Beware! Induced Investment Scams
Induced Investment Scams In digital asset trading, some criminals often use various enticing information such as high returns, master guidance, arbitrage, interest generation, swapping, increment, mining, etc., to defraud users' assets. Please be vigilant.
Induced Investment Scam Case Studies
Case 1: Luring users to use a fake trading platform Scammers promote investment projects on channels such as Facebook, YouTube, QQ groups, etc., luring users to join fake trading platforms and engage in USDT arbitrage. Once the time is ripe, they immediately lock the users' accounts on the fake platform, refuse withdrawals, cancel the users' accounts, and delete users' contact information, causing severe financial losses to the users.
Case 2: Fraudulently obtaining deposits under the guise of part-time jobs Users looking for part-time jobs on "Telegram" are told by scammers that a deposit is required first. After the withdrawal, the scammer disappears, and the assets are stolen.
Common Tactics of Induced Investment Scams
Tactic 1: High returns to guide user investment Scammers use fake official mining, profit-making, recharge rebates, withdrawal bonuses, etc., to induce users to participate, initially allowing users to earn some profits, enticing them to invest more capital and even invite friends to join, then transferring all the principal and profits in the account, causing financial losses to users.
Tactic 2: Inducing withdrawals to scam platforms Under the pretext of high returns, users are induced to withdraw to scam platforms like pig butchering plates, initially giving users some profits, and later when users invest a lot of money, they continuously lose or are asked to pay a deposit to prevent withdrawals.
Tactic 3: Inducing users to participate in deceptive marketing activities Such as inducing users to withdraw through fake airdrops, currency swaps, etc., during which process the withdrawal address is tampered with by a Trojan virus, or inducing users to participate in marketing activities on scam platforms, causing asset losses.
Tactic 4: Cooperative trading scams Under the guise of cooperative trading, users are guided to invest, and after withdrawal, the promises are not fulfilled, and users are even deleted or blocked.
Tactic 5: Participation in order brushing scams Scammers boast of high returns through order brushing, creating an investment master persona, or gaining trust through online romance/friendship, guiding users to invest in designated platforms, ultimately making it impossible for users to withdraw/cash out.
Tactic 6: Deposit/guarantee scams Guiding users to engage in some guaranteed transactions or to withdraw to a guarantee platform for guarantee, asking for a deposit or guarantee as a pretext, guiding users to transfer money, and finally deleting or blocking users.
How to prevent?
Be cautious of various enticing information such as high returns, master guidance, arbitrage, interest generation, swapping, increment, mining, etc., and avoid transferring digital assets to unknown platforms.
Be vigilant when encountering unsolicited private messages introducing projects or sending unknown files/links, and do not click easily.
The safety of private transactions cannot be guaranteed and is usually fraudulent. Please try to operate on official trading platforms.
Do not easily trust strangers' private messages in IM, especially when encountering private messages claiming to be official customer service or operators. Identify through high-level identification and be vigilant! SAFEX will not ask you to perform any asset transfer operations such as buying/selling coins, withdrawing, or transferring assets; any claim to be a SAFEX partner or guide asset transfer or investment in the name of SAFEX official personnel is suspected of fraud.
When involving any account asset security information, do not share screens, take photos, send screenshots, etc., and be vigilant.
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