With Bitcoin breaking through the high point of the last bull market, many investors who have never been exposed to cryptocurrency have begun to ask how to invest in cryptocurrency and want to enter the market to gain high profits. However, people who lack cryptocurrency investment experience are buying cryptocurrencies. Currency can be a prime target for fraud.
AMS89K, AMS59K were widely circulated in the Youtube comment area...
Recently, messages about tokens such as AMS89K and AMS59K often appear under many Youtube channels, with hundreds or even thousands of likes. This strange phenomenon is suspected to be to increase the exposure of the tokens. Robot accounts generate a large number of comments and likes. In addition, according to DZone’s observation, Youtube channels usually explain content related to technology, finance, and cryptocurrency before they are targeted by bot accounts.
Fake cryptocurrency Youtuber promotes tokens such as AMS89K
On the other hand, if you search for similar keywords such as AMS89K on YouTube, you will see many videos of cryptocurrency Youtubers explaining about these coins. However, if you look closely, you will find that these Youtube channels are all fake accounts, as everyone is accustomed to. KOL creates fake accounts to lure people in.
Let's take VirtualBacon, an encrypted Internet celebrity with 343,000 subscribers, as an example. In his X platform profile , he posted the URL of his Youtube channel. You can see that the Youtube URL in the lower right corner matches the URL in the profile. However, in the lower left corner, Although the promotion of AMS99T is similar, it is obviously inconsistent with the official Youtube website. Therefore, when readers watch such investment channels, they must double-check whether the channel is a fake one.
Inducing viewers to the pre-sale website to purchase scam coins
In addition, we found that every video explaining AMS-related tokens will include a pre-sale URL at the bottom to induce viewers to purchase related tokens.
After clicking on the URL, you will be redirected to this fake Amazon webpage. The website will display a countdown timer, making the audience feel that there is not much time left, which will have a psychological effect of quickly transferring money to purchase. However, according to actual testing in the mobile area, this countdown timer is returning to zero. Afterwards, the countdown will restart as soon as the page is refreshed.
After clicking "BUY AMS NOW", the page will jump to AMSSWAP, which is suspected to be a decentralized exchange. The page will ask for the quantity of AMS to purchase. After selecting, click "Swap to AMS" and it will jump to the SWAP LAUNCHED payment page on the right. , and asks viewers to transfer cryptocurrency to that address.
However, the above series of operations are all intended to defraud the audience's funds. This is also a common fake website fraud in virtual currencies. The website does not include functions such as linking to web3 wallets and operating EVM smart contracts. Therefore, the mobile zone reminds all users , be careful when conducting any fund authorization or transaction, and be vigilant to protect personal assets.
