A Guelph woman has been the victim of a cryptocurrency scam via text message.

[KawasakiNinja1_]

In fact many have lost their bitcoins from exchanges to hackers and many have lost their holdings to wallet seed phrases. Maybe these are discussed on our local board but currently it appears that a woman in Guelph lost $140,000 to a crypto currency scam via text message. The bottom line is that Guelph Women told the police that the scam started a few months ago and that she had received a text message from the wrong number and that the woman had exchanged texts with the man. who convinced him to open an account and invest in various Cryptocurrency agencies and she invested accordingly and this woman believed that his balance had increased but when she went to withdraw she was informed that he would have to pay a hefty fee.


So it is clear that no one in our Naija board should invest despite receiving any tempting offers from strangers Because they keep falling into such traps to grab wealth, many inexperienced people lose their money to hackers.


https://x.com/MercuryTribune/status/2113673870716584166

Guelph woman loses $140K in cryptocurrency scam that started with wrong number ; https://www.guelphtoday.com/police/guelph-woman-loses-140k-in-cryptocurrency-scam-that-started-with-wrong-number-12929508

[BIT-BENDER]

The story was about a woman and that she got a text from someone but at a point you started to use( he,him)is that a mistake which I believe it is or is it something else, the story won't make sense with a grammatical error.

When I saw Crypto-currency scam through text I thought the victim was sent a phishing link through text which she clicked but the fact that someone convinced her to invest into something over text makes her an easy target, she should question her ability to survive in any financial space.

[Nathrixxx]

How will someone you don't know text you about investment opportunities in cryptocurrency, and how can you trust such a person and invest through them? This is what a lack of information costs us: the moment we don't know basic safety rules for Bitcoin or any form of crypto, we are likely to get scammed because they'll exploit our ignorance about what we need.

[Queen uloma]

How will someone you don't know text you about investment opportunities in cryptocurrency, and how can you trust such a person and invest through them? This is what a lack of information costs us: the moment we don't know basic safety rules for Bitcoin or any form of crypto, we are likely to get scammed because they'll exploit our ignorance about what we need.

This is one of the biggest mistakes people always make, why will you trust someone you don’t know simply because they promise you huge profits from crypto investment. A stranger that you don’t know is not suppose to earn your trust simply because they want to make you rich. Before you invest your money In anywhere you need to understand what you’re investing in and also know the risks involved.

That’s why education is very essential, imagine when you don’t have knowledge of how bitcoin works scammers can easily make use of that opportunity. The best thing is to learn first, verify everything and don’t allow greed to over take you.

[ZeroVinsonN]

How will someone you don't know text you about investment opportunities in cryptocurrency, and how can you trust such a person and invest through them? This is what a lack of information costs us: the moment we don't know basic safety rules for Bitcoin or any form of crypto, we are likely to get scammed because they'll exploit our ignorance about what we need.

I actually find it funny when people say text message scam doesn't work anymore when we see it happening around us everyday, it wasn't always about crypto but the smarter people get the more complex strategies these scammers are employing in order to outsmart them.
Also one of the reasons why we don't hear about this as much as it happens is probably because victims keep it to themselves because after the scam the whole scheme might end up appearing obvious and people don't want to appear likes fools to their friends and family, we usually hear about it when the scammers get outsmarted.

[Cryptomultiplier]

How will someone you don't know text you about investment opportunities in cryptocurrency, and how can you trust such a person and invest through them? This is what a lack of information costs us: the moment we don't know basic safety rules for Bitcoin or any form of crypto, we are likely to get scammed because they'll exploit our ignorance about what we need.

I actually find it funny when people say text message scam doesn't work anymore when we see it happening around us everyday, it wasn't always about crypto but the smarter people get the more complex strategies these scammers are employing in order to outsmart them.
Also one of the reasons why we don't hear about this as much as it happens is probably because victims keep it to themselves because after the scam the whole scheme might end up appearing obvious and people don't want to appear likes fools to their friends and family, we usually hear about it when the scammers get outsmarted.

One of the lessons on cyber security is how scammers come up with various ways to target the psychology of the individual into believing their stories and I think instead of us shifting blame or looking for whom to blame, we should try to make cyber security a more taught subject as we teach about crypto currency based investment or other investment opportunities that arise.

If we understand that any business opportunities could be a potential scam, we would see and examine every text message or call or email as a potential selling point and we would learn to set our devices in a way that it refuses access to unknown people or tag them as spam so as we be very alert and careful when they start selling off their ideas to us.

Anything is possible these days because people need money, so it is true we only mostly hear about scammers when we outsmart them, but we should also try to be more comfortable sharing new updates we get from suspicious sources to those close or mostly on this forum where no one knows us that much to judge us.
That's how we protect ourselves and our little money from being stolen before we talk about how to increase it.

[Ronsbit]

At first, you receiving a text message means that the perpetrators are around you, they are in her cycle and possibly it is someone that knows her kind of person that did such act against her. That is how they organise themselves and decieve people they know too well about their kind of person.
It is unfortunate that she lost such an amount of money, she probably does not have idea how scammers operates in the space otherwise she wouldn't fallen for such scam.

[EluguHcman]

So it is clear that no one in our Naija board should invest despite receiving any tempting offers from strangers Because they keep falling into such traps to grab wealth, many inexperienced people lose their money to hackers.

The news might be new but the kind of related trick about how the woman lost her funds to the scammers is an old scheme but it is still necessary to speculate the information because I believe if this Guelph woman had been aware and put efforts to stay sensitive towards that, alike, she would not had fallen into such victim.

The case of the woman and the man must be involving online or distance dating where the woman was easy to be convinced to invest or put her money there she lost it.

The digital world is so much unsafe that you can either lost your funds through hacks or scam. Several people had fallen relatively victims due to their vulnerability to trust strangers or being convinced with some cool looking means of getting rich overnight.
Investing on third parties account had also been a high risk because, you won't have access to your funds. I said this because, some third parties asks beginners or relatives who are not exposed to crypto and feels lazy to run the affairs to trust in them.

[Smartvirus]

Text messages are a very unconventional way to perpetuate a cryptocurrency scam. There is rarely any cryptocurrency exchanger or service that operates via text, cell phone number or it’s likes. Being contacted through such means should immediately raise an alarm, let alone to proceed responding to such text.

Then you wonder, just how would someone convince you well enough to invest over $140k into a project, someone you don’t know, someone you’ve never met and in an industry with no securities. It’s just crazy but, it’s a pathway to learn. She chose to learn the hard way, let’s hope she does.

[CryptopreneurBrainboss]

So it is clear that no one in our Naija board should invest despite receiving any tempting offers from strangers Because they keep falling into such traps to grab wealth, many inexperienced people lose their money to hackers.

When the offer looks too good to be true, it usually is that's the one phrase that can help you think straight when your village people want make you lose money to scammers. Why on earth will anyone believe random messages being sent to you when you aren't in any positions to be getting such an offer abi na the greediness of people they make them become easy targets to scammers because eh if you aren't greedy  and have scamming mindsets yourself, why will you rush into such offers that looks like the people offering it are the ones losing and you'll be profiting. No be thief you be yourself like this so? When I hear stories like I tell myself nobody should be in this kind of situation to lose your hard earned money so protecting ourselves from all this scammers is just what we have to do and to achieve that is by first, being self aware, informed and stay guided.