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BCH $643.09 (0.56%)
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WallStreetBets Redditors Lose $2.1 Million to Crypto Scammers

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 the current market price of BNB, this is worth around 2.1 million dollars.

Since then, the account “WallStreetBets – Crypto Pumps” has been deleted from Telegram. But the scammers left a message to the victims saying:

“Buying lambo now.”

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Joseph Joestar is a CoinQuora contributor. He works in various blockchain marketing content projects, specializing in written content such as technical whitepapers, press releases, and articles.