Fake Litecoin Foundation Scam Defrauds 309 LTC from Users

[adzino]

Why do people always keep on doing the same mistake? Sad they fell for this scam but they deserve getting scam. I know I sound a bit harsh, but they won't learn anything until they getting scammed. All this fake LTC foundation had to do was giveaways and people jumped in and started to trust them. I hope they learned something from this after getting scammed.

[eaLiTy]

I just felt sorry for those who are being defrauded by scammers who pretend to be Litecoin Foundation.
Sometimes, we need to have some common sense before dealing with them.

This is the basic fraud that is going on from the beginning, impersonating exchanges or their support system and asking the customers to send funds to verify and now they just changed the script slightly to fool a bunch of people who have no idea about the virtual world and how to avoid getting scammed and i am amazed to see that people still fall for these stupid scams.

Like for example, I see something like this on Facebook and Twitter. I usually wanna verify it first to their official pages or so before believing that they’re doing some sort of promos or so.

If people understand the basic idea behind cryptocurrency then people will not fall for these scams, you do not need to check with the official team to know whether it is a scam, because no one will ask someone to send your coins to get that returned with extra gifts and if any team says those, it is a scam because the idea behind crypto is possession and once it leaves you there is no reversal.

[Bonwin]

Well, victims to this cannot be blamed, rather the scammers and their scam activities should be frowned at. Some of these things are just sometimes inevitable. If you can avoid them, some might just not be able to avoid them.
Most of these things look like ponzi. If you are able to understand what they look like, then you will be free from them.

[Aabcde]

I can't understand why the victims just want to send their ltc first. Obviously there is no guarantee that they will send back the ltc with a larger amount.
I think the ones who send ltc to the fraudster's address are the newbies or people who like to gamble.
This has happened since the beginning of the crypto world. Therefore do not ever fall prey to their sweet talk. Poor victims.

[JeffBrad12]

Scam is everywhere, even you can see it on every tweets the popular crypto figures' trying to disguise as them and offering to give away some amount of money. It's no wonder the youtube platform take action against such action and being more strict to their rules and enforcement toward crypto related channel.

People always fall for scams everywhere, telegram, twitter etc, yet it's always the same old style of scamming them. People want to get free things at a cheap cost. They will never be satisfied, they will likely fall into another scam again save they learn.

There's always someone who are not knowledgeable enough to deal with all the "dreamy" offer and ended up being scammed.

[deathcode]

I can't understand why the victims just want to send their ltc first. Obviously there is no guarantee that they will send back the ltc with a larger amount.
I think the ones who send ltc to the fraudster's address are the newbies or people who like to gamble.
This has happened since the beginning of the crypto world. Therefore do not ever fall prey to their sweet talk. Poor victims.

isn't that a silly thing to do if you send your assets to someone on behalf of a developer or someone who promises to return your assets in greater amounts. we should be able to see where they are and whether the event is officially done from their account.

[Pamadar]

Well, victims to this cannot be blamed, rather the scammers and their scam activities should be frowned at. Some of these things are just sometimes inevitable. If you can avoid them, some might just not be able to avoid them.
Most of these things look like ponzi. If you are able to understand what they look like, then you will be free from them.

Learning from this mistake will going to allow everyone who got victimized to sort things before investing to this kind of fraud, Investors needs to be more careful and selective when thinking of placing their money to any types of investment. Protecting your money is very important and by knowing how to avoid such activities helps you out to lessen the chances of being scammed from this kind  of practices.

[Baby Dragon]

Well, victims to this cannot be blamed, rather the scammers and their scam activities should be frowned at. Some of these things are just sometimes inevitable. If you can avoid them, some might just not be able to avoid them.
Most of these things look like ponzi. If you are able to understand what they look like, then you will be free from them.

Learning from this mistake will going to allow everyone who got victimized to sort things before investing to this kind of fraud, Investors needs to be more careful and selective when thinking of placing their money to any types of investment. Protecting your money is very important and by knowing how to avoid such activities helps you out to lessen the chances of being scammed from this kind  of practices.

The lesson that they have learned will help them analyze things before making decision on investing their money, since you have to consider a lot of things on investment to make sure that your funds is safe and secured from scammers. As an investor it is our responsibility to secure our money particularly these days that scammers are getting wiser on tricking us, we have to be cautious on every decision and action that we are making because we don't know people's true intent that is why we need to do some effort learning and understanding things that can help us to overcome such problems like doing our own research before risking our money into an investment. In that way, you will see different information regarding that kind of investment that can help you make the right choice, it is kind of laborious for some you because it takes a lot of your time and effort but at least your funds will not be wasted for nothing.

[bitgolden]

Some people make so much mistake, seriously , I don’t even know whether to blame them or not, maybe they are still new to stuff like this. How can someone claim to be something and you don’t even do proper research about them. If someone should tell me something like this, I don’t jump straight into it, I will first of all do my research especially on the team that are running the organization to know who they are. If they seem like they are not being transparent, then I will just forget about it.

There are lots of ways you can tell whether they are scammers or not. I have been seeing a lot of scam lately, people really need to be very careful.

[Thomas-s]

Some people make so much mistake, seriously , I don’t even know whether to blame them or not, maybe they are still new to stuff like this. How can someone claim to be something and you don’t even do proper research about them. If someone should tell me something like this, I don’t jump straight into it, I will first of all do my research especially on the team that are running the organization to know who they are. If they seem like they are not being transparent, then I will just forget about it.

There are lots of ways you can tell whether they are scammers or not. I have been seeing a lot of scam lately, people really need to be very careful.

even team transparency will not give you any guarantee that the project can be successful or not a scam. More recently, there was such a project as Cloudtoken. The project team was completely open and spoke at conferences and constantly talked about itself at webinars as a big project that builds an entire ecosystem. I invested a small amount of money in this project, but recently it turned out that it was a scam and the CEO of the project disappeared. I lost about 2 ethers. sad but this is experience

[pgbit]

Any airdrop or reward program that requires you to send some funds first is a scam and after years of people being defrauded by scams like this, it is a wonder that people still fall for it all to this day. This is not the first and wouldn't be the last, I just hope that people who has fallen victims to it before would try to help others not fall for the same scams.

[samuraijin]

there are so many types of scams like this, this is what we should all clean up early so that this year and the following year all users are all smart, sorry I don't mean to say they are stupid, many fraudsters also have live streaming on YouTube with altcoin CEO and give a giveaway with asking you to send some coins, that's obviously a fraud because no CEO gives any free giveaway and he asked you for money before, this should be applied there is no free money in the crypto world, if you see a social media fanpage or a suspicious youtube channel, it should be reported it will help the beginner not be fooled again