Quote from: Amphenomenon on January 14, 2024, 10:38:35 PM

The phrase, Ignorance is bliss should be changed to ignorance is hell especially relating to finance, sad truth that there would still be individuals who would fall for this scam but I guess they would be totally ashamed after this, since they fail to realise that wallet is similar to their bank account and so how many of them would allow a total stranger to create a bank account for them or at least send their account balance to a stranger.

This scam is actually dangerous, since after sending a screenshot of the wallets to the scammer even if the person then understands that he/she is about to be scammed and end contact with the scammer, if the amount of coins in the wallet is enticing to the scammer, they scammer may find a way of Robbing such individual offline since its social media, getting details of such individual will be easier. The best is to totally avoid it.

Quote from: Orpichukwu on January 14, 2024, 09:01:09 PM

Almost all the time we talk and teach about how people can avoid being scammed by these scammers and how they can lower their greed and get it in the back of their minds that there is no free money anywhere on the internet and crypto-currency investment can't just turn you wealthy over night.

Sad truth but the hype of getting the next Meme coins/tokens like Shiba Inu, Pepe, Baby doge and their likes has made alot broke rather rich if only they could avoid the hype from all these social media and invest in bitcoin.

Quote from: SatoPrincess on January 14, 2024, 07:06:54 PM

Quote from: Y3shot on January 14, 2024, 06:37:05 PM

if you go through the comments sections their are so many people who are so interested in this.

The people in the comments might also be part of the scam. In scams like this, the scammer usually play different roles, they have different accounts which are used to signify interest in the comments and also to post testimonies of how successful they have become because they trusted so and so platform or trader.

This is literally true and I don't think any scam in this category will succeed without having team of such doing this kind of background and that's why not all reviews especially on social media are to be trusted, we have to be really cautious of were we get reviews or financial advice.

This criminals always work in groups, they have there cronies in every areas to convince their victims that they're legit, so if the victims go to the comments section they'll see a lot of good remarks from other investors, not knowing that the commenters and the scammers are all working together. So trusting an unknown site on social media, because unknown persons are endorsing it on the same social media is a big mistake, we must treat every unverified links and sites in the social media space with carefulness and distrust, because scammers will consider every areas of suspicion and try to cover their tracks so the scam will look very legit. I don't think that media outlets can do much to curb these menace of scammers, so the only option left for individuals are to carry out research before engaging in any unknown social media transactions.