During the last year, several scams affected crypto users. Even after a whole year and several warnings, these scammers continue to operate. This time, Charlie Lee, the founder of the popular digital asset Litecoin (LTC), informed that there are several fake Litecoin groups that are scamming people.
In general, the most used social media platform to scam users was Twitter. Scammers copied the profiles of several important figures from the cryptocurrency space or not and started to ask users to send funds to a specific wallet address. Now, it seems that as Twitter has been trying to fight against them, they are moving over to Telegram, a messaging application that is heavily used by crypto enthusiasts from all over the world.
There are several fake Litecoin groups scamming people. By default, users can be added to new groups by "everyone". This should NOT be the default, so new users aren't silently added to fake groups & exploited by scammers. Or at least show a new group invitation! @durov @telegram pic.twitter.com/lh46CfrAIB
— Charlie Lee [LTC⚡] (@SatoshiLite) January 14, 2019
In this tweet, Charlie Lee tags Pavel Durov, the founder of Telegram, which is currently working on the Telegram Open Network (TON). This will be a next-gen blockchain platform that will also be featuring a new crypto token.
In the past, Lee tried to warn users about this issue by writing a tweet in which he said he was giving LTC away to those that sent 0.01 LTC to the address displayed. However, when the user clicked on the link and entered the site, a message appeared warning users about it and that he is not giving away funds.
The message displayed read as follows:
“No, I am not giving away coins for free. In the future, don’t get fooled by tweets from me (or anything else) saying I will send you coins only if you send me some first. If it sounds too good to be true, it is too good to be true.”
Litecoin is one of the largest digital currencies in the world. At the time of writing, it has a market capitalization of $1.94 billion and each LTC can be purchased for $32.