90500 😊

🥋 Someone offering profits from reselling? It might be a scam

As part of our #safety series, we’re breaking down popular scam tactics to help you stay protected. Today’s topic: a crypto reselling scam.

When you send a message in a Telegram group, your profile becomes visible to other chat participants. Imagine you post something — and almost instantly a stranger messages you privately with a tempting offer to make money through insider crypto pumping.

This kind of crypto “pump” is a coordinated effort to suddenly increase a token’s price, usually set up by insiders who coordinate to sell off or “dump” their investments together and disappear with the profits. Such schemes are also illegal in many countries 🚫

The stranger tells you how you will make quick, guaranteed money by buying a specific token alongside other “participants”. The idea is to artificially increase the token’s price and sell it for a profit while the price is high. If you agree, they add you to a private group with a "mentor" and several “investors”, who all share impressive screenshots of their earnings.

The mentor then tells you they’ve already set up a special trading account for you that they will “manage” and asks you to make a small deposit. Once you send the money, they show you screenshots with your “growing profit”. The mentor then encourages you to invest even more, saying the bigger your investment, the higher the price will climb. He also promises to transfer your profits right after the sale 💰

Excited, you send a larger amount. Immediately the mentor vanishes, and you’re kicked out of the group chat.

What actually happened? The scammers controlled the trading account the entire time. The private chat was just a well-orchestrated performance. As soon as you send a significant amount, the scammers will disappear with your funds and delete all traces of communication 😬

How to protect yourself:

● If someone promises easy money with no risk, it’s always a scam.
● Keep in mind: participating in pump and dump schemes is illegal in many countries.
● Never hand over control of your accounts or funds to third parties, “asset managers” or “financial gurus”.
● If a random person asks you to chat with a “mentor” or move to an unfamiliar website, it’s probably a scam.

Investments in crypto are risky. This communication is not intended for persons in the United Kingdom

BTC 99400++

More than 9000 points. 😊😊