Based on what is popular right now, it's probably lead generation for one of these scams:
1. I have a bunch of crypto for you sitting in an account. You can even log in to the crypto exchange and see your balance, transfer money, etc! You just have to pay a small fee to extract it. (The whole crypto exchange site is fake, and all the balances are imaginary.)
2. I have a part-time job offer for you where you get paid $2-$5 per post to like Instagram posts for my clients who want publicity. Working from home, you do it for a day or two and really get paid $300! You like easy money and keep doing it. You build up a balance of $5000 for your next payment, but now you need to pay a $150 fee to transfer that money out. (The job was totally fake, there is no ad agency, the first $300 you got was stolen money directly from other victims. People get really hooked because they are already convinced it was real and get taken for 10s of thousands.)
3. Wow, your art/photo/profile pic/etc. is so beautiful, and I want to paint it. Can I pay you a commission to use your work? Here's $2,500! Oops, I sent too much. Can you send me back $500? (The check was fake, and you will lose any money you send when the check bounces.)
The first two are the most popular right now because so many people fall for them and get so deep. Scammers need a constant feed of contacts to pull them off. People answering the phone during the day probably need some easy money. For the scammer, it doesn't matter if you have to robocall 1000 people to find one victim. It's just more free money.
It seems like there's another approach here, with a real exchange for a real shitcoin. Generating the shitcoin doesn't cost the operator anything, and if it accidentally ends up worth something, okay, fine, that's the normal crypto scam. But meanwhile, I bet a huge portion of the people who actually create an account to take ownership of the coins use credentials that they've used elsewhere... which seems pretty high value.
But wait, you're still up $150 here? I assume the numbers were somehow wrong?
And even if you bail after the first withdrawal and actually make a profit, all you've done is stolen money from another victim and may eventually get your bank account flagged for fraud or money laundering.
stuartjohnson12•1d ago