Liquidity Mining Scam: A Tale of Online Deception

liquidity mining scam

How The Liquidity Mining Scam Works

Watch out for the new Liquidity Mining Scam. It is going around and makes more and more victims willing to experience the mirage of the crypto niche. I will show you exactly how the scam works. Let me explain.

In the vast and interconnected world of cryptocurrency, opportunities for financial gain abound. However, along with legitimate ventures, scams lurk and prey on unsuspecting individuals eager to increase their wealth. One such fraud recently brought to light is the liquidity mining scam for ETH, a deceitful operation that has left victims recounting their harrowing experiences.

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In this article, I’ll provide details of a specific case involving a victim (his name is Mario) who encountered the scam through a platform named using an app called Fintoken. The victim’s journey, guided by the enticing prospect of profits and a newfound connection, ultimately led to financial loss and the realization of a sophisticated fraud.

The Prelude: A Virtual Encounter

Our victim’s narrative begins with a seemingly innocent interaction on WhatsApp. A mysterious girl named Jessie Nataya Jirawan initiated contact. She expressed her desire to visit Romania, where Mario was, and sought guidance from our unsuspecting victim. The phone number she is using on WhatsApp is (44) 7361-159757.

Below are some screenshots of the chat initiation.

nataya jirawan

What started as a casual conversation soon became a purported friendship. Soon, Jessie Nataya Jirawan expressed interest in a romantic relationship. Little did our victim know that this was the initial phase of what experts call the “Pig butchering method“. This is a gradual process of gaining trust before the impending financial exploitation.

But wait, there is more. Here is how the Liquidity Mining Scam happened.

The Deceptive Platform:

As the connection between the victim and the scammer deepened, Jessie Nataya Jirawan introduced Mario to the fraudulent platform, coupled with an app called Fintoken. The victim was promised an enticing 2% daily return on their initial deposit of 100 USDT.

The scammer skillfully used the allure of quick and substantial profits to entice the victim into depositing more significant sums of money over time.

The Smart Contract Temptation

After a series of successful deposits, the victim was presented with a new layer of deception. It was the promise of a new smart contract that purportedly allowed users to gain 10 ETH. Displaying a fictitious success story of her own, claiming to have gained 69 ETH, Jessie persuaded Mario to invest even more.

Despite the victim’s hesitation and desire to withdraw funds to verify the operation’s legitimacy, the scammer reassured them, offering a loan of 3000 USDT in case of any unfavorable outcome.

Below are some screenshots of the victim’s account and the digital signature. scam

The Revelation: A Narrow Escape

As the victim’s account balance reached 4199 USDT, the realization of the scam began to dawn. The demand for an additional 3800 USDT to gain the promised 10 ETH triggered alarm bells.

Recognizing the fraudulent nature of the scheme, the victim wisely chose not to deposit further funds, ultimately avoiding a potentially significant financial loss.

Key Takeaways: Learning from the Experience

The liquidity mining scam, as experienced by our victim, underscores the importance of vigilance and skepticism in the cryptocurrency landscape. As the allure of quick profits and the promise of financial gain continue to attract individuals, consider doing three things: exercise due diligence, verify the legitimacy of platforms and offers, and be wary of unsolicited online connections.

In a world where the line between genuine opportunities and scams can be thin, individuals must equip themselves with knowledge and skepticism to navigate the cryptocurrency space safely. The tale of Mario serves as a cautionary reminder that, in the digital realm, not everything that glitters is gold.

How To Detect A Fraudulent Crypto Site

The best way to avoid all the fake crypto sites (in all industries) is to easily detect and block them. How to do that? Two ways – see below:

1. There is a powerful tool that notifies you if a website is real or not. You should install a browser extension called Guardio HERE (we tested it, it works and is worth every penny). It automatically blocks 100x more harmful websites than competitors and 10x more malicious downloads than any other security tool. Very effective not just for crypto sites, but for all websites on the internet. A must-have.

2. If you feel a website might be suspicious, feel free to verify it using our unique Scam Detector validator – check scam websites here.

How To Report The Liquidity Mining Scam

Let your close family and online friends know about the Liquidity Mining Scam. Share this article if it was helpful. Officially, you can report criminals and any other suspicious crypto activity to the Federal Trade Commission – FTC (most important), the Office of the Inspector General, and the FBI Internet Complaint Center by using the pages below:

Report To The FTC Here
Submit a Claim to the Office of the Inspector General Here
Report To The FBI Internet Complaints Center Here

How To Protect Yourself More

If you want to be amongst the first to receive notifications about the most notorious scams every week, subscribe to our Scam Detector newsletter. You will receive periodic emails from us with insightful tips. Both crypto and general. That will include how to prevent fraud and information about the newest tools you can use to fight crime.

Meanwhile, feel free to educate yourself with some other Amazon fraud-related articles. They are listed under this paragraph, so that you know more about online security. Last but not least, if you have any bad experiences, make sure to use the comments section below to expose other scammers.

Cryptocurrency Scams: Full List

Top 4 Crypto Mining Scams

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selma hrynchuk
Selma HrynchukSelma is a fraud prevention specialist renowned for her expertise in private eye investigations and a remarkable partnership with law enforcement agencies. Beyond her investigative triumphs, her public speaking engagements and written works have empowered countless individuals to protect themselves and stay ahead of deceptive schemes. Selma's legacy shines as a tenacious agent of change, unyielding in her commitment to battling fraud and ensuring a safer world for all.

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