Recently, there was news about the ICHCoin crypto scam, which has scammed around $30 million from users across the US. The scammers primarily use Facebook and Instagram to find potential victims, pretending to be crypto experts offering advice to lure them in. Eventually, they move to WhatsApp to finalize their pitch and convince the victims to invest.
This scam started back in December 2023 and has targeted around 600 individuals, with many losing large amounts of money -some even their entire savings. If we do a bit of math, that $30 million divided by 600 victims averages out to $50,000 each, showing just how effective and targeted their approach is. Scammers like this will likely continue to operate, but hopefully, we can see a decrease in these scams by educating ourselves and staying aware. Newbies should be especially cautious of these tactics.
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https://cryptonews.com/news/fbi-investigates-ichcoin-crypto-scam-costing-victims-millions/This is not new and heard a lot of schemes like this and scammer use multiple coin to deceive people just like that. To bad that many people fall from this schemes since its like they there's still a lot of innocent people trying to earn money without even thinking what they are doing.
Imagine they didn't bother to do a research regarding on the investment schemes joining so that means even if we are now on digital age lots of people still innocent towards crypto scams.
This scheme is not far from those who proclaim their selves as expert FX or crypto trader and to many people still fall from those investment scam operating thru social media channels.
What we can only do about this is to warn people and educate about those ponzi scheme type of scams and save them from experiencing the worst case scenario that might happen to them on those programs.