Bitcoin Forum

What Happened: Fake USDT Mint and trading platform

I have been hearing from a group of discussions about fake USDT mint and trading platforms until I came across one. What they do best is to PM you on Telegram/Wechat/Whatsapp with a message that includes a username and password, the balance to that account( ofcourse it's too fake to be true) and the link to the website. They give you a virtual large balance of USDT on the dashboard and ask you to withdraw.

One thing unique about this scam is that they wouldn't just scam you straight away, they will request a key/pin in an exchange for you to pay a small fee to facilitate the withdrawal and this is not a one time request, they will continue to ask you for this key/pin until they finish milking you without any successful withdrawal.

https://i.imgur.com/9Kng8Nv.png

Details sent to me:
Anyone can login to see the contents of the scam website
Username: Jack11
Password: jk1101
Link to the website: https://usdtlonim.com

What is this key and what is unique about it? Is your private key or password or what? ???

Generally it is a stupid scam by giving you a number in their databases, they can make this number 100 thousand dollars or even Bitcoin and thus they are lazy scammers.

I thought that you would be able to withdraw these FAKE USDT to your wallet, but you will not be able to sell them except on their platform or after implementing a certain condition, or you can sell them on another platform that is scamming you.

You know some scammers are so foolish in thinking, there thinking could be they want potential scammers to be flabbergasted with the balance on their dashboard.
Seems like they have generated plenty of login details for anyone they sent messages, that's the login that was sent to me on whatsapp.

Thier designed looks like the old tricks used in cloning of banks websites, they will make you believe you in the right bank and when you login and want to withdraw, they request for a key with a bar indicating the progress of your withdrawal. The progress bar is just like inbuilt Javascript that read something like 10% 25% 50% 75% and in every %, you will be  asked to provide key(you will he asked to pay/deposit in exchange for the key), that's how they keep billing you until 98% probably tell you that transaction failed and may asked you to start again. So #pathetic

This website has been created by further modifying the idea of ​​the previous fake exchange. Even then, they used to tell different stories using different messaging apps, to help them withdraw their funds stuck in this exchange.
But when one could withdraw in the instructions shown by them, one could see that they were talking about depositing an amount for verification. So this is also the same scam system, only the name of the scam has changed.

Its old techniques but coming up with new names everyday for scamming new set of people, FYI even if you deposit a penny the funds will be immediately moved to another wallet and you will be asked to deposit the unlock fee again and the cycle keep repeating forever.

No legitimate exchange or website will ask their customers to send few dollars to unlock few thousand dollars.

Often I see similar random messages and just block them. Never tried to open any link from random DMs. It's very easy to trap greedy people they would fall in this trap. We forget nothing is free in the world when we see a lot of virtual money which is useless actually. Why should we trust anyone we aren't familiar? Just need to stay away from random social media messages. Thanks for sharing with the community, newbies would take the lesson from here.