Social Media Marketers’ Post

How Someone Got Trapped in the Yotemo Crypto Scam. Someone I know recently fell victim to a cryptocurrency scam involving the Yotemo exchange. They saw a post on social media related to an ICO (Initial Coin Offering) that promised huge returns. Enticed by the potential gains, they contacted the scammers via social media. The scammers showed them fake screenshots of profits and added them to a WhatsApp group filled with fake users posting profit screenshots, creating an illusion of legitimacy and success. Believing the scam was genuine, they transferred almost $7,000 to the scammers via bank transfer. The scammers then provided login details for a fake trading exchange called Yotemo. Upon logging in, they saw some fake tokens in their account. Over a few days, the token value seemingly increased, and their fake portfolio showed a jump from $7,000 to $140,000. The scammers then sent a legal notice, urging them to withdraw their funds immediately and giving a deadline. They also threatened to share their details with the Indian government after the deadline. When they tried to withdraw the funds to their bank, the fake exchange demanded an additional deposit of $5,000 as a transaction fee. In desperation, they contacted me for help with the withdrawal and to investigate the exchange. In just 15 minutes, I analyzed and understood that they had been trapped in a crypto scam. I realized that the exchange was fake and the scammers were defrauding Indian users. I immediately advised them not to deposit any more money and to go to the cyber cell to file a complaint before the deadline, knowing the scammers would likely shut down their fake website afterward and move on to new victims. I suggested they file a complaint with the cyber cell and have scammer account frozen because if the account is frozen with funds, the cyber cell can potentially return the money to all victims and use it to aid in their investigations and tracing of the scammers. Scam Techniques Used in This Case: 1:- Social Media Promotion: The scammers used social media posts to promote an ICO with promises of high returns to lure victims. 2:- Fake Screenshots and Testimonials: They created fake profit screenshots and added the victim to a WhatsApp group with fake users posting false testimonials to build credibility. 3:- Fake Trading Platform: They provided access to a fake trading exchange called Yotemo that showed fake tokens and fabricated portfolio growth. 4:- Legal Threats: The scammers sent a legal notice with a deadline to pressure the victim into making quick decisions. 5:- Additional Fees for Withdrawal: They demanded more money under the guise of transaction fees to withdraw funds, further exploiting the victim. By understanding these techniques, individuals can better protect themselves from falling victim to similar scams. Always verify the legitimacy of investment. #scam #crypto #fraud #cybercrime #fakeexchange #yotemo #OpenToWork #cryptocurrency #cryptoscam