Bitcoin Forum

I am sure everyone who is into cryptocurrency will come across this "giving Eth to receive Eth" scam at least once when participating in a bounty campaign or doing research about a certain coin.

This is especially true when you browse through Twitter where there are fake twitter account pretending to be someone famous & asking unsuspecting victim to send out Eth in return for more Eth.

My question is, what do you suggest we can do to prevent our friends and family from falling prey into such scam? Do you use any software or add-on to block fake accounts from appearing on your Twitter timeline?

Hopefully Twitter will impose stricter rules for people from opening new accounts to stop this serious scam from becoming more serious.

If it's too good to be true, then it probably is, to be honest only stupid people who fall for this kind of scam, and you should not rely on any software or add-on to protect you, use your brain, or close your twitter account.

This is very true. Honestly, how can people fall for this?
On etherscan, latest comments at the bottom, there's always atleast one post about someone saying "this address is a scam".
While it's not always from these social-media related stuff, how difficult is it to realise that noone is giving away free stuff?
How many times has anyone actually done that? I mean, sure, some give away a few tokens or something..
but what time in recorded history has people been given "twice what they send" back, in any format - crypto, fiat, horses? never. (except for ponzi schemes maybe)

Only advise i good give regarding these scams is use your common sense, there's no free lunch. I keep telling that to my friends and family and hope they don't fall for it. Ow and i report every scam i come across on twitter immediately to the twitter moderators.

Be safe

don't expect someone to give you free money that should be the key for this kind of situation, just try to use regular method to have some income (trading, etc). There will be always much scam methods, people just need to know there is no free money without any effort.

If you get scammed by things like that, I'm sorry to say but you deserve it. A little bit of common sense can go a long way.

Looks like Twitter has made the right decision to acquire Smyte to overcome this spam issue (https://twitter.com/TwitterSafety/status/1009783867501248514).

There are scammers who also use fake accounts (poser accounts) like john mcafee.

if you always go with the trend,  you will not just believe mcafee,  why?  He shills product in exchange of money but not promoting the quality of the product if it really has the quality, and of course there are people who will always fall into that curse because mcafee is popular and a known person.

the problem is there are people who forget to distinguish what is the real account of mcafee and browse to the given links of the fake account and get to that pishing link.

In crypto industry there is no free.

Any trusted project don't ask ETh for sending Eth or token  Which on airdrop or anything

That is really scam.
If someone fall into this trap, just make it as an experience.

I feel sorry for it if it really happened to you.
there is no free money without some action/effort.
in the future, there is more scam/phising/the other way to make people lose their money. so just be careful

i have seen this couple time. the fact is they are playing on your greediness and ignorant. why give eth to recieve eth when you can just keep your eth and live peacefully instead of being greedy.   

It's a classic scam that has existed long before crypto. I guess it works because all scams have been tried before and the scammers stop doing the ones that don't work. That is why we all get so much spam in our email...because people out there actually click on it. Who? I met one once...I was like don't click on that! People are dumb sometimes. But that doesn't mean it's your fault if you get scammed...it's the scammer's fault. But like someone said, it plays on your greed.

How Spam Works:

https://computer.howstuffworks.com/internet/basics/spam.htm

27 Scams to Avoid:

https://www.theguardian.com/money/2013/may/02/27-common-scams-to-avoid

Scams Similar to the Send ETH to Get ETH Scams:

https://www.consumer.gov/articles/1019-money-wiring-scams

From what I see, bad people, most of them, have bad lives. Don't fear them, pity them.

I've only met a few of these scams.Vitaly Buterin writes a message which asks you to send him 0.1 ETH.In return he will send 1 ETH. Scam old,no one now is not to cheat.Yet there is a Scam where you need to send 0 ETH what is the address and come coins.Here I did not understand what it is.The ETH Board will take

wondering why this funny thing Only in Eth... their scam not in the other currencies ?

not only in twitter even in other social network... send 5 eth receive 10 Eth..
probably you won't believe 'em .. and think it's just a joke who's the idiot will trust them /Or fall in their trap and pay for,

but that's totally the truth if you scan the address.. then their scam scheme or their spam efforts are make sense..and many ppl
daily have a stolen Eth.. the question is.. Next time those ppl will learn and won't believe fake promises from scammers.. Or not ?
   
Other point.. you can prevent those scammers but unfortunate it's temporary won't stop their network.. many scammers everywhere
even in the real life.. but we can reduce that by spreading awareness through social media for ex;   

Vitalik Buterin recently had changed his twitter official account name to Vitalik "Not giving away ETH" Buterin..
i think his Eth network attracted many fans of scammers 

You don't need to be stupid to fall for a scam - same as being religious.  You just need to be gullible. 

I can't imagine anyone being into tech falling for such a scam. They would have to be kind of too mentally slow to begin to use crypto. (No offense for anyone who fell for such scams and is reading this.)

It's is very annoyed, that some fall for it but can we say this is because of greedy or ignorance, some noobs might for for it though but not should someone who has been in crypto for long fall for it and if that happen they he must be looking for quick rich which end up be scam, only thing we can do it to retweet or comment on such post with scam and that might save someone from it.

I receive a lot of scam phone call from people in India, Pakistan, those areas where the laws are not to strick on running such telephone scams.

I normally don't pick up, wonder why they keep calling, and imagine that they don't make any money at all, whatsoever. But I've been reading a lot on it, and it's very profitable. Apparently a lot of elderly people fall for such scams. Scam of, send us $1,000 so that we can send you $10,000.

I would say in the end it's up to the individual to make an informed and wise decision however just that fact that we are speaking about it right now may give potential warning to a would be victim.  Also speak to your family and friends as much as possible about it if they are looking to get in. 

we have this metamask which will eliminate potential phishing sites.  this is very helpful even for experts.  i would suggest community members to unite against bad elements by reporting suspicious activities like questionable bounties or airdrop schemes to moderators.

This kind of agreement obviously is a scam. But still, many were deceived by this kind of set up. Best thing to do is to ask ourselves, "who on earth will give us a favor without benefiting them first?!"

Scam (in this case, questionable bounties and airdrop, etc) isn't moderated. A better approach is to create a scam accusations thread/post.

I have actually come across it time without number. Its a serious scam in cryptocurrency.i think there major targets are gullible minds.send Eth and get Eth in return.

yes u are truly said. more public awareness might be the prevention. those are participated that type of bounty, they can only blame themselves.

I have stumbled upon this scam ones or twice when i did my first ICO, at first it was too great to be true, i was so happy and sad at the same time, when i found out it was a scam. It will be difficult for Twitter to stop this people, i do believe every individual should apply a little knowledge and common sense. Making money aint that easy.

Lol, i didnt think people will easily fall in this simple trick. Just the word send eth first will give the meaning that everything is scam. Be open minded in this world and dont be like a kid which ignorant of what is real world. Specially in crypto there are uncounted number of scammer

They should always check the twitters account if its verified if not just ignore it. Erc20 airdrops are now filled with this selfdrop that you send eth to received a certain amount of coin that has no value or use for &  I think this is part of those eth scam.

I have stumbled upon this scam on twitter, send ETH to recieve ETH, at first i was excited since i was new to crypto but i wasnt too excited as not to verify from the telegram page as to know if its a scam or real. Lucky for me thats how i didnt fall for such scam. I just wonder what can one do to really stop this scammers.

Indeed, it's good not to quickly believe in anything that suddenly becomes good to give something, because that's where fraud often happens. it's better indeed to close his twitter or make a new return.

I never found this kind of scam on twitter but on telegram..i think someone added me there..and u can see the messages many people say thanks for receiving 5eth,10eth ,12eth by sending 0.1eth for example..it depends on how much eth u send..many people might fall victims to that group because it seems the promise of receiving eth is very true..

This is true this kind of scam is very rampant in twitter comments impersonating popular cryptocurrency related accounts whoever fall in this shit is stupid because of ignorance but we can help of fellow friends to avoid this by reporting this accounts on twitter If we found this kinds of account twitter will review and deactivate it immediately. 

In logic it is very obvious scam bounty. When I'm reading the content of your topic. I don't imagine even 1 person fall in this trick. As a bounty Hunter, I'm here to participate and earn free token then sell to get eth other btc. How do someone do a campaign and ask by the team to send eth.
Bigggg scam

This actually happened and still happening...have you heard about self drop bounty? Where a project creates an advertising announcement with profile provided of the prpject... Inviting people investors to buy invest to the project coin..with certain rates and amount of how much youre willing to buy.. And waits up until the goal reached for sold out... Then once on exchange..people can wait for the price of the token to rise and get profit...
There are self drop ico projct like this that were scams.. Its still up to us if how much we know 1st the project before getting into it..

I have seen this scam everywhere. How is this possible to believe in this Give to Take ETH? You should be very naïve to do that.

you're right bro, moreover for now people have started to be critical in choosing bounty or airdrop, if there is a requirement to send a number of eth, surely most people will not join it

I was surprised to see TWITTER isn't taking a proactive stance to solving this 'giving away eth' posts..
they have even given a verified badge to one of the scammers posing as Elon Musk... as seen in the image below.

https://files.fm/pa/tony%40tonyhughesdesign.com/2018-10-12_m3tn5prb/IMAGE+2018-10-12+14_44_16.jpg

It's a social media, what do you expect? If someone posted that way, that is his/her rights. If there is something to cheat on you, then you would be cheated, no bots could stop that.


Sounds rude but true. Slap him with the reality


Common sense nowadays are not too common.


Makes sense. Best comment for the thread

This is an old school trick. I am a new comer here in the forum and I knew already about this. Definitely there were many members spreading awareness about scam activities.

I do not think that my relatives will going to fall on this scam. It is so easy to understand that the offer is scam. No one will ever give you ETH for free. I do not know why other members fall into it. Maybe they were just have much trust in this "ANONIMITY" world where scammers could take some courage to scam others because of this features.

Many people type me in Telegram with such offers, giveaways and bla-bla-bla

People should really not fall for these tricks with all the information about scams available for free all over the Internet. It is like falling for those email scams when you get contacted by a US General stationed in Iraq who found $20 million and wants to send you a cut. Just tell your family there is no such thing, if people on the street dont come up to you and offer you give them 50$ in return for 100$ why would it work online.

But be aware that there are campaigns that have a smart contract where you need to send them 0 ETH or a very small amount - like 0.00001 ETH and in return you receive their native tokens. This is not a scam and I have seen that two campaigns did this successfully.

I am not using any software to detect the scam project amd I think there is no software to detect scams. It is really hard to determine which is which. In the point that the project is already requiring to donate some eth, even though I spend my time in this project, I am avoiding it and does not donating any amount. Some project also requires to buy a certain amount of coin using eth, I am rejecting that project and just find another project.

All we need is more education. If it sounds too good to be true, it's not

If everyone can tame the greed in them to the barest minimum, then such will die a naturally death due to no or very low patronage. I think the best way to be truly safe from such is knowing that there are no father Christmas in this space and is every man for himself. Always engage your brain in dealing with anyone and be on the look out for red signs/ flag/ signal or other appearance of scam.

You should educate that such things are happening and let them know various methods scammers and hackers are doing to steal your coins, knowledge is power if they know these things, they know what to avoid and who to avoid and how to react on those situations.

First time I saw that trick on twitter, I nearly fell for it. But funny enough is that its more rampant on twitter and lots of novice seems to keep falling for the scam. That's why its good to get updated on this forum as it will help inform any novice about this or any other kind of funny scams.

They now use telegram to scam newbies.
They add people to their group chat and you will start seeing fake testimonies about sending and receiving profits within minutes.
You get banned/muted immediately if you try to raise an alarm. Telegram needs to look into this act of cloning groups and channels.

I don't think that there are still some people who would fall for this kind of scam.
I mean even kids this days wouldn't fall for this one,
Why would they ask you for money at first if they would just give you more in return.
I have encounter so many people who tried this trick on me and I only had fun talking to them.
I would just ask them to send me my profit first then I would send back the amount that they are asking.

I have one rule in my life, I do not send money to any unknown person. If person is asking for money to provide to more money than 100% he is a scammer. Although most of crypto traders are aware of such scams but still some of them fall pray to such scammers. One of my friend who is an experienced crypto hunter rather he brought me to this crypto world fell pray to one scammer claiming to send more ETH, around 1 ETH was scammed in that transactions. Sometime even an experienced person becomes victim. One should be very careful while sending money online to any such person claiming to give you more profit in return.

You don't really needed any software to help you from being scammed, logically it's obvious to know that there's no body that'll give you free eht by sending your own personal ether. No freebies in the crypto sphere, you earn what you get

Even the so called airdrop now needs your full info so you give out something to get something in return. No one knows what all these companies use our personal info for in the so called airdrops