How do scammers exploit Telegram in the cryptocurrency industry?

3 answers

• Rakesh RockyJul 16, 2025 · a month ago
  Scammers often create fake cryptocurrency investment groups on Telegram, promising high returns and exclusive opportunities. They lure unsuspecting individuals to join these groups and then convince them to invest in fraudulent projects or send their cryptocurrency to fake wallets. It's important to be cautious and do thorough research before joining any investment group on Telegram.
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• Colin LeeNov 16, 2021 · 4 years ago
  One way scammers exploit Telegram is by impersonating reputable cryptocurrency projects or exchanges. They create fake accounts that mimic the official ones and send messages to unsuspecting users, asking for their private keys or login credentials. It's crucial to always verify the authenticity of the sender before sharing any sensitive information on Telegram.
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• Md. abdullah Al MamunApr 10, 2025 · 4 months ago
  At BYDFi, we take the security of our users very seriously. We have implemented strict measures to prevent scammers from exploiting Telegram. We regularly educate our users about the risks associated with interacting with unknown individuals or groups on Telegram. Additionally, we have a dedicated support team that promptly investigates and takes action against any reported scam attempts on our platform.
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