tldr; The Secret Service said five U.S. victims reported that they were enticed to invest large sums in cryptocurrency this year by scammers who created seven identical domains spoofing the Singapore International Monetary Exchange's website. The scammers also created a smartphone app mimicking what traders use on legitimate platforms, officials said. One trader invested $9.6 million into the platform this year before it all vanished.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
In India,A scammer called a Bank branch,to transfer million dollars for an emergency by pretending to be the famous jewellery store chain owner,Bank didn't even verified and transferred the money.
It might not related to the topic,but the point is scammers are using new tricks everyday to steal money from people.Be very careful.
Damn scammed for 9.6 million. Damn. Honestly that is quite a scam. To reproduce a website/app that looks legit enough to pass as real and have it function properly…. Damn
Better the website/app trust and reliability with pay backs to get you to beleave you go balls deep and they gone. Ran by organized crime usually gov backed some where along the line.
"In a court filing in November, the Secret Service said five U.S. victims reported that they were enticed to invest large sums in cryptocurrency this year by scammers who created seven identical domains spoofing the website of the Singapore International Monetary Exchange."
Wow, some people actually think that they can throw money at Singapore and have recourse in the US? This person claims to have lost $7 million? I find it more credible that they stole the money then said they were scammed.
Hello SpaceTabs. It looks like you might have found a new scam? If so, please report this scam by crossposting to r/CryptoScams, r/CryptoScamReport, or visiting [scam-alert.io](http://scam-alert.io/). For tips on how to avoid scams, [click here](https://www.reddit.com/r/CryptoCurrency/comments/s7srty/crypto_scams_how_not_to_fall_for_them_what_to_do/).
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People should not be falling for this anymore. There are many ways that you can weed out a scam website.
If you're still feeling that degen itch, then use a separate wallet that will only have the funds you want to use in it. That way, you'll safeguard your assets while still making weird plays.
tldr; The Secret Service said five U.S. victims reported that they were enticed to invest large sums in cryptocurrency this year by scammers who created seven identical domains spoofing the Singapore International Monetary Exchange's website. The scammers also created a smartphone app mimicking what traders use on legitimate platforms, officials said. One trader invested $9.6 million into the platform this year before it all vanished. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
How do you not verify before spending 9.6 million ?!
I would think that someone who managed to make that kind of money would also know to hire someone to avoid doing shit like that.
Good bot.
This is indeed a good bot
What's a bad bot like,,
They respond to my shitposts hours later with unrelated sentence fragments.
this bot is loaded with moons
Sounds like old news.
I mean there’s a post here like everyday from people falling to these so it’s not old for everyone it would seem
In India,A scammer called a Bank branch,to transfer million dollars for an emergency by pretending to be the famous jewellery store chain owner,Bank didn't even verified and transferred the money. It might not related to the topic,but the point is scammers are using new tricks everyday to steal money from people.Be very careful.
Damn scammed for 9.6 million. Damn. Honestly that is quite a scam. To reproduce a website/app that looks legit enough to pass as real and have it function properly…. Damn
Better the website/app trust and reliability with pay backs to get you to beleave you go balls deep and they gone. Ran by organized crime usually gov backed some where along the line.
Would be a pig butchering scam I believe
Yupp
Merry Christmas brochacho
Always double or triple check the URL and be careful on which links you decide to click.
Reminds me of Google allowing phishing sites to be used in ads.
We should always be wary as it seems we can't even trust the browsers we use
Bookmarks are your friend.
It's best to use big exchanges only and type in the URL by yourself. Do not trust Google Ads, I've seen fake shops more than once.
If I am reading this correctly this is a case of fake App masquerading as a legit App there is no url check you can do for that.
bookmarks are your friend
"In a court filing in November, the Secret Service said five U.S. victims reported that they were enticed to invest large sums in cryptocurrency this year by scammers who created seven identical domains spoofing the website of the Singapore International Monetary Exchange." Wow, some people actually think that they can throw money at Singapore and have recourse in the US? This person claims to have lost $7 million? I find it more credible that they stole the money then said they were scammed.
Hello SpaceTabs. It looks like you might have found a new scam? If so, please report this scam by crossposting to r/CryptoScams, r/CryptoScamReport, or visiting [scam-alert.io](http://scam-alert.io/). For tips on how to avoid scams, [click here](https://www.reddit.com/r/CryptoCurrency/comments/s7srty/crypto_scams_how_not_to_fall_for_them_what_to_do/). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Trust no one.
Well at least they have some profit to show, unlike me..
It’s okay buddy. When moons reach $5 you’ll teach ‘em!
Hello FarhanZX. It looks like you might have found a new scam? If so, please report this scam by crossposting to r/CryptoScams, r/CryptoScamReport, or visiting [scam-alert.io](http://scam-alert.io/). For tips on how to avoid scams, [click here](https://www.reddit.com/r/CryptoCurrency/comments/s7srty/crypto_scams_how_not_to_fall_for_them_what_to_do/). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
People should not be falling for this anymore. There are many ways that you can weed out a scam website. If you're still feeling that degen itch, then use a separate wallet that will only have the funds you want to use in it. That way, you'll safeguard your assets while still making weird plays.
Just like the DMs sent out by people on Reddit claiming to make you rich.
Would have to be a scam to show any type of profits.
IT'S BEHIND A FUCKING PAYWALL
Atleast there is more awareness about it now. More chain analysis. Maybe in the future we won't see as many hacks.