Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

WallStreetBets Redditors Lose $2.1 Million to Crypto Scammers

CryptocurrencyMay 08, 2021 05:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
WallStreetBets Redditors Lose $2.1 Million to Crypto Scammers

  • Members of the Reddit forum WallStreetBets were targeted by crypto scammers
  • 3,451 Binance Coin (BNB), around $2.1 million worth were taken
  • The scammers offered “WSB Finance” token before it’s listed in exchanges
Recently, members of the r/WallStreetBets subreddit were targeted by a Telegram-based initial coin offering scam. The scammers took $2.1 million dollars worth of Binance Coin (BNB) and never delivered the WSB Finance tokens that they offered.

According to Bloomberg, the pre-mine sale accepted BNB and ETH in exchange for WSB Finance. However, the buyers never received any tokens after sending their BNBs to the scammers’ BNB wallet.

Shortly after, the Telegram scammers announced that there was a problem with the transactions. They urged users to send an equal amount to the wallets again or they would lose their initial investment.

After a while, 3,451 Binance Coin (BNB) was removed from the crypto wallet. As per...

This article was first published on coinquora.com

Continue reading on CoinQuora

WallStreetBets Redditors Lose $2.1 Million to Crypto Scammers
 

Related Articles

Senator Cynthia Lummis excited to buy the Bitcoin dip
Senator Cynthia Lummis excited to buy the Bitcoin dip By Cointelegraph - Jun 23, 2021

United States Senator Cynthia Lummis, a Republican from Wyoming, took advantage of a deeply discounted Bitcoin (BTC) price this week by adding to her holdings. In the wake of yet...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Zack ZAck
Zack ZAck May 08, 2021 4:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
sounds like an article aiming to make the subreddit look bad. mentioning crypto on WSB gets you an insta ban. let alone run a scam. you need better sources.
Seamus Hackett
Seamus Hackett May 08, 2021 4:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
They unbanned crypto a while ago bud
Zack ZAck
Zack ZAck May 08, 2021 4:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
this article sounds like a big lie. no data, no source, nothing! discreting the subreddit maybe?
John Conaghan
John Conaghan May 08, 2021 4:28PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
haha
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email