🚨 WARNING: FAKE TOKEN SCAM! CRYPTO USERS, PLEASE BE ALERT!
Recently, a sophisticated scam has emerged in which scammers use fake tokens alongside real USDT transactions to gain people’s trust. This makes users believe that the tokens they hold are valuable and can be exchanged for USDT on a trading platform.
How does the scam work?
1. Approaching victims with promises of attractive returns
Scammers contact users via Telegram, Zalo, or crypto events, promote a new token project, and ask users to help provide liquidity in exchange for profits.
Example: Send 1 real USDT and receive 2 tokens with names similar to USDT.
2. Building trust with real transactions
Scammers instruct victims to deposit fake tokens into a trading platform.
At the same time, they secretly transfer an equivalent amount of real USDT to the victim’s deposit address, making it appear that the account has received USDT.
This leads victims to believe that the platform has accepted the fake tokens and successfully converted them.
3. Gradually increasing the transaction amount
After a few small test transactions of around 5–10 USDT, scammers encourage victims to increase the amount to 100, 200, or even thousands of USDT.
Once victims trust them and transfer a large amount, the scammers steal the funds and cut off contact.
⚠️ IMPORTANT REMINDERS
- A token appearing in your Web3 wallet does not mean it has been verified, listed, or guaranteed to have value.
- Do not judge a token solely by its name, icon, or displayed balance.
Recently, a sophisticated scam has emerged in which scammers use fake tokens alongside real USDT transactions to gain people’s trust. This makes users believe that the tokens they hold are valuable and can be exchanged for USDT on a trading platform.
How does the scam work?
1. Approaching victims with promises of attractive returns
Scammers contact users via Telegram, Zalo, or crypto events, promote a new token project, and ask users to help provide liquidity in exchange for profits.
Example: Send 1 real USDT and receive 2 tokens with names similar to USDT.
2. Building trust with real transactions
Scammers instruct victims to deposit fake tokens into a trading platform.
At the same time, they secretly transfer an equivalent amount of real USDT to the victim’s deposit address, making it appear that the account has received USDT.
This leads victims to believe that the platform has accepted the fake tokens and successfully converted them.
3. Gradually increasing the transaction amount
After a few small test transactions of around 5–10 USDT, scammers encourage victims to increase the amount to 100, 200, or even thousands of USDT.
Once victims trust them and transfer a large amount, the scammers steal the funds and cut off contact.
⚠️ IMPORTANT REMINDERS
- A token appearing in your Web3 wallet does not mean it has been verified, listed, or guaranteed to have value.
- Do not judge a token solely by its name, icon, or displayed balance.