The scam started with an investment opportunity in a cryptocurrency project that promised high returns. The website and social media channels looked professional, and the team seemed responsive to my questions.

They offered a rebate on my initial investment, which I received promptly. However, soon they asked me to invest more, promising even higher returns. I was skeptical, but they showed me fake profit statements and convinced me to invest again.

Next, they asked me to make a 'security deposit' to 'activate' my account and unlock higher returns. That's when I realized something was off. The deposit was supposed to be a small amount, but they kept asking for more and more. I tried to withdraw my funds, but they disappeared with my money.

Looking back, I realize that the rebate was just a tactic to gain my trust, and the requests for more investment and security deposits were all part of the scam. The scammers used high-pressure tactics, creating a sense of urgency and fear of missing out (FOMO) to manipulate me into investing more.

Some red flags I missed at the time include:

- The project's website and social media channels were newly created and had very few followers

- The team members' profiles seemed fake, with no verifiable information or credentials

- The project's whitepaper was vague and lacked technical details

- The promises of high returns were unusually high and seemed too good to be true

By sharing this detailed account of the scam pattern, I hope to help others recognize the tactics used by scammers and avoid falling into the same trap.

#ScamRiskWarning #Megadrop