In Gochenour’s case, he spent several weeks messaging with someone who seemed romantically interested in him before she brought up “liquidity mining.”
Then one day, when he had transferred about $5,000 of his own money to the wallet, he woke up to check the balance and the money was gone. When he looked at a website his scammer had directed him to, to try to understand what had happened, he saw a “contract.” He contacted the scammer about it, and she told him to contact “customer service,” who told him to put in another $10,000 in order to get all of his money back, plus bonuses.
Offers also tend to come with time pressure: “Make big money fast!” “Once-in-a-lifetime offer, gone tomorrow!” Or elaborate steps that require infusions of more money at each stage, such as the liquidity mining con that Gochenour experienced. The scammer typically paints a picture of what life will be like when you’re rich. But no one can guarantee a return, and anyone who promises a no-risk investment is a fraud.First, take time to research the offer. Scammers want to rush you, so slow down.
Scammers will also exaggerate the significance of current events, following headlines and tying their pitch to the news. By making an opportunity seem exciting, innovative, and timely, they hope a target will commit without having fully researched the offer.
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