Hi there! All of you know, that crypto community is essentially concentrated in such messenger, as Telegram. It’s not a big surprise actually. Telegram itself was developed as a highly secure messenger and blockchain also has a high-security level. These factors made this alliance possible and strong. Absolutely all projects, which are going to launch an ICO has their own telegram channel or chat to communicate with their followers and supporters. The problem faced by such projects is — scammers.
Scammers are people who try to take your money using the name of the project group or admins. It’s not a problem to create an account with a desired displayed name and join to different ICO chats, where potential investors are sitting.
To help you to better understand how it is going, let’s look at the real example.
We at ICOguru are constantly doing investments in ICO projects and of course, we’re using chats in the telegram. Now we’ll show you one of our real-life cases.
It was on 24th of January and we were looking at Scorum project to make a decision whether to invest or not. We’ve checked all official documents and information from open sources, so it was time to start looking over their social network activity and we’ve started from telegram. We joined to the official Scorum chat in this messenger (link is available at their official website) and within 2 minutes received a message from the user with hidden username (don’t know how it can be hidden, btw. If you know how to do this say in comments) but displayed name was SCORUM_SUPPORT (currently this account has different name. you’ll see it on screenshots. Have a look at the first half of our discussion:
As you can see, this scammer was very gentle, This is the 1st red flag. If someone is trying to convince you to buy tokens and do it kindly and insistently, you should double or even triple check that he or she is legitimate to talk on behalf of the project.
The second thing, you should do is to ask him about payment method. If you’ll receive a wallet address — remember it’s 100 % scam. All projects have developed their websites with a functionality of personal spaces for investors and they will not provide you with a wallet address in private message. Even if they do, you should remember, that project should use Smart Contract address (this detail could be found on the etherscan.io). If the project using personal wallet address it also could be a scam, but here we won’t discuss how to detect scam projects.
He or she has waited for one hour and made another attempt to convince me to buy fake scorum tokens operating the fact that bonus will reduce and I will be late. At that moment, I knew already that I’m talking with a scammer and latest part of the dialogue was just a joke for me and work for he/she.
Scammer provided me with the wallet address and I’ve checked it on etherscan. It was empty and has no transactions at all. After that, I contacted with an official support of Scorum project and told them about this accident. They said that this is not rear and already a lot of people sent their money to the different type of scammers.
There is no working algorithm to prevent such accidents in the telegram, so people should do it on their own. We want to say that if you’re going to send your own money, you should double check everything about this guy and about the project itself.
REMEMBER: Do not send money to the wallet addresses provided to you within personal messages!!! All legit projects have their address listed ONLY on their official website and to prevent fishing, check the address of the website in your browser and SSL certificate availability!
P.S. Several days later, I’ve checked that wallet address and found out that someone had sent 2 ETH to this scammer “Kate” and he/she has successfully withdrawn it an hour later… Be aware of such people and remember that no one will bring your money back in such cases.