Australian (ASX) Stock Market Forum

Cryptocurrency scams

Facebook is awash with these kind of scams at the moment. I followed the link and it leads to a WhatsApp chatroom where professional scammers work large groups of people for weeks on end, gaining their confidence, before fleecing them of as much money as they can. The ads say stocks, but ultimately the discussion in these groups leads to crypto and the scams always revolve around crypto. Stocks is just the bait used in the ads.

Nobody seems to be doing anything. Facebook is making money by running these ads and the regulator chooses to look the other way. Facebook does more to assist organised crime than any other company on Earth. It's shameful.

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Perhaps in this day and age, anyone taken in by these scams is " going to get taken in". It is a bit like my Victorian cousins going for a swim in the tepid waters off The Strand when a large crocodile was sighted there last week.

My old reef fishing mate Richard Gluyas is reporting in a newspaper of record this morning.


I must admit that after signing up to a Crypto seller of "repute", for live information on my dart exercise with ETH, I have received an extraordinary amount of spam via email and telephonic communication.

My Nigerian in-laws Chief Precious MacKenzie and his wife Innosense are dealing with the matter for me.

I also have received more visits at the Hotel from the Sunday Christians flogging free newspapers, so it ain't all bad. They are a nice bunch of harmless believers.
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You're right—cryptocurrency scams are everywhere, preying on the surge in interest. Phishing emails, fake recovery services, Ponzi schemes, and fraudulent investment platforms are all common tactics scammers use.

If you receive a suspicious email, never click on links or provide personal information. Reporting scams to relevant authorities (such as the exchange used or a consumer protection agency) can help prevent others from falling victim.

If you come across more scams, sharing details like you did can help others stay vigilant.
 
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