🚨⚠️ Cryptocurrency arbitration scams by fraudsters on Telegram
⚠️🤔 Cryptocurrency arbitration scams on Telegram have become increasingly common and sophisticated. Here I explain how they work, how to identify them, and how to protect your community:
🚨 How do these scams operate?
Scammers often create fake investment channels that promise quick profits through "automated arbitration" between exchanges. Some tactics include:
• Fraudulent bots that simulate successful trades and show supposed profits to build trust.
• Requests for cryptocurrency deposits with the promise of immediate returns.
• Fake proofs (screenshots, testimonials, manipulated graphs).
• Cloned channels that imitate legitimate projects, using similar names, logos, and posts.
🧠 Warning signs
• Promises of guaranteed or risk-free returns.
• Pressure to invest quickly (“limited spots”, “last chance”).
• Channels where you cannot write or interact (only admins post).
• Suspicious links or external forms for “verification.”
• Bots asking for private keys, 2FA codes, or banking credentials.
🛡️ How to protect yourself and your community?
• Always verify official channels from the project websites.
• Do not share private keys or security codes.
• Enable two-step verification on Telegram.
• Report and leave any suspicious channel. You can check this list of scam channels on Telegram.
• Educate your community with infographics and guides on how to identify scams.