With the onset of the “ember” months, a period traditionally associated with a rise in internet fraud, it is imperative to exercise caution and vigilance.
A recent account shared by an individual serves as a stark reminder of the scams that can lurk around us. The account unfolded within a Telegram group or channel bearing the alluring name “make money online.”
In this group, an individual using the alias Eric Boateng presented an elaborate scheme on how to supposedly earn money through a cryptocurrency app known as Trust Wallet.
The process entailed downloading the Trust Wallet app, entering specific phrases, and selecting USDT. Participants were then instructed to log out and log back in, revealing a mysterious $1200 windfall in their wallets. To complete the operation, they were directed to download another exchange app to facilitate the cashing out of these illusory funds.
While the victim recognized Eric Boateng as a scammer, they decided to engage with him to uncover more information. Yet, when they attempted to transfer the fictitious money to their account, they encountered an “insufficient balance” message.
This raised a poignant question: how could they have $1200 in their wallet while being unable to withdraw it? Seeking an explanation, they were met with a demand for a payment of N15,000 to enable the cashing out.
The scammer operated under the name Lateef Jamiu Adewale on his account, while on Telegram, he went by the name Boateng.
In response to this demand, the victim delivered a resolute rebuke to the scammer and took the necessary step of blocking him.
It is crucial to be aware of the modus operandi typically employed by scammers in Trust Wallet and crypto wallet scams:
1. Scammers present counterfeit balances on crypto apps, exploiting platforms where displayed balances can be manipulated.
2. They collaborate within a network of scammers who furnish counterfeit testimonials within Telegram groups or channels, operating as a collective.
3. Individuals may be involuntarily added to these groups or channels without their consent.
4. Once a victim falls into their trap, they are initially required to make a small payment.
Subsequently, they are coerced to increase the amount to enable immediate cashing out. In a bid to extract more, the victims are told that the amount can be doubled or tripled, but only if they provide larger payments.
When scammers recognize they can no longer extract further funds, they resort to blocking the victim and move on to their next target.
It is paramount to remain vigilant, exercise caution, and safeguard your financial security.
Details of Scammer:
Account Name: Lateef Jamiu Adewale
Account Number: 2092881383
Bank: UBA
Source: Nairaland / Truthwords
