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Be Careful Of Bitcoin/BTC Trading WhatsApp Groups Scam Alert (2022)

Be Careful Of Bitcoin/BTC Trading WhatsApp Groups Scam Alert Learn More

Be Careful Of Bitcoin/BTC Trading WhatsApp Groups Scam Alert

About Scam

Many WhatsApp groups are scamming people in the name of Bitcoin/BTC Trading.

We have seen many cases where first they add you to a Whatsapp Group with names like BTC VIP, WEALTH GROUP, etc.

Then there will be people who ask questions, and some analysts reply to them, and it looks legitimate.

But after some time, they will ask you to invest more every few days and promise to double it.

They start with a small amount like 50 USD to 100 USD and double your money, and then comes the scam.

And there are chances that they can force you to invest more, and you will lose your money.

BTC Trading WhatsApp Groups Scam Alert

Fall Continues, Bitcoin is now below USD 20,000

Please be careful and cross-check many times before investing 100 or thousands of dollars.

In the past four months, unidentified people have set up hundreds of WhatsApp groups and promised big returns on each crypto-investment

All these groups, with names like BTC Fortune VIPBTC Get Rich VIPBTC Contract VIP, and so on, have the same modus operandi and conduct their business with scanty company details and zero legal contracts.

In some of these groups tracked by Inc42, crypto investments worth $400-$500 happen every day.

Terabytes have been written about the modus operandi of major crypto scams involving BitconnectGainBitcoinOneCoin, and others.

And the latest in this space seems to be the WhatsApp scams with zero checks and balances.

India has become a hotbed of crypto frauds thriving on the messenger app, given the spurt in the number of users the country has added in the past 18 months and their questionable activities.

Except for these WhatsApp group scams, there are many other ways they are scamming people.

Like Text Messages, Calls, and Mails, they have a variety of schemes.

Ashish Agarwal, Founder at Bitbuddy, said to Mint, “Never fall for mining schemes; no such real business exists.

There are more than 5000 identified crypto assets around the globe.

Be Careful Of Bitcoin/BTC Trading WhatsApp Groups Scam Alert

Top Cryptocurrency Exchanges Will Not Advertise During IPL

 99% of them are scams. People have the common mindset, “Bitcoin is very expensive; let’s invest in some cheap price coins.

Please don’t consider just price; look at the maximum supply, circulated supply, market cap, last 24 hours transaction volume, the most important concept, and the team behind the coin.

Always be careful about whom and what you are investing the money for.

Be Careful Of Bitcoin/BTC Trading

Be Careful Of Bitcoin/BTC Trading WhatsApp Groups

Be Careful Of Bitcoin/BTC Trading WhatsApp Groups Scam Alert Learn More

Personal Experience

I was added to three WhatsApp groups called BTC Fortune VIP16_001BTC Get Rich VIP10_001, and BTC Get Rich VIP10.

Many of my colleagues were also added to similar groups, but the end numbers varied.

There was no initial conversation about why I was added to a group of unknown people or who was running those groups.

No permission was sought, either.

After speaking to my networks and colleagues, I realized that nearly 60% of them were part of such groups, and a few were added to more than three groups, each with a minimum of 100 members.

All these groups have similar names like BTC Get Rich VIPXXBTC Fortune VIPXXBTC Contract VIP, and so on, XX being the number that changed every time. And most of these groups are uncannily similar.

Although 95% of the cell numbers displayed on these WhatsApp groups are from India, some of them, including a few belonging to group admins, are from Hong Kong, Indonesia, the UK, and African countries.

Does Africa ring a bell?

Interestingly, almost all the help numbers listed by the so-called BTC investment analysts are Hong Kong numbers only.

On the face of it, it is as simple as ABC. After creating a group and adding hundreds of numbers, a person acting as a BTC investment analyst starts with a welcome note and then cuts to the chase.

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“Here, I will guide you on how to get more money.

Here is the bitcoin trading group of BTUW Investment Consultants Ltd.

In the next two days, I will share how to increase your wealth through bitcoin, let your wealth grow rapidly, and realize your wealth career.

Whether you are a novice or a veteran, you can carefully observe the group information. Because this can bring you profits.”

Soon after, a small group of four-five people will start discussing BTC 101 (basic information like what it is and how to make money) and start acting like cheerleaders within a few minutes.

After a short span, the ‘analyst’ comes to the point and details how to set up a bitcoin contract investment.



Be Careful Of Bitcoin/BTC Trading Be Careful Of Bitcoin/BTC Trading Be Careful Of Bitcoin/BTC Trading

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BTC Trading WhatsApp Groups Scam Alert

11 thoughts on “Be Careful Of Bitcoin/BTC Trading WhatsApp Groups Scam Alert (2022)”

  1. Hi i have traded in BTC PREMIUM group vip name they are cheater
    1 They ask initial amount of 100USDT after they vl ask to increase funds for more profit
    2 One person name Mr Tony vl be introduced he is intermediate analyst more expert where no loss in trade
    3 People in group get excited and join the group where minimum investment is 3000USDT
    4 They. Vl float a contract if breached your amount vl be considered as liquidated damage
    5 So in between trading started they again ask to increase the funds otherwise like breach of contract
    6 When profit plan is successful completed they ask to pay 30% tax as per India government and 20% commission and tariff before withdrawal
    6 So you end up paying sum amount by negotiating
    7 Finally those people stops responding
    Like Senior assistant Cathy, Assistant Gloria, Assistant Doris Junior analyst and Great Mr Tony
    Below is website https://www.1slr.com/mobile/#/trade
    https://www.266w.com/mobile/#/login
    https://chat.whatsapp.com/GR2Oe2VYIkI9zDyyGZvuSJ

    Reply
  2. Sono stato vittima di una truffa simile e sono stato truffato da una piattaforma di opzioni binarie che ho perso circa $ 141.000,00 a causa loro. È stato un periodo davvero difficile per me perché era tutto ciò che avevo. Non fino a quando non sono stato indirizzato a Lallroyal .org che è esperto nel recupero dei fondi persi da qualsiasi truffa online o di investimento. Per farla breve, li ho provati e mi hanno aiutato con successo a recuperare tutto ciò che avevo perso Dalla piattaforma, sono rimasto scioccato perché non riuscivo a credere che fosse possibile e la gente mi ha detto che non potevo recuperarlo. Sono felice di riavere il mio e anche tu puoi sperimentare la compagnia.

    Reply

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