Bitcoin Forum

What's going on here

In the last 24 hours there were 2 campaigns that were suspected to be "fake"

[1]🔥✅🔥[BOUNTY] BLUM - All Crypto — One App | 75.000.000 BLUM 🔥 (https://bitcointalk.org/index.php?topic=5500541.0)

https://i.ibb.co.com/tb9Yz4k/Screenshot-33.png (https://imgbb.com/)

[2]🚀 [BOUNTY] |Sovryn - Brings DeFi to Bitcoin| $100k Pool in Token SOVRYN 🚀 (https://bitcointalk.org/index.php?topic=5500595.0)

https://i.ibb.co.com/sRKh5p6/Screenshot-35.png (https://imgbb.com/)

Nice catch! I was also going to reporting this topics too, one of my local mate also share in our local thread these scammer shits. But I wonder how fool peoples are doing bounty campaigns in forum that they don't do or check least about the project they are going to promote  ::).

The question I have now is; what do they stand to gain? At first I thought maybe they created the thread to get some referrals (because Blum is running some kind of campaign on telegram) but after going through all the social media links I noticed that no one had any referral code attached and they all linked to the main account - so if they successfully get users to participate and promote the project what then would they gain at the end; assuming truly the project devs are not behind this promotion.

Good one right there, the community need to onow more about this scam projects,  many of those scam bounties have been the reason why many investors have lost trust on thr altcoin market.

Fake projects every where, promising huge Unrealistic rewards for hunters.

Social Engineering, maybe? So that they can attempt to hack accounts associated with the users now that they that the potential victims are into crypto.
I also see an unrelated instagram account, maybe the target could also be to get more followers from the stupid bounty bots. Imagine even after the warning, the bots are still posting their proof of authentications  ;D

Good job doing a little research and maybe saving some of the bounty hunters a little heartache and wasted time.

Could be some sort of marketing ploy by an investor or the devs, Noone will admit to it either way.

As expected the bull run is a period of the rise of fake projects. These scammers will always come up with different fake projects that aim at deceiving unsuspected investors. The offers are attractive and overhyped to attract people. Almost all the youths in my area are now into cryptocurrencies but a majority of these projects are waste of the time and resources since they end up as scams or without any benefits. Doing a little research before engaging in this project would be ideal. Thank you, OP for saving many people from wasting their time and resources.

I have noticed this as well, and we discussed it in our local thread. Not only these two, but there is another one, which is [BOUNTY] 🔵NOTCOIN - 1.000.000 NOTCOIN REWARD POOL🔵 - WEEKLY PAYMENT🔵 (https://bitcointalk.org/index.php?topic=5499999.0). As you may know, NotCoin is a parody token of TonCoin, which was developed by Telegram itself, and Telegram already has a big community. There is no reason they will launch a campaign in this forum to increase their social media engagement. They already have millions of users on their social media.

The reason I did not create a thread is because those bounty managers linked to the official social media handle of Notcoin. So, I don't really understand what their benefit would be from running a fake campaign. The possible benefit could be create a fake portfolio so they can refer their future clients to these threads and says that they have been involved with such great campaigns.

Well done OP

You helped many user of airdrop participants stop for joining fake or scam bounties campaign, but I don't know both of campaign above have indicated scam still many new user apply for participating without checking its trust bounty campaign or scam.
Seems need to report both campaign thread topic avoid many user don't know that campaign are scam behind many users still apply for participating.

By the way Sovryn bounties campaign have ended for longer time and the Campaign Bounty manager is irfan_pak10 (https://bitcointalk.org/index.php?action=profile;u=350580), its impossible any campaign relaunch for launching bounties campaign after their project have been success and listing on the market. I hope for all bounties campaign participants understand well with campaign manage by new user and less experienced as campaign manager never joining yet.

Even though you have warned that Bounty is a scam, there are still members who are blind in their views about the project.

The proof: it has been warned that there are still people registering.

https://bitcointalk.org/index.php?topic=5500595.msg64243177#msg64243177, I don't know what's on their minds.

OP, maybe this thread can be a follow-up thread about your next discovery of a fraudulent project, maybe you can target another project as a warning to others.

Great job catching these fake scammers wasting hunters’ time and also reducing the free scam promotion, I believe that the only reason for them to start a fake campaign is to gain popularity on Twitter and other social platforms, the crypto market now is more hyped when it is shared by many users. Recently, whenever a token or a project is trending on socials, which means it is shared and published by many users, a lot of investors get attracted and invest on these projects.

Tracking and reporting these fake scam projects is important to reduce the amount of victims. Moreover, it is important to always choose a campaign with a trusted and experienced bounty manager, the same goes for these projects to choose a very reputable and known manager here, in result, this will lead to early detection of scam bounties and warn users.

They have airdrop and though I am not partaking it but I saw it in a social media platforms that Blum is one of the best airdrop because it is owned by Binance and I also made my comment that they should not motivated because it is owned by Binance and some days latter I also saw it in the bounty campaign section and also thought it would be a good one and left since I am not a bounty hunter and realy there were about two drop in the same day. And here you caught them. And this also to notice that it is not all the airdrops are legit to farm or mine. Nice one Op.

Good thing you brought this OP, scammers are some how running out of ideas on how to get people to fall in their crazy trap, since this has come out of the open I believe the other scammers who are trying to use this method will have a rethink. And we should be alert because they're not really done and very soon they'll start cooking another strategy to get to those who have no idea about this plot of theirs. I just hope everyone will see this thread.

I think OP has sharp eyes and he's done some good research to find those fake bounty campaigns. It's really hard for the newbies when a bounty campaign turns out to be a fake one. The newbies earn some money via those bounty campaigns and such type of campaigns could cause much harm to them.

I have never participated in bounty campaigns as far as I remember but I'm sure there're many people who participate in those campaigns and earn some revenue from that participation. I believe that all such suspicious bounty campaigns should be reported.

The thing is that, regardless of the team or company that is behind a project the tendency to become a scam is also high, so I won't be freq out if I see a project that are backed by big firms and names in the cryptocurrency Industry,  as a matter of fact some of them could still become a shitcoin, but regards to some of them that have some level of legitness in them, we can luckily participate in their airdrop.

But in a general sense,  airdrop should be avoided if you don't  have the technical knowledge to adequately analyse the project and their blueprint to be able to focas the future of such projects.

Good catch OP, I was almost fooled, to be honest I was very interested in the amount promised in the Sovryn campaign

but after I read it in more detail, it turned out that the Sovryn development team was not holding a bounty campaign, so it was purely a random thing. fake but I'm still curious about the basis for these newbie accounts creating this campaign, do they want to steal data?

If I'm not mistaken Sovryn has created 2 bounty campaigns on the forum and the same manager handled them. It doesn't make sense when they already believe in and have succeeded with their previous campaign but want to run a new one they run themselves. especially with a newbie account which clearly won't give you any confidence.
but there are still people who register for the campaign, which shows how bad the situation is there. Op even shared his post on the Bounty thread and there are still people registering. if they were still doing bounty tasks, what was there to say to such people?

While there is nothing wrong with a company running a campaign themselves, I do feel that if they were serious about their project they would be more worried about their company and token sale vs worried about saving a few bucks by not hiring a trusted manager.

Most bounty hunters probably don't worry about who is running a campaign though as the tasks aren't usually too tough or time consuming, so they just take the gamble and pray. Not how I would want to spend my time, I would rather have guarantees.

Why @mprep is still allowing that fake bounty campaign thread to remain active? I can still see applications getting posted, being said that isn't the application posters unaware of this scam or they are simply ignoring the replies made on that thread by some of the trusted forum members or these guys do not understand the English language? Whatever! Posting the active thread image so the mods wake up.

https://www.talkimg.com/images/2024/06/23/hN0ez.jpeg

i will try hard for that but help from friends will be much more effective, however following fake campaigns is just a waste of time ^{(but i also can't stop thinking that there are several high rank accounts who are still trying to join the campaign)}

Leave those who are lazy to read. You have told in the bounty thread. And when they register, they have to read your post there. That is the habit of Bounty Hunter, they do not want to read full information, let alone check the project.
I don't know what people mean to post fake Bounty. What are the benefits for that person? Just want to deceive forum members using a successful project.

You know bounty hunters nowadays aren't smart enough because all they think is to quickly get themselves fixed into the campaign without making their research, it's shocked to see that there are people who are going back behind the projects owners to launched a fake campaign, who knows there evil intention towards the applicants or there were using as a tools to easily scam investment who would want to invest in that campaign through the link they would include in their campaign link. Hunters should be extremely careful of the forum and how they rushed to join campaign and bounties.

Those who post fake bounties are a type of cheater. They receive weekly payments from the project manager and bounty campaign price polls. Bounties do nothing after posting. On the other hand, it is seen that the project managers are cheated, whereas it is seen that those who join the bowl and work hard are also cheated. It means it has become a fraudster's circle. Many project managers have heard of this boon before. Thus, we should look at the problem of delegation in the forum.

There are ways that bounty hunters can easily avoid or try to avoid scam bounty because sometimes it is difficult to do as scammers will hide every trace and you won't know after doing jobs, presale investment which will turn to all waste of time and money. So the best way to avoid it is to focus on just few reputable bounty managers. There are quite few of them on the bounty section. Those bounty hunters are not perfect though but they try to do their own research also and they take a step further by escrowing the coins. It is however best to join usdt payment bounty where you can be paid weekly or in sum at the end of the bounty.

Hi macson
Our project has a minimum budget of 50k up front and the remaining 50k is given after the campaign is finished according to the 100k bounty allocation. I have full control over 50k funds.
So, can I slap you in the mouth, if I can prove the escrow bounty for this campaign? let's recommend the best manager in your opinion to hold bounty funds.

It's not a problem you have the funds or not for the bounty allocation that you publicize.
OP shows the evidence of the team not to conduct campaigns at the forum. As you can see on the OP screenshots.
Now what can you prove that you are CEO or part of the Sovryn team?

slap? yes you can...

but if you prove you are right, the admin on the telegram group account is wrong and you have to do the escrow with a member who has a good reputation.

https://i.ibb.co.com/B3r7Tqk/Screenshot-37.png (https://imgbb.com/)

Likely scammer. When I tried to verify this the other day, I found a scammer knocked me. I think they are the group who created the fake bounty.

Was this thread a slap for you?

Fortunately, a couple of campaign managers are already involved with in this thread. Which makes it easier for you? to send them the campaign funds if you have any. But I believe you don't have a single penny of funds. Could you please prove me wrong and slap me in the face as well? You can pick Yahoo or Little Mouse. Try to talk to them And send the campaign funds.

The community members never hesitate to say sorry if they prove it to be wrong. So do not worry about your reputation. If you are right, and the community is wrong. They will say sorry and remove the Negative feedback. But you have to prove it.  ;)

They are free to contact me if they seriously want to prove themselves, you guys gotta not get your hopes up though. This is the internet and some troll may have seen this thread to mess with you all.

They aren't interested. I talked with the official telegram rep.
By the way, sovryn had a bounty here with irfan_pak10- https://bitcointalk.org/index.php?topic=5314324.0

I don't think @macson has anything against your project but he just wants to be sure that it is genuine. He I just doing a selfless job of protecting the forum from criminals who take advantage of people. I am also willing to take a slap if you can send the funds to any of these managers who have shown interest in receiving and controlling the campaign funds. Any of them will do a good job for you and you will not regret hiring them. I am also willing to apologize for the wrong accusation or suspicion and will support the removal of the negative trust. The ball is now in your court to prove that you have good intentions.

I think these are bots who are trying to get registered on every bounty thread without being noticing and reading what is going on there. I do not know how someone operates and manages these accounts but I have seen this "bot-like" behavior many times.  ???


No doubt who will follow this thread will be saved for putting their energy and time spending on fake campaigns, but one thing I fail to understand, if the project denies such campaigns, what is the purpose of the starters of these campaigns  ???
They can't benefit the project this way, maybe they want to damage the reputation of these projects.

A lot of time has passed, and so far @Ceo Sovryn has not placed the funds with any trusted bounty managers or well-known escrow service providers. He disappeared from the forum after his last post here and has not returned since. Therefore, what he wrote here was just a lie to calm the situation. We have seen many bounty campaigns managed by Newbie-ranked bounty managers who, after the specified bounty period ended, scammed the participants and did not pay them a single cent.

Any bounty hunter is responsible for joining bounties run by managers with long experience and a good reputation in the forum and verifying the credibility and legitimacy of the project being promoted. They should also verify the project team through their official links regarding the bounty, whether they actually launched it, or if the bounty manager did so on his own for one reason or another.

I see the bounty they run lately is completely different. They do promotion work by ordinary hunters when they come to do the bounty run but they don't pay them. They are such frauds they just grab the money and walk away without even thinking about the people working under them. When their interests are achieved, they leave here.

I also see that they mostly use alt account for bounty. One person does bounty with four or five accounts.

A part from the bounty, I can't see any good bounty now.  Managers who look at their bounty at the trust do not lose.

Here is another fake/scam bounty project! You can add it to your list of you want!

[SCAM PROJECT] [Bounty]Axioma Holding|6 Weeks|35k Dollars of Token

Scam Project Link: https://bitcointalk.org/index.php?topic=5501402.0

It's different.

@OP was talking about a project that didn't even know that they have a bounty program, so the project could be genuine.

While the one you talk, the project already know if they run a bounty campaign, check their twitter https://twitter.com/AxiomaHolding/status/1808741126637031518

But, they don't want to pay the first week, so the whole project is scam even though they have been listed on Coinmarketcap https://coinmarketcap.com/currencies/axioma-token/

The bounty campaign you shared is not fake, but the project team does not pay campaign participants. Luckily payments are made weekly, so in the first week the manager can immediately stop the campaign. If the system is staked and will be distributed within 4 weeks or until the end of the campaign, participants will definitely experience disappointment.
The bounty campaign you mentioned even hired a bounty manager, unfortunately, the funds are not escrow so participants probably won't get their payout.