As Bitcoin and other digital assets gain popularity among investors, governments, and institutions as potential reserves, the crypto space continues to grow. Unfortunately, so do scams. One common type of fraud involves unsuspecting investors being added to WhatsApp or Telegram groups. These groups are run by people pretending to be experts, using titles such as professor, advisor, or assistant.
If you’ve been scammed on WhatsApp involving USDT or Bitcoin, you’re not alone. Here’s an example of how these scams work and what steps you can take to recover your funds.
A company referred to here as Company A, approached an individual through WhatsApp with a job offer. The role involved “reviewing products” and earning commissions based on sales. Initially, the job appeared legitimate, with daily funding of $50–$100 and commissions sent in cryptocurrency.
The Scam Unfolds
The victim was eventually removed from the WhatsApp group of about 50 members, who also claimed to be “sellers.” Later, another person attempted to scam the victim using the same tactics, indicating it was part of a larger operation.
If you’re in a similar situation, here’s how to determine if you’re being scammed:
If you’ve already fallen victim, here’s what you can do to try to recover your funds:
By following these steps, you can minimise your losses and avoid falling for similar scams in the future. If you suspect you’re being scammed, act quickly to protect yourself and report the incident to the proper authorities.
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