German man loses 400k GBP about $500k in Twitter Bitcoin scam
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Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#2Assuming you have a defective moral compass, is there any reason to not run this scam. Easiest $ ever. Twitter nor law enforcement can do anything. The same guys doing it over and over. You can run this scam and make an easy $50-200k with some twitter posts and then use the $ to pay off the mortgage or student loans, or take a cruise, buy a luxury car or whatever. no one would know if you mix the coins before cashing them out, not that law enforcement actually cares.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#3> There was a timer counting down, and the website promised participants that they could double their money.
It is amazing how people fall for these scams.
They seem to forget the time tested truth which is "if it sounds too good to be true then it ain't".
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#4Assuming you have a defective moral compass, is there any reason to not run this scam. Easiest $ ever. Twitter nor law enforcement can do anything. The same guys doing it over and over. You can run this scam and make an easy $50-200k with some twitter posts and then use the $ to pay off the mortgage or student loans, or take a cruise, buy a luxury car or whatever. no one would know if you mix the coins before cashing…
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Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#5> Sebastian double-checked the verification logo next to Elon Musk's name, and then tried to decide whether to send five or 10 Bitcoin.
This is a vulnerability in Twitter's verification policy that Twitter refuses to fix. Originally, verification was supposed to mean "this person is who they say they are". But once an account is verified, you can change the name/profile picture to someone else. So hackers get access to minor verified accounts, change the profile to match Elon, and then they have a "verified" Elon Musk account to scam with.
Twitter could fix this tomorrow by requiring that verification be tied to the name you got verified with, and if you do need to change your name you go through an (expedited) re-verification process. That doesn't seem like a lot to ask considering what "verification" is supposed to mean, and what (as evidenced by this article) users of the site take it to mean.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#6If he thinks he feels bad today he's gonna hate how he feels later.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#7I don’t understand how you can be tech savvy enough to send and (not?) receive Bitcoin but stupid enough to fall for this...
EDIT: Thinking about it, it's technically difficult see the difference between Bitcoin (which will continue to be worth more) and other get rich quick schemes that may not have the same chance of success and directly being conned for money by people.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#8More people need to play Old School RuneScape and fall for money doubling scams so they know to avoid them in real life.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#9This is a problem across all social media. The number of Instagram/Twitter scams you come across every day is astounding. The only explanation that makes any sense is that the social media companies want the increased user engagement metrics from the bots.
Re: German man loses 400k GBP about $500k in Twitter Bitcoin scam
#10This is a terrible scam, but I am astonished by the frivolity with which people would move life-changing amounts of money into something with absolutely no due diligence. When I took on a financial advisor I verified their identity with the govt regulator, verified their written bank details over the phone, and then verified those details with my bank before I even considered sending a single penny. Even then I sent a small test amount, and waited for a written receipt before sending anything more. To dump 500 grand into something you heard about 10 minutes ago on Twitter seems beyond ridiculous to me. This is an amazing example of the old adage “a fool and his money are easily parted”.