Crypto Assets eyecwash resurfaces, Newbie investors need to stay alert

With the ongoing boom in the Crypto Assets market, more and more Newbie investors with dreams of wealth are flocking to this field. However, this "fresh blood" has unfortunately become the new target of some outdated eyewaash. Recently, a "Deposit ETH Risk-Free Rebate BNB" scam that claims to be associated with a well-known exchange has resurfaced, using the platform coin BNB as bait to attract users to invest, and many inexperienced Newbies can easily fall into the trap.

Since the beginning of this year, more than ten victims have sought help from a certain data platform, with total losses amounting to nearly 2.12 million RMB, highlighting the harmfulness of such eyegash schemes. In light of this, this article will analyze this counterfeit mining pool scam from multiple angles, aiming to help users enhance their investment discernment and asset security awareness.

Analysis of Eyewash Operation Methods

Based on the information provided by the victims and their experiences of being deceived, we can reconstruct the main steps of the eyewash:

1. Disguised social media groups

Eyewash usually starts in a carefully disguised social media group. Victims may join a "certain well-known exchange liquidity BNB moving brick community" that claims to have nearly 50,000 members through a friend's introduction. These groups often have a large number of online users and use names and logos similar to legitimate platforms, making it difficult for newbies to discern authenticity.

The group is filled with various role-playing scammers, some promote high returns, while others pretend to be Newbies seeking advice. New victims can easily be deceived by this atmosphere of "guaranteed profits, everyone gets rich", not realizing that apart from themselves, everyone else in the group is a scammer.

2. Well-packaged project introduction

Scammers will provide a seemingly professional project introduction, claiming to pool the ETH provided by users into a mining pool through the "flash exchange smart contract" of a certain exchange, and then distribute it to users in need of ETH for exchange transactions using DeFi technology. They claim that each transaction can generate a profit of 0.2-1%, and the invested ETH will be returned in BNB form within a short period.

This explanation exploits the real concept of liquidity mining in the Crypto Assets field and misappropriates promotional materials from legitimate exchanges, making the eyewash more deceptive. It is worth noting that a significant portion of the project introduction is dedicated to detailed investment operation guides, including how to download wallets, register on exchanges, purchase and transfer ETH, etc., with the aim of ensuring that victims can smoothly complete the "investment" process.

3. Small Rebate Bait

Scammers will arrange a "customer service" that is online 24 hours a day to guide newbies at any time. To gain trust, they usually return the corresponding BNB when the victim makes a small investment as promised. This initial "sweet taste" will encourage the victim to invest more, hoping to gain more profits through cyclical arbitrage, ultimately leading to significant financial losses.

Case Fund Tracking Analysis

According to statistics, the losses of victims in such eyegash cases generally range from 1 to 20 ETH, mainly involving newbie investors. Through the analysis of blockchain addresses from multiple cases, it was found that the methods of fund laundering vary across different cases, and the correlation between suspect addresses is low. This indicates that the "deposit ETH and receive BNB" eyegash may be carried out by multiple independently operating scam groups, who regularly change their operating addresses, but the promotional language and scamming methods are quite similar, forming a complete industrial chain.

For a specific case, a certain suspicious address has received 16 transfers from 8 victims, totaling 23.62 ETH, approximately 440,000 RMB, since its activation in a short period. By tracing the source of the transaction fees for this address, it was found to be associated with a certain trading platform. Currently, these illicit funds remain on the blockchain and have not been transferred, and relevant monitoring and tracking efforts are ongoing.

How to Identify Real Investment Activities

Newbie investors often lack the ability to discern well-packaged false investment projects. Here are some suggestions for identifying the authenticity of official activities:

1. Verify Official Certification: Check if the social media account has an official certification mark.

2. Use official channels: Legitimate investment activities usually have a dedicated entry set up within the official APP, and will not only guide users to transfer funds directly to a certain address through text.

3. Multiple information verification: Cross-verify the authenticity of investment activities through multiple channels, and do not blindly trust activity links posted only in social groups.

4. Counterparty Risk Assessment: Before conducting a Crypto Assets transfer, perform a background check on the receiving address to avoid transactions with addresses that pose risks.

Overall, investing in Crypto Assets is not a get-rich-quick scheme. For Newbie investors, it is essential to thoroughly learn relevant knowledge, enhance risk awareness, and carefully assess the authenticity of projects before entering this field. Only by being well-prepared can one steadily move forward in this market filled with opportunities and risks.