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Telegram Crypto Scams Surge 2000%: A Growing Threat

A recent report from Scam Sniffer reveals a staggering 2,000% increase in malicious Telegram group scams since November. These scams, often impersonating popular projects or teams, have targeted unsuspecting users with fake investment opportunities or phishing links.

Between October and November alone, the number of scam groups jumped from 3,000 to over 60,000, with fraudsters making away with an estimated $13.3 million during this period. These groups use social engineering tactics, often preying on FOMO to lure victims.

The rise in scams coincides with the growing popularity of Telegram in the crypto space, making it a hotbed for fraudulent activity. Users are urged to exercise caution, double-check official communication channels, and avoid engaging with unsolicited messages or links.

While specific losses are difficult to measure, the rapid rise in such scams highlights their alarming success rate. Scam Sniffer urges caution with Telegram verification requests. Show Less

https://cointelegraph.com/news/malicious-telegram-group-scams-have-increased-2000-since-november-scam-sniffer
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