blockchain technology and Smart Contracts are becoming the safest in computer science, as such, for a scam to occur directly within the system is because it is due to a leak in the backdoor or because an exploit has been activated inside it. For these are internal technical reasons within the system, in which no official platform that works with cryptocurrencies wants to see itself involved, therefore, they work so hard to keep the security of the system high.
The financial scams related to Blockchain have more to do with a user-brand interaction, where the user makes the mistake of sending the money to what he believes is a safe, profitable and striking official project without receiving what was promised by the supposed company. It is for this reason that you must be very careful with it.
For example, a real brand that is going to launch its own ICO is not asking for money or cryptocurrencies without offering a token, a product or a service in return.
The more you notice that there is an annoying emphasis on asking for money and not on offering a service or product, the more you can be doubting about the origin of the portal.
In the case of ETHgiveaway.com (which is also ethgiveavvay.com), it looks as if it were a brand that offers you a service and provides you with all the information about the company, while you browse with a parallax effect on the screen, but everything you see is just an illusion.
Only worth mentioning the following points so that you realize the fraud:
- Repetitive information in the tables with texts.
- They start talking to you about Bitcoin, Ethereum or cryptocurrencies as if you knew absolutely nothing, from scratch.
- The members of the team are of dubious origin or, failing that, they are false members of the company.
- They offer an astronomically exaggerated and illogical return on investment that breaks with all the schemes of the industry.
- The white paper or the technical / business sketch of the project cannot be found anywhere.
- They use fake accounts or bots on social media, such as Twitter to promote themselves.
And in the case of ETHgiver.com, where it's probably even more brazen, it's just a page that says the following: “To verify your address, just send from 0.5 to 20 ETH to the address below and get from 5 to 200 ETH back!”, Where if you try to copy and paste this message, you end up copying the wallet address of the urged swindler to the clipboard.
The rest of the page is a “list in real time of the people who are sending money to the address”. It is only enough to compare the last shipment with the antepenultimate one so that you realize that it is the same wallet sending allegedly Ethers to the project pot.