A new crypto scam has appeared and this time it does not involve Elon Musk nor any Nigerian Prince. Jon Moore, known as the CEO of Tech Support, and the Litecoin Foundation’s John Kim have recently found a scam in which the criminals try to impersonate the founder of Litecoin, Charlie Lee.
This is a scam!! Please spread the word!! Decentralized Cryptos need the community to spread the word to save people from scams!! Litecoin. Ltc Event – Broadcast Ltc coin price, news, prediction by Charlie https://t.co/1yDKX9npLs via @YouTube
— Jon Moore (@jonnylitecoin) November 14, 2019
According to them, the scammers are asking people to deposit LTC in his account as an “entry ticket” which costs 300 USD. The idea is that there is a giveaway of 50,000 LTC happening. People can send 5 LTC and they will receive 50 LTC back. The more money you send, the more “bonuses” you’ll get.
Fortunately, there are several obvious signs that the scammers are not really to be trusted. They used bots to fake the number of subscribers and have terrible English spelling, but some people, especially from non-English speaking countries, can possibly be fooled by them. They also liked several cartoon videos in Portuguese and have a very low number of views in their videos.
Giveaways are generally ways to promote new coins, not something people do with old-school tokens such as Litecoin. Also, they generally never ask you to invest anything before you can get your money.
If a giveaway is asking you to donate money before you can get a prize, you should be aware chances are that a scam may be happening are high. Scammers are everywhere these days, so it is a good idea to avoid any kind of suspicious project.