SOS Scam alert Do not fall for this TRX tron scam

in Project HOPE4 years ago (edited)

alert.jpg
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Do not fall for this TRX Airdrop scam !!!

airdrops are almost always welcome

If you are in crypto then you must be aware of the the idea of a crypto airdrop.

Either you sign up for an airdrop or based on the crypto you hold you are airdropped some tokens or coins.

The latter is a convenient way of getting an airdrop. It is passive and easy money you may say.

However it has also become the modus operandi for a con or a scam.

Ever wondered how a harmless passive crypto airdrop can harm you?

As at the end of the day an airdrop is some passive money sitting in your wallet.

Let us check the way the scam works

If you have some TRX tron then you are the likely target of one such scam
So let us start by checking your wallet address using a site like https://tronscan.org/
Enter your wallet address and if you have some substantial balance of trx then you are likely to see some additional tokens like
Aave
InstSwap

Uniswap and the list goes on

alert1.jpg

Try to spot large number of coins or tokens airdropped or the value of airdrop being a few hundred or more USD.

If you are wondering what is wrong with these airdrops then let us take instswap

click on the token link and it takes you to the token page
https://tronscan.org/#/token/1003695
Its website link is https://www.instswap.com/

  • A Project which airdrops you with 700 tokens worth hundreds of USD with a single page landing page site.(Looks fishy)
  • No project details and no team no whitepaper (Looks fishy)
  • No social media links
    If you were to open the site (Please do not trust such sites as they can have scripts running in the background)

The homepage is a trap

inst.jpg

The homepage shows the value of inst token as 34.67 TRX
So if you have received 700 tokens the value would be 700 X 34.67= 24269TRX
Now at $0.02824 per trx this works to about $685.35656 of free money.
If you are happy and want to convert it to TRX BTC or any other crypto then you are likely to click the Swap INST token
or Clain Free INST token

Beware both these buttons are a trap

The moment you click on these buttons, the page would attempt to connect to your trx wallet and if successful would ask you to sign a message using your wallet.
In this process it would transfer TRX from your wallet and you would be duped.

Beware of such scams

Here I have named a few tokens however these are only a few names every day the scammers dump the old sites and start new ones as it is easy to create and bulk send zero value tokens on this blockchain and scammers are using this trick

Do a search for the token

Before you hit the swap or Claim button DYOR by searching for the token name .
Chances are someone may have raised a red flag.

Please share this post to spread the word

Also information is the only shield we can use to guard and protect our crypto

Please take action

Guys this is serious. Please spread the word. Share this post so that we can protect people from such scams.

cc:
@gandhibaba,
@majes.tytyty,
@uyobong,
@reinaldoverdu,
@ajewa,
@oluwatobiloba,
@josediccus,
@vlemon,
@awah,
@alexcarlos,
@besticofinder,
@ritxi,
@deathcross,
@futurekr,
@mojubare,
@ojerinde,
@frederickbangs,
@eni-ola,
@ben-edom,
@ireti,
@papa-mensa,
@mikitaly,
@sumit71428,
@akdx,
@bhoa,
@belemo,
@qsyal,
@busted1,
@tolustx,
@resiliencia,
@great-a,
@mccoy02,
@tocho2,
@gifxlove,
@lavanyalakshman,
@rarej,
@foxicoreviews,
@knowledgefruit,
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@thetimetravelerz,
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@thetimetravelerz - Very helpful article for scam alert on Tron/TRX Ecosystem. And million thanks to @crypto.piotr for notifying me on this valuable post.

Have a super great day.

Thanks @andyjim for reading my post and making a comment
I am encouraged to make more post and bring more useful content.
Thanks for stopping by

Great post... i actually know about it after @crypto.piotr send me a memo!
I was really wondering what's the deal with all this TRC10 tokens, as i notice that my TRX wallet is keep on adding them...
By the way; this is the way my TRX wallet looks like:

TRC10.png

As you can see i have the following: Aave (Aave), HostKIO (KIO), IPShare (IPS), InstSwap (INST), MBOXSwap (MBOX), NewYearGifts (NYG), PeerCash (PEER), UnicSwap (UNC)

Now the million dollar question... are all this tokens SCAM?

Good million dollar question. My simple answer in case they are offering a single page site which takes away your own trx in the name of doing a swap. generating a referral link or giving you an airdrop claim then it looks like a big YES
Alternatively you can check if any of these tokens start trading on a genuine exchange. If so they are a genuine token

Why does everything have to be so scammy...

 4 years ago 

Thanks for dropping by @georgemales

ps. I've noticed that you're posting about crypto sometimes. Consider posting within our PH community:
https://steemit.com/trending/hive-175254

Cheers, Piotr

Thanks a lot for the invitation @crypto.piotr!
I have subscribe for Project HOPE... In the near future i will post for sure within PH community, for the moment as my schedule is extremely busy i will support the posts with upvotes.
By the way... really great and interesting posts in PH community!🏆
Wish you a great week end!

Hi, I see this is a rather old post, just checking.
Do you still have any of those SCAM tokens? I try to collect them and I am interested in getting some of what you have.

Thanks for sharing this article. Discusses very important facts. I must say I have earned lot through airdrops. And every one in this industry have earned lot through various air drops. But true there are lot of scams and hacking attempts coming with a face of an air drop.

A Project which airdrops you with 700 tokens worth hundreds of USD with a single page landing page site.(Looks fishy)
No project details and no team no whitepaper (Looks fishy)
No social media links
If you were to open the site (Please do not trust such sites as they can have scripts running in the background)

Any one who consider the factors you have mentioned will be safe. Thanks again.

Yes dear @besticofinder indeed there are so many opportunists that we can make use of via airdrops. Yet there are pitfalls that we must protect ourselves from
Take care and thanks for your support

 4 years ago 

Thanks for sharing link to this publication with me @thetimetravelerz

I resteemed it already and will share with wider audience today. Appreciate your warning.

ps. Check out my recent post. Hopefully you will find it interesting and worth your time. Link here.
Stay safe,
Yours, Piotr

I got your message and have resteemed this post

Thank for your support and resteem buddy @crypto.piotr my mission for 2021 is to protect all our community from scams and share with them opportunities where they can earn some extra crypto and support their families and I would keep working towards it
Thanks again for your support

Dear @crypto.piotr I have read you post and commented and also resteemed it to extend its reach.

 4 years ago 

Appreciate it @thetimetravelerz

There is a phrase that says:... when the alms are great, even the saint distrusts...

We have to be clear that nothing is free, that everything costs work and requires that we study, that we train ourselves and that we take perspective of where we stand, where we want to go and how we want to get there.

Generally the fastest roads are the riskiest and we can lose everything in the blink of an eye.

Thank you very much for the information you have shared.

Translated with www.DeepL.com/Translator (free version)

There is a phrase that says:... when the alms are great, even the saint distrusts...]

That is well said and very true please take care and thanks for stopping by and for your support.

Thanks for the heads up. I've been 'had' before on such ridiculous scams in the past. All it takes is being too busy to think right and to click the stupid button, after which...you think "oops!" but it's too late.
There's no such thing as an AIRDROP on steemit, I suppose. No such thing as "free money" either. Keep this in mind.

Thanks again for posting awareness @thetimetravelerz

 4 years ago 

hi @gungho

I've send friend request to you via Discord a while ago. Consider accepting it :) I would like to reach out to you and be able to DM you if possible.

Yours, Piotr

@thetimetravelerz, thank you so much for sharing this article.
@crypto.piotr thanks for informing me about this important post.

This post is very important. Many thanks to @crypto-piotr for informing me about this post.

And thanks to @thetimeravelerz for making this post.

Thank you so much for bringing this our attention, this post will go a long way in shielding unsuspecting steemains from getting scammed. Thanks so much.
Voted and Resteemed

Scams are becoming more and more sophisticated. and users are deceived a lot. Once you let your guard down, your money turns into bad guys' money.
The common points of these scam projects are mainly the following points:

  • Request a money transfer fee to receive free coins
  • Requires wallet link to be authorized to exchange and receive funds
  • An unbelievable interest rate promise in a short time.
  • Projects similar to the Ponzi project. Find out what a Ponzi project is, it will give you the sanity you need.

Always be on the alert!

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