I encountered a scammer who wiped out my USDT through a targeted liquidation.
He is a USDT merchant on Binance, called Min D Trading Company. He added me on WeChat for capital verification through Binance. I was buying from a merchant for the first time and only found out later that there were issues.
The scammer's WeChat ID: LM00783, The3367; the fraudulent trading platform: SKCOIN; the counterfeit currency: NEY.
The scammer operates on more than one platform; they are a professional gang. They are distributed in Guangzhou and Hong Kong. Exchanges like SKCOIN, SILK, PQP, HP are all theirs.
1. He claimed to sell USDT, and after adding him on WeChat, he said I didn’t meet the requirements, then inquired about my information, impersonated a seasoned trader, and advised me on trading. He repeatedly asked about the USDT price but didn’t respond. He only asked about my positions and trading situations.
2. After gaining my trust, he told me to go to Fei Xiaohao, download the SKCOIN exchange, which had 200x leverage, and instructed me to withdraw USDT to SKCOIN.
3. He first made me buy ETH to lower my defenses, then made me buy NEY, a counterfeit coin, at which point I realized this coin was only listed on SKCOIN.
4. He said he would open positions in sync with me and guided me step by step on how to operate, but also repeatedly asked for screenshots of my SKCOIN position, which I now realize was to set me up for a targeted liquidation.
5. He encouraged me to short, while NEY continued to rise. During this time, he urged me to keep adding to my position. I later realized something was wrong and stopped adding, planning to cut my losses.
In the end:
I blame myself for trusting the wrong person and being foolish; there were so many details to suspect, and I should have cut my losses. Blindly trusting USDT merchants, discussing market conditions made me let my guard down, resulting in my final loss. It was the first time I learned about such counterfeit wallets and counterfeit coins. A moment of inattention could lead to liquidation, and these scammers were specifically targeting my principal. They said I was greedy, yet I was anxious about losing 100 on my position; the platform's data was lagging, and I was unaware, still over-trusting that this person was a real trader.
The purpose of this exposure is to specifically target newcomers in the cryptocurrency world. I have already reported the case and was blacklisted by this scammer on WeChat.
#骗子 #USDT Merchant Contract Scam