Bitcoin Forum

What happened: FAKE TEAM / AI generated images

Scammers Profile ANN: not listed

Scammers Website : https://finswap.app/
https://web.archive.org/web/20200906112201/https://finswap.app/


https://i.gyazo.com/147b1f4633d69ff129080d6e7e85d600.png

https://finswap.app/wp-content/uploads/2020/09/member3.pnghttps://finswap.app/wp-content/uploads/2020/09/member2.pnghttps://finswap.app/wp-content/uploads/2020/09/member.pnghttps://finswap.app/wp-content/uploads/2020/09/member1.png

Photos were likely taken from here: https://generated.photos/

I think I need to study more about the DeFi system since the sound is everywhere especially when it comes to the scam accusation section. Almost all sections are full by DeFi posts and scam happening by this system as well. There are some noticeable elements in the picture which are forced me to think that pictures are fake, and most likely they are generated by a computer system. Whatever projects concept doesn't worthy investing when the team becomes fake. Investors should be careful with new DeFi scams. Don't fill scammers' pockets with your money. The so-called Decentralized Finance (DeFi) system doesn't mean they are legit always.

Yeah, I'm still learning about it slowly--I don't really have any interest in putting my money into any DeFi projects, so I haven't been very motivated to figure out how it all works.  But you're right, this section's recent posts for at least a month have been mostly scam DeFi projects, and this is exactly how it was a couple of years ago with ICOs.  Scammers are using the same tricks, too.

If the time comes when our very talented scam sniffers can't identify a fake or stolen photo, watch out.  I'm actually surprised these idiot scammers haven't figured out a way to fake their team photos without the possibility of getting caught.

Good catch, OP.  Fortunately they don't have a forum presence.

Along with the hype around DeFi, there were a lot of scammers who decided to make money on it. And the situation will obviously repeat with the one that was around the ICO, when after the hype ends, it turns out that 90% of DeFi was scam. I wish I could leave a negative tag for these scammers)

They are no longer creating ANN threads or representative accounts for their scams anymore.

It means the flag system is working nicely and putting off their "victims" and thus saving some of their money. Good thing theymos came up with the idea and it is working effectively. But we still need to be cautious because they may make accounts in future even after the thread OP has done all the work and continue getting some views.

If they put up an ANN just update the OP and post here with a flag, I see some users are not making flags right away, thus should do that as soon as they get a thread ready here, so we can all support and paint them fresh with red paint.

Reported to CryptoScamAlert
https://cryptoscamalert.com/crypto_scam_report/616