WallStreetBets moderators had warned of crypto scams in their name yet scammers were able to trick members into sending $2 million in Binance Coin (BNB).
Real-time scams are no joke and especially not when cryptocurrency is involved. According to reports, members of the WallStreetBets (WSB) forum were scammed into a cryptocurrency deal that may have left some of the Reddit users at a loss of $2 million.
Despite a helpful post by the moderators pinned to the top of its page, warning its members of possible fraudulent activity via Telegram and cryptocurrency, some people fell for the trap.
The WSB Telegram scammer just scammed folks out of over $1mill and counting smh from r/wallstreetbets
The forum members who were involved in the scam were enticed to buy a new form of cryptocurrency token called WSB Finance. That hook was that the cryptocurrency was being offered before its official launch – something that’s referred to as ‘a pre-mine sale.’
According to Bloomberg’s report, during the scam, some members were asked by an account called “WallStreetBets – Crypto Pumps” to send over Binance Coins, known as BNB, or Ether to a cryptocurrency wallet and then to contact its ‘token bot’ on Telegram to receive WSB Finance coins.
