What are the common scams involving whatsapp and cryptocurrencies?

10 answers

• Harboe ChristianMay 12, 2025 · a month ago
  Sure! One common scam involving whatsapp and cryptocurrencies is the 'investment opportunity' scam. Scammers will reach out to potential victims through whatsapp, claiming to have insider information or a guaranteed investment opportunity in the cryptocurrency market. They will promise high returns and ask for an upfront payment or personal information. However, once the payment is made or the information is provided, the scammer disappears and the victim loses their money or becomes a victim of identity theft. It's important to remember that legitimate investment opportunities don't guarantee high returns and never ask for upfront payments or personal information through whatsapp or any other messaging platform.
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• melonoyApr 20, 2024 · a year ago
  Oh boy, you've got to be careful with whatsapp and cryptocurrencies! One of the most common scams is the 'crypto giveaway' scam. Scammers will impersonate well-known cryptocurrency figures or companies and send messages through whatsapp, claiming to be hosting a giveaway where users can receive free cryptocurrencies. They will ask for a small fee or personal information to participate in the giveaway. However, once the fee is paid or the information is provided, the scammers disappear and the victims are left empty-handed. Remember, legitimate giveaways don't require any fees or personal information.
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• Salling PraterSep 26, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can confirm that scams involving whatsapp and cryptocurrencies are unfortunately quite common. One scam to watch out for is the 'phishing' scam. Scammers will send messages through whatsapp, pretending to be from a legitimate cryptocurrency exchange or wallet provider. They will ask for sensitive information such as login credentials or private keys, claiming it's necessary for security purposes. However, if you provide this information, the scammers can gain access to your cryptocurrency funds and steal them. Always double-check the source of any messages and never share sensitive information through whatsapp or any other messaging platform.
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• Aleksandr ShuldyakovMar 08, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed a rise in scams involving whatsapp and cryptocurrencies. One scam that users should be aware of is the 'pump and dump' scam. Scammers will create groups on whatsapp, promoting a particular cryptocurrency as the next big thing. They will encourage users to buy the cryptocurrency, artificially inflating its price. Once the price reaches a certain level, the scammers will sell their own holdings, causing the price to crash. This leaves other investors with significant losses. It's important to do thorough research and not blindly follow investment advice from whatsapp groups.
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• emugoMay 27, 2024 · a year ago
  Watch out for whatsapp scams in the cryptocurrency world! Another common scam is the 'fake ICO' scam. Scammers will send messages through whatsapp, promoting a new initial coin offering (ICO) with promises of high returns. They will ask for investments in the form of cryptocurrencies, claiming that the ICO is a once-in-a-lifetime opportunity. However, once the funds are sent, the scammers disappear and the ICO turns out to be fake. Always do your due diligence and verify the legitimacy of any ICO before investing.
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• Tha NutMay 04, 2024 · a year ago
  You won't believe the scams people come up with involving whatsapp and cryptocurrencies! One scam to be aware of is the 'crypto mining' scam. Scammers will send messages through whatsapp, offering users the opportunity to participate in cryptocurrency mining pools. They will ask for an upfront payment or personal information to get started. However, once the payment is made or the information is provided, the scammers vanish and the victims never receive any mining rewards. Legitimate cryptocurrency mining operations don't require upfront payments or personal information.
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• t.abdullah AbdullahJun 16, 2024 · a year ago
  Be cautious when dealing with whatsapp and cryptocurrencies, as scams are prevalent. One scam that has been reported is the 'fake wallet' scam. Scammers will send messages through whatsapp, promoting a new cryptocurrency wallet with advanced features and security. They will ask users to download the wallet from a link provided in the message. However, the wallet is actually a malicious software that steals the user's private keys and cryptocurrency funds. Always download wallets from official sources and verify their authenticity.
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• Hugo MolanderNov 23, 2024 · 7 months ago
  Scammers are always finding new ways to exploit whatsapp and cryptocurrencies. Another scam to watch out for is the 'fake investment fund' scam. Scammers will send messages through whatsapp, claiming to manage a highly profitable investment fund focused on cryptocurrencies. They will promise guaranteed returns and ask for large investments. However, once the funds are sent, the scammers disappear and the victims never see any returns. Remember, legitimate investment funds have proper documentation and don't guarantee profits.
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• Mahamadou SackoJan 10, 2025 · 5 months ago
  It's unfortunate that scams involving whatsapp and cryptocurrencies are so prevalent. One scam that has been reported is the 'fake airdrop' scam. Scammers will send messages through whatsapp, claiming to be conducting an airdrop where users can receive free cryptocurrencies. They will ask for personal information or a small fee to participate. However, once the information is provided or the fee is paid, the scammers disappear and the victims don't receive any airdrop rewards. Legitimate airdrops don't require personal information or fees.
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• ThityJul 16, 2021 · 4 years ago
  Scammers are always trying to take advantage of unsuspecting individuals through whatsapp and cryptocurrencies. One scam to be aware of is the 'fake trading bot' scam. Scammers will send messages through whatsapp, promoting a trading bot that can generate huge profits in the cryptocurrency market. They will ask for an upfront payment or personal information to access the bot. However, once the payment is made or the information is provided, the scammers disappear and the victims are left with a useless bot. Legitimate trading bots don't guarantee profits and don't require upfront payments or personal information.
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