Friday, September 25, 2020

Scam alert: Scammers promoting fake TON offering on Facebook

The Takeaway:

Scammers are promoting a fake offering of Telegram's soon to be launched cryptocurrency Gram on the social media platform Facebook. The fake advertisement with the picture of Telegram CEO Pavel Durov is taking round on Facebook in Russia.

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Scammers are luring in people to invest in a fake public offering of Telegram’s cryptocurrency Gram via advertisements on Facebook. The advertisements claim to provide investors a quick way to get daily income. The amount scammed so far is unknown. 

Telegram raised over $1.7 billion last year in its ICO for its cryptocurrency Gram, which is supposed to launch by the end of next month. A Russian news outlet reported that an advertisement for crypto earnings started to takin rounds with the picture of Telegram CEO Pavel Durov. 

The advertisement leads to a website whose design is disguised as RBC, a popular Russian news website. A video on the website explains a unique scheme to earn daily income. The website also contains a form for registration for a fake TON platform which requires users to put their personal information including an email address and phone number.

The website claims users can earn up to 15 thousand Russian Rubles per day after registering. The scammers are trying to exploit the anticipation among investors as Telegram’s cryptocurrency is among the most awaited project. It is highly advised to report such scams. Let us know in comments how do you think these scams can be curbed down?

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Glenn Harper
Glenn Harper
Glenn has only two interests: Bitcoin and Aviation. After completing his graduation from San Diego State University in 2006, Glenn started working in the airlines and aviation industry. Aviation was his only passion before he came to know about bitcoin in 2012 after which he decided to dedicate 8 hours of his day for aviation and 8 hours for learning and writing about bitcoin and the technology behind it. Glenn lives with his wife and a 7-year-old son who mines ethereum on his computer and is also quite passionate about cryptocurrencies.

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