What are the most common crypto scams on Telegram?

7 answers

• BobTheCoderApr 25, 2025 · 4 months ago
  Certainly! One of the most common crypto scams on Telegram is the 'giveaway' scam. Scammers impersonate well-known individuals or companies in the crypto industry and promise to give away a large amount of cryptocurrency to anyone who sends them a smaller amount first. However, once the victims send their funds, the scammers disappear, leaving them empty-handed. It's important to remember that legitimate giveaways never require participants to send money first.
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• Michael MiMar 21, 2024 · a year ago
  Another common scam is the 'investment' scam. Scammers create fake investment opportunities and promise high returns in a short period of time. They often use fake testimonials and misleading information to convince people to invest their money. Once the victims send their funds, the scammers vanish, leaving them with nothing. It's crucial to thoroughly research any investment opportunity and only trust reputable sources.
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• Dr Ibrahim MhamoudFeb 11, 2023 · 3 years ago
  As an expert in the crypto industry, I can tell you that scams on Telegram are unfortunately quite prevalent. One of the scams that I've come across is the 'phishing' scam. Scammers send messages pretending to be from legitimate cryptocurrency exchanges or wallets, asking users to provide their login credentials or private keys. Once the scammers obtain this information, they can gain access to the victims' accounts and steal their funds. It's important to always verify the authenticity of any message received on Telegram and never share sensitive information.
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• HomieFeb 22, 2023 · 2 years ago
  Crypto scams on Telegram are a serious issue that users need to be aware of. One of the scams that I've encountered is the 'pump and dump' scam. In this scam, scammers create groups or channels where they promote a particular cryptocurrency as the next big thing. They convince people to buy the cryptocurrency, artificially inflating its price. Once the price reaches a certain level, the scammers sell their own holdings, causing the price to crash and leaving other investors with significant losses. It's crucial to be cautious of any investment advice or recommendations received on Telegram.
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• Antonio PoncianoAug 24, 2020 · 5 years ago
  The most common crypto scams on Telegram are those that prey on people's greed and lack of knowledge. Scammers often promise unrealistic returns or free cryptocurrencies to lure in victims. It's important to remember that there are no shortcuts to wealth in the crypto industry. Always be skeptical of any offers that seem too good to be true and do thorough research before making any investments.
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• Roburt MpoMar 10, 2023 · 2 years ago
  Crypto scams on Telegram are a real problem, and it's unfortunate that many people fall victim to them. One of the scams that I've seen is the 'fake airdrop' scam. Scammers create fake airdrop campaigns, where they claim to distribute free tokens to participants. However, in order to receive the tokens, participants are required to send a small amount of cryptocurrency as a 'gas fee' or 'transaction fee'. Once the victims send their funds, the scammers disappear, and the promised tokens never materialize. It's important to be cautious of any airdrop campaigns and only participate in those organized by reputable projects.
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• PatereAug 11, 2020 · 5 years ago
  As a cryptocurrency enthusiast, I've come across various crypto scams on Telegram. One of the scams that I've encountered is the 'crypto mining' scam. Scammers offer cloud mining services, where they claim to mine cryptocurrencies on behalf of investors. They promise high returns and guarantee a certain amount of daily profits. However, once people invest their money, the scammers stop paying out and eventually disappear. It's crucial to only invest in legitimate mining operations and do thorough research before trusting any mining service on Telegram.
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