Please UPVOTE & RESTEEM, So Everyone can See This Post About The Pump&Dump Scam Groups. (Telegram Screenshot Below)
A Friend was scammed today. He is new to crypto and Naive enough to fall into This "Pump Scam" on Bittrex Exchange.
How The Scam Works:
- So, These people (Scammers) lure you into a Telegram App. Then They Keep Bragging how they pumped coins in past &
How They will announce the new coin that will be Pumped.
(Ofcource there is no way to verify this, Because the comments are disabled in Group - Only Admin can Post)
They encourage you to participate in Pump on Bittrex Exchange - Promising 1000-2000% Returns (Inducing Greed).
Fake Screenshots are added in Group. Admin Posts screenshots of - People saying they will Jump on the Coin instantly (Creating Urgency)
Finally On a Given Day, Time - a Coin is announced.
People Jump on it and buy it blindly, without verifying coin's history & past prices (Due to Greed & Sense of Urgency) - so a Coin that may cost a few cents, is actually sold of upto $50Then the victim realized, There is no pump. They've been CONNED into Buying The Scam Coin for 50x The Price.
This is Partly Victim's fault, low of newbies around. (So the admin of such pump groups sold you a Shitcoin for 50 Times it's price, because there were no trades... and the High Asks on BIttrex were done by the Admin Itself)
Help me expose this SCAM. The Next Victim Could Be YOU!
UPVOTE, RESTEEM & FOLLOW - To Help Me Expose This Scam.......
