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Difference between revisions of "Direct message scams"
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|'''Pump and dump group invite''' | |'''Pump and dump group invite''' | ||
|Victim receives an invite to a "Pump and dump" group (naming usually involves a word "pump"). After the scammers gather enough people, they coordinate all participants of the group to purchase some specific low cap/low volume token. The trick is that they pre-purchase the selected token before the pump and sell as soon as the participants of the group buy. There will be a few people who will manage to sell the token at the profit, but most will loose money. Scammers then will provide some fake of preselected "proof" of majority being profitable | |Victim receives an invite to a "Pump and dump" group (naming usually involves a word "pump"). After the scammers gather enough people, they coordinate all participants of the group to purchase some specific low cap/low volume token. The trick is that they pre-purchase the selected token before the pump and sell as soon as the participants of the group buy. There will be a few people who will manage to sell the token at the profit, but most will loose money. Scammers then will provide some fake of preselected "proof" of majority being profitable | ||
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