Am I Being Scammed By A Prominent YouTuber?

[David92506]

I'm A Newbie: How To Tell If I'm Being Scammed.
ADVICE
I joined a popular professional crypto YouTube channel and began one-on-one mentoring through Discord.

He trades on webulltradingbot.com, and he wants me to join that site so he can guide me.

In my research, webulltradingbot.com seems legit. But it's been operating for just one year.

I told him this and he claims this site offers unique opportunities that other sites don't. I open an account and do a wire transfer of $10,000 to it. It's Chase Bank in Ohio.

Now he is pressuring me to put more money into the account so I can make more money.

There is another site called webull.com and I mistakenly sent them an email asking a question. They replied back and said they are not webulltradingbot.com. They claim that webulltradingbot.com is a fake site.

I told my Mentor this and he said it's a legit site.

Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?

[Syedbesharat]

It's possible that this person is legitimate and simply wants to earn a higher commission from you. However, there is also a chance that they could be a scammer. The important thing to consider here is that by starting with a large amount, you may be seen as an attractive target for further investment. To protect yourself, it's advisable to begin with a smaller amount and avoid disclosing the actual amount of funds you have to anyone. Your safety is paramount, so it's wise to withdraw your funds and only invest a small amount on that particular site. Take care and make smart decisions.

[DabsPoorVersion]

I am uncertain whether the website you are using is fake or if your mentor is the one scamming you. However, the way your so-called mentor addresses you and harasses you by requesting more money for the purpose of making more money seems suspicious to me. I advise you to stop giving him money and try to learn trading on your own. There are numerous courses available that you can apply for, or you can watch YouTube tutorial videos to gain knowledge. Don't let anyone take your money.

[Ambatman]

i believe this says it all. I don't usually trust my funds in another to help me invest and give me returns because i believe if they that good they wont be needing my capital.

Even if a pro is at coinbase doesn't guarantee they are legit. KYC in place might help only if the transaction was via the CEX. I doubt they would.

[examplens]

OP he probably won't read anything here, but I believe there are great chances that he will return the money that was stolen. It's a wire transfer, not crypto, there must be real people behind everything. Also, Youtube influencer is not inaccessible to the competent authorities.

i believe this says it all. I don't usually trust my funds in another to help me invest and give me returns because i believe if they that good they wont be needing my capital.

First, no legal platform will ask you for additional money to enable you to withdraw. That's a big red flag.

By the way, who the hell invests $10,000 or anything at all based on the advice of a YouTuber?

[robelneo]

I don't usually trust my funds in another to help me invest and give me returns because i believe if they that good they wont be needing my capital.

When it comes to investing huge funds the principle has always been

Do Your Own Research

do not trust your hard-earned money to anyone or you will be burned just like what happened to the guy in your picture, there are so many deceptive people in the industry not because a Youtube channel has thousands of followers and reviews you can trust this people, figures, and numbers can be manipulated they can buy views, followers, and reviews because scamming is a huge business.

[Evgenklm]

Unfortunately, there is a lot of fraud in crypto, and there is no escape from it.  Sometimes scammers disguise themselves so well that it is difficult to recognize the truth.  In your case, I would try with a small amount, and check everything carefully, and by the way, your remark is justified, why not trade with such a blogger on Coinbase. This casts doubt on all this.  I would check everything again and think ten times whether you need to transfer that amount to unknown sites.

[Halidma]

I'm A Newbie: How To Tell If I'm Being Scammed.
ADVICE
I joined a popular professional crypto YouTube channel and began one-on-one mentoring through Discord.

He trades on webulltradingbot.com, and he wants me to join that site so he can guide me.

In my research, webulltradingbot.com seems legit. But it's been operating for just one year.

I told him this and he claims this site offers unique opportunities that other sites don't. I open an account and do a wire transfer of $10,000 to it. It's Chase Bank in Ohio.

Now he is pressuring me to put more money into the account so I can make more money.

There is another site called webull.com and I mistakenly sent them an email asking a question. They replied back and said they are not webulltradingbot.com. They claim that webulltradingbot.com is a fake site.

I told my Mentor this and he said it's a legit site.

Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?

To prevent such situations, as a newcomer to the system, it's advisable to inquire promptly about any challenges you encounter.

[Litzki1990]

This kind of promotion by YouTubers is a kind of fraud. I have seen many YouTubers who promote various scam schemes and praise the scam scheme to all the subscribers and followers they have and say that they have invested in the scam scheme themselves. Watching his followers invest huge amounts of money without a second thought, but when the project disappears from the market and ordinary investors get cheated, the YouTuber misleads his followers. YouTubers have a reason to do this, that's why Bad Project makes his videos so that investors with his referral code invest and he gets a referral commission. He takes referral commission from investors but if the project is scam he doesn't want to take it again and again, it will not be wrong to call them direct fraud.

[Freemind]

"Cryptocurrency and blockchain expert", "famous Youtuber", it's all the same... All those experts have a lot of advice to sell to others, but they don't take advantage of them, why?. The answer is very simple, they just want to sell smoke, ideas that have no kind of background and get visits and money. No one, I repeat, no one should invest their funds in something that someone has told them. The only thing that has value is our own analysis and search, on that we can base our profits or losses, not on what someone says. DYOR.

[Dr.Bitcoin_Strange]

Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?

@David92506, more than 70% of the crypto trading investment schemes or video tutorials you see on YouTube, Facebook, Twitter, Telegram, or any other platform on the internet are likely scams, so be mindful of where you are investing your money.

If you actually have such a huge amount of money to invest, don't be in a rush to make an investment in every platform yoy come across, they may offer you a huge percent of quick profit but don't be fooled; rather, you can purchase some fractions of Bitcoin and hold them in your personal wallet, and when the bull market comes, you will surely make profit.

Just take, for instance, the fact that you said you transferred $10k to him, which was in the month of June 2023, and back then, Bitcoin was still in the range of $30k. Take a look at the Bitcoin price today. If you had use that $10k to buy Bitcoin, you basically would have made some profit by now, and it will still be more profitable by the time Bitcoin spikes to $100k either this year or next.

Don't just trust anyone you see on the internet; there are a lot of scams there. Do a proper review of the information you get before taking any further steps.

I told him this and he claims this site offers unique opportunities that other sites don't. I open an account and do a wire transfer of $10,000 to it. It's Chase Bank in Ohio.

Well, if you sent the person that money through a bank wire transfer, then I think you can actually track that account to the real owner. This will require you to report the case to the criminal departments in your country that are responsible for handling cases like this.

[Unbunplease]

Personally, I don't recommend investing based on the advice of those who run cryptocurrencies. It is known that coin developers specifically pay them a lot of money to advertise their coins. But there is no guarantee that these coins are not fraudulent

[Hatchy]

The best advice for you, at things point, is to back off and disconnect your self from what ever business or mentorship you have with that person. From what you have said, he is obviously trying to scam you and making you think that he's legit. You should be smart enough not to trust just anyone you meet on the internet no matter how close they might play to be. Ones they get your money, it's over they cut all contact with you and your money will be gone. You should be smart and security cautious. Social media is one of the highest means fr scamming people theses days so please be careful and stay away from mentorship traders who claims to be experts and wants you to learn by investing in them.

[CryptoLaila]

Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?

You have enough evidence  to stay negative on that site but if you still choose to go on then consider it at your risk.

The "Add more funds" is an enough reason to sense that there's is something fishy going on, I don't know how much you trust this person but know thispeoplecan change. So I will advice you  not trusting anyone especially when it comes to funds 

[JoyMarsha]

I told my Mentor this and he said it's a legit site.

Why is he pressuring me to add more funds? Wouldn't a professional crypto trader be trading on a more popular site, such as Coinbase?
Am I being paranoid thinking that he created webulltradingbot.com and is now a rogue YouTuber trying to scam people out of their money?

OP, as far as crypto is concerned don't allow anyone to pressure you to take a step you would later regret to take in the first place. In crypto, you don't invest or trade because someone you know asked you to because whatever losses you experience out of crypto, you will be the one it will hit on the most than the person who asked you to invest or trade with huge money.

Someone being your mentor, doesn't actually mean that you should lose your senses by trusting them completely without you having your own say in what is not acceptable by you to do freely when it comes to spending or trading more than you can't afford to lose.