Cryptocurrencies are Coming to one of the Most Popular Social Networks

Telegram is a nest for cryptocurrency investors. On this platform, various enthusiasts from around the cryptocurrency world are dedicated to generating massive sets in which they have the opportunity to see alleged offers to invest in crypto assets in exchange for gigantic profits. But be careful, they can be scams. We tell you how some of these teams use alleged investment platforms posing as real organizations. They also have links with invitations to sign up that are reminiscent of pyramid schemes and transactions that blow money from one place to another until they lose track.

In this messaging network, it is common to receive private messages from strangers offering us to invest in “very profitable” cryptocurrencies. They then integrate without our permission into teams with thousands of individuals where they encourage us to participate, leave our money and brag about our income. However, sometimes we hear of scammers promising “quick wins” through cryptocurrencies to keep our money.

Teams with miles of members bragging about “profits made” through the pooling procedure

The dynamic is the same in all of the ones we have seen: they tend to be groups from all over the world with a clear call in their title for investments in cryptocurrencies. The regular thing is that the baton is taken by the administrator of the group. Between one and two times a day, send regarding how to proceed in the investments, and it is also the one that, in theory, enters the income. Sometimes, you need us to register on a cryptocurrency platform, such as Coinbase or Binance, and guide us through the registration and verification process until you reach the investment process. In other cases, it requires particular data such as telephone or email to register in its system and thus, in theory, start investing.

As the computers continue to receive messages with screenshots in which supposed payments to the administrator are seen and asking them to confirm their receipt to start operating. Other members respond by praising each of the incomes they have made from staying “invested” in the platform and encourage others to do the same.

If you part the cobwebs of the Telegram “BitGo Cryptocurrency Exchange” group, there is a spooky town, populated by bots

Once upon a time, the BitGo cryptocurrency trading platform (an unauthorized channel designed to lure users into genuine and legitimate Bitgo cryptocurrency trading, which did not respond to our request for comment) hosted an essential set of living beings of life. real, glorious in their liveliness. Members were discussing trading tactics, unwittingly sending monumental sums of money to the wrong addresses, urgently demanding that moderators tell them why they’d been added to the pool – a delightfully dubious kaleidoscope of retail action. Only not yet.

Currently, the “BitGo” Telegram suite is made up almost exclusively of spamming bots. The bots only talk to each other, with circular puzzles and unintelligible utterances. One asks how everyone’s day is going; another question answering if someone will marry her, the previously viable; another recognition to Jesús and Satoshi Nakamoto for the possibility of investing in BitGo; and another asks what time it is.

What are we talking about?

We’re talking about Shiller bots and scams with no humans to scam, except the occasionally confused individual who comes across them. It’s like watching a runaway animatronic carnival show.

• “I’m looking for a man who can support me,” announces a female bot named “Qingrong He” a few minutes before both the request and the posting disappeared. She has asked the same question a dozen times previously; and, as usual, no gallant gentleman accepts her offer.
• “Karoline”, for her part, announces good news: “I have received countless profits from this platform, thanks to manager Morrison, I don’t know how to pay them back,” she says in a message with the worst grammar in the world. In immediate succession, 4 other bots congratulate her automatically using variations of the same reply.
• “Congratulations,” writes “Mark Kidd.” “There is something particular about this investment platform. I am glad once other investors invest and receive instant payments.”
• “Wow,” Alishia Bethe agrees. “My heart is full of joy and happiness right now, I have enormous respect for this organization for its sincerity and honesty. I have got my winnings back.”

And in this way successively.

The fate of the unauthorized BitGo channel is typical of various cryptocurrency sets on Telegram: “partnerships” made at first around a coin, scheme, or business tactic, which with time and many market corrections, end up disappearing. Such sites for the moment do not remain filled with dumb retail investors but with bots designed to rip them off. And yet there remain certain signs of life based on said wastelands that might otherwise be barren.

The only human member of the unauthorized exchange “BitGo” appears to be its moderator, a person who identifies himself as “Morrison Bernard” and who spends most of his time responding to questions raised by the bots.

Bernard assured me that his channel is an investment platform that ensures 600% productivity and invited me to open an account. Once he asked why the overall demographics leaned toward algorithmic, Bernard denied that there were any bots. The strangely similar messages from different accounts are, by the way, “different writings and different accounts,” he mentioned to me on Telegram. “They’re all [sic] real humans.”