Fake Trump Coin Offering Spreads Online

[TomPluz]

An image circulating online appears to show a Donald Trump statement hawking "Trump Liberty Coins" that can be purchased cheaply and immediately exchanged at a bank for hundreds of times their value. But the supposed screenshot is fake, the former US president's 2024 campaign told AFP, and no such message appears on his website or Truth Social feed.

"I would like to thank all of my patriots that have shown their support throughout the years, and currently. The best way for me to give back to you is the Trump Liberty Coins project!" the supposed statement says.

"So Trump is raising money by selling Trump Liberty Coins for $149 and is telling buyers they can immediately sell it at Bank of America for $100,000," says Alan Rosenblatt, an adjunct professor at The George Washington University, in an April 11 post. "That really sounds like fraud."

Taken from this news site.

Scammers can really be so creative and they are watching current events to see potential personalities whom they use to victimize people. I think same strategy was successfully deployed in the past using famous names and celebrities to get the attention of many who can be influenced either to buy something or to share their private keys with the promise of airdrops.  Sadly, there can still be some to fall victims to this scheme as everyday new people are entering the cryptocurrency industry and many of them are still starting in their learning curve on how to stay safe and secure navigating the many ins and outs of cryptocurrency. Were you once a victim of a similar-looking scheme to defraud you of your hard-earned money?

[examplens]

Scammers can really be so creative and they are watching current events to see potential personalities whom they use to victimize people. I think same strategy was successfully deployed in the past using famous names and celebrities to get the attention of many who can be influenced either to buy something or to share their private keys with the promise of airdrops.  Sadly, there can still be some to fall victims to this scheme as everyday new people are entering the cryptocurrency industry and many of them are still starting in their learning curve on how to stay safe and secure navigating the many ins and outs of cryptocurrency. Were you once a victim of a similar-looking scheme to defraud you of your hard-earned money?

Not only is it unbelievable to me that someone believes in such stories and loses money on similar schemes. I find it more incredible that someone who is able to believe this has any money at their disposal.

[AGM]

Thanks for sharing your valuable information. Because investors are very interested in meme coins at this time. When they know the name of any new memecoin, especially if that coin is the name of a celebrity, they invest in it without any Investigation. Within a few days of investing, they cry for losing their money. If your information reaches or can be seen by those investors then they can be saved from such trap.


I even saw a site where scammers created meme coins with Misspelled with the name of celebrity. The point of sharing this is that some investors are so crazy that they don't even notice common mistakes. In this regard the utmost vigilance of the investor can guard against such situations.

[Lucius]

If someone falls for such a cheap trick, he definitely deserves to learn a lesson the hard way - because how something you bought for $149 can be worth even $100 000 at the same moment

Maybe some supporters are so zealous in their support for their candidate that they don't think at all, and maybe scammers count on just such people. If only I could see the faces of those who come to BOA and ask for $100 000 for their Liberty Coin

[Rruchi man]

If someone falls for such a cheap trick, he definitely deserves to learn a lesson the hard way

New investors within this period will be the most victims. Their inexperience will cost them a lot.

The only new investors who will not fall are those who are well informed from being members of a forum like this or have properly done their research. For other investors who are misinformed and have not tried verifying what they have heard will pay the price.

[yhiaali3]

I remember when Trump won the presidential election for the first time, there were a lot of people who hated him, so they created a coin called “FUCK Trump.” This coin became very popular at the time.

In any case, it is not surprising at all that scammers exploit the names of projects to trap their victims and steal their money, especially since new news started saying that Trump has become a supporter of Bitcoin and cryptocurrencies.

They have done this before with many big names and one of the most famous was Elon Musk who had several Scam coins appear in his name. Everyone should be wary of these scammers and know right away that using big names is a very common type of scam.

[SamReomo]

I have seen many of those Trump coins on meme coins markets and most of those are scams/rug-pulls.

The coins often come with huge liquidity of 100k and more. When investors start investing in it the rug/puller remove the liquidity and take the money of the investors.

I have personally lost some money investing in meme coins, and I would never recommend to go for those again.

[bayu7adi]

Using the name "Trump" as we know he is a rich man in the US... and promising profits by buying coins from fraudsters, then giving false promises to sell them elsewhere at high prices. This is clearly a scam.

If Trum Coin can be priced at $100k, why is the coin seller only selling it for $149? Even though selling it directly to the place he indicated clearly provides more profits. It sounds like an arbitrage method, and only fools can believe that this is real. Logic must remain in play so that we all don't easily get caught in foreign fraud schemes that we don't even know about yet.

[LogitechMouse]

~
Scammers can really be so creative and they are watching current events to see potential personalities whom they use to victimize people. I think same strategy was successfully deployed in the past using famous names and celebrities to get the attention of many who can be influenced either to buy something or to share their private keys with the promise of airdrops.  Sadly, there can still be some to fall victims to this scheme as everyday new people are entering the cryptocurrency industry and many of them are still starting in their learning curve on how to stay safe and secure navigating the many ins and outs of cryptocurrency. Were you once a victim of a similar-looking scheme to defraud you of your hard-earned money?

Creative?? It's your opinion I know, but I disagree with that part.

I don't see this way of scamming people "creative". Why? I mean if the investor will just use at least 10% of their IQ to think then they will notice that this is fake hence, a scam attempt by what I called as "newbie scammers". $149 turning to $100,000??? That alone is an obvious scam already. Even the most legit investment can't give at least 50% return. Just thinking on how this is possible will make you realize that it's a scam. Those who fell for this trap are the dumbest investors. Sorry for the word though

As for the final question, no I'm not, and I will never for these kind of scam attempts. For me, they're newbie in scamming people, and their only target are newbies as well, and maybe some dumb investors out there. It's a very common way of scamming people, and I hope that we all didn't fell for this scam attempt because I believe that all of us here are intelligent enough to distinguish which are scam and which are not.

[ABCbits]

On top of claim you can get $100K by spending $149, it also claim you can obtain that $100K almost idiomatically.  But since the bank doesn't mention any victim or financial loss, i guess almost nobody fell for this scam attempt.

In any case, it is not surprising at all that scammers exploit the names of projects to trap their victims and steal their money, especially since new news started saying that Trump has become a supporter of Bitcoin and cryptocurrencies.

In addition, Trump also sells various goods including shoes, his own NFT and even bible. So it's also not surprising few people find scam coin/token/goods with label "Trump" doesn't sound unusual.

[hugeblack]

Election candidates' campaigns are looking for donations to finance their political activities, and they are not investment means that give a quick return, and it is impossible for your investment to double in a limited time.

[yhiaali3]

In addition, Trump also sells various goods including shoes, his own NFT and even bible. So it's also not surprising few people find scam coin/token/goods with label "Trump" doesn't sound unusual.

Yes, I've seen Trump's NFT collection. It looks funny, especially the ones where he looks like Superman. It also caused a stir when Trump's NFT collection, known as the "Mugshot Edition," offered an exclusive reward to those who purchase more than 100 NFTs from the collection:

Trump’s NFT collection, known as the “Mugshot Edition,” has introduced an exclusive reward for those who purchase more than 100 NFTs from the collection.

This reward comes as “One-of-One” trading cards, classified as Bitcoin Ordinals, creating a buzz among NFT enthusiasts.

https://www.binance.com/en/square/post/2946448357273

Trump is a strange man and has interesting behavior. We hope that he will become a real supporter of cryptocurrencies if he wins the presidential election.

[Lucius]

~snip~
Trump is a strange man and has interesting behavior. We hope that he will become a real supporter of cryptocurrencies if he wins the presidential election.

For me, the word "strange" in the context of describing him as a person is a very mild term, especially if we know that he is co-responsible for the attack on state institutions that resulted in the death of innocent people. I would rather use the term "man with dangerous intentions", because everything that he announces through his campaign seems bad or even extremely bad, and without going into concrete things, it would have consequences not only for the US, but also for the rest of the world.

If one day someone says that Bitcoin is "a scam against the dollar", and the next day "It's an additional form of currency...", then we see that the person is just adapting to trends and trying to win over voters from that part of the spectrum. If he becomes president again, I think we can expect much stricter regulation of Bitcoin in the US, and considering the unpredictability he often shows, I would not be surprised if he makes some drastic decision to ban Bitcoin completely or at least partially.

[robelneo]

Absolute fraud who will believe in this kind of offer

"By investing in one Trump Liberty Coin for only $149, you can get $100,000 by exchanging it right away at Bank of America!"

This is meant to discredit Trump because he is running in the next election, I don't know his chances he better groom himself this early, news like this is bad for his image.

If I may recall there was a coin named after him that was 6 or 7 years ago the coin is a big promotion for Trump's candidacy back then, but it's a dead coin now.

[Captain Corporate]

There are a million of these, I remember clearly in 2018 it was even bigger news because they had so many "celebs" promoting tokens, and in reality those celebs had nothing to do with those projects and they were not really promoting it, but they made it look like some of them did. And sometimes some of the celebs were paid for it so it was real as well, but they were shitcoins and those celebs didn't care about the project at all, they just got paid AD money that's it. In the end, Trump fake stuff are of course understandable, there are too many terrible people in the world who would do this.