On July 29th, 2019, Thailand’s popular crypto news outlets Siam Blockchain and Bitcoin Addict Thailand posted an announcement on their Facebook pages to warn the public about an ongoing scam, according to a report by tech news outlet Beartai.
Copies of both outlets’ Facebook pages were allegedly created by foreign con artists intent on scamming crypto users in Thailand.
Suspicious Facebook pages lifted the profile picture and names used by the two agencies’ pages to post announcements inviting crypto users to deposit Bitcoin (BTC) into a digital wallet address, promising instant profits of up to 100 BTC.
The announcements were reportedly found on crypto forums and communities based in different countries around the world. The scammers have also created fake Facebook accounts to leave comments substantiating their bogus claims.
Despite the unconvincing comments written in machine-translated Thai, official crypto news outlets are nonetheless taking precautions and raising awareness of the fraud in order to prevent unwanted damage. Readers are told to never give out their digital wallet private key or transfer their cryptocurrency to profiles with too-good-to-be-true offers.
Earlier this year, 30 victims in Thailand filed a police report over the alleged investment scam, “CryptoMining.Farm,” which reportedly duped 150 individuals out of 42 million baht (US$1.34 million).
About Asia Blockchain Review
Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.
Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.
Follow Asia Blockchain Review on:
We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us