Scam Watch: Crypto Classes and headline coins

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(Edited)

▶️ Watch on 3Speak


I'm today's episode we talk about the importance of online safety and the various ways that scammers pray on unsuspecting people. Many of which are new to the sector and wanting to do well are roped into "Crypto Classes" that offer 100% success rates on the "Next" Coin or what is referred to as Pump Signals.

these so called "Educators" spend months grooming new users building up a following and a new group of people to scam. while they're giving you "Free" classes they're buttering you up to rob the group. for months they've been purchasing a low cap token and then once they have enough people they release the details and tell everyone to buy it as it's going to Pump.

As you're buying in, they're selling and taking your money setting of a snow ball effect on the market.

The other scams are people churning out new tokens based on recent mainstream media news such as Facebooks name change Meta.

they work in syndicates or have multiple accounts to give the impression that their operation is legitimate when it's sole focus is grooming you and taking your money.


▶️ 3Speak



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4 comments
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The pump and dumps can't really happen without the liquidity because the price would just tank and they wouldn't make money. So they need to force either FOMO or news in order to get new people to buy in and let them get out. I do think it's a big issue though since everything is unregulated.

Posted Using LeoFinance Beta

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Yup, correct. Which is why it is a long game and they tend to purchase and build their bags months in advance ready for the pump signal and as it is going up they are dumping.

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