Cybercriminals Impersonate Silk Road Founder in Telegram Scam

[arabspaceship123]

I don't know why he did it. Trump's risked his rep by pardoning Ross Ulbricht because Silk Road was used to sell drugs & weapons. He's supposed to be strong on crime so releasing Ross Ulbricht doesn't meet his promise.

Honestly, I still don’t understand the real reason why Trump released him? Do you think Trump will be criticized by his opponents in Congress for releasing Ross and thus Trump may find it difficult to get the votes needed to pass his decisions regarding Crypto?

[Z-tight]

Some of these scams are no longer as cheap as they used to be, they now use sophisticated tools that are easier to access, and because many people are not aware of the technology that make these scam more possible they can become victim to it.

While you have a point, i still believe that greed is also another reason why people get scammed. I.e. deepfake videos use Ai to impresonate celebrities and scam people, yeah it may be a called a 'sophisticated' tool, however, if people are not greedy to believe that someone would simply double whatever amount they send to them, they will not fall for this scam.

[robelneo]

Ross Ulbricht has been the talk of the town since Trump’s decision to release him, and now this new scam where attackers are exploiting his name and fame to prey on their victims.

Honestly, I still don’t understand the real reason why Trump released him? Do you think Trump will be criticized by his opponents in Congress for releasing Ross and thus Trump may find it difficult to get the votes needed to pass his decisions regarding Crypto?

This is a bad precedent and will send signals to scammers and hackers that its ok to scam and hack since you will be forgiven after a short sentence. Trump needs to understand that there are good and bad actors in the industry, and these bad actors or sentenced criminals should be put in jail and stay there for people to trust the justice system.
Unfortunately, Trump is trying to impress the cryptocurrency community that he goes overboard on this one.

[Z-tight]

This is a bad precedent and will send signals to scammers and hackers that its ok to scam and hack since you will be forgiven after a short sentence.

Two life sentences plus 40 years is a crazy punishment for a non-violent crime in the U.S., yeah the silk road was a criminal marketplace and Ross deserved to go to jail for his involvement in it, but i disagree on the number of years. I completely support the pardon by Donald Trump even though i cannot really call myself a Trump supporter.

[philipma1957]

I don't know why he did it. Trump's risked his rep by pardoning Ross Ulbricht because Silk Road was used to sell drugs & weapons. He's supposed to be strong on crime so releasing Ross Ulbricht doesn't meet his promise.

Honestly, I still don’t understand the real reason why Trump released him? Do you think Trump will be criticized by his opponents in Congress for releasing Ross and thus Trump may find it difficult to get the votes needed to pass his decisions regarding Crypto?

what makes you think ross was a big time criminal?

all the hire a hitman bs was done due to a convicted crooked death agent that is still in the jail system

[Bobcrypto]

Yes, and the inability to search thoroughly for informations with regards to investing, or whatever things that involves business transactions could be a reason why people fall for these scammers. There are people out there who just got involved on online scams because they are associated with popular persons in the society.
For example, there are many projects coin/tokens that are linked with Trump's name, some newbies took it as Trump's meme coins before the elections, unfortunately, Trump officially launched his meme coin few weeks ago and many were disappointed.

[Z-tight]

there are many projects coin/tokens that are linked with Trump's name, some newbies took it as Trump's meme coins before the elections, unfortunately, Trump officially launched his meme coin few weeks ago and many were disappointed.

Even the 'real' $Trump coin is a shitcoin and some people may even call it a scam. Some people do not want to do their research, they simply want someone to tell them that X coin will provide them with a lot of money, and then they are ready to put their money into it and they get scammed.

[Freemind]

Even the 'real' $Trump coin is a shitcoin and some people may even call it a scam. Some people do not want to do their research, they simply want someone to tell them that X coin will provide them with a lot of money, and then they are ready to put their money into it and they get scammed.

I'm not sure the definition of scam applies in the Trump memecoin case. But what I am sure of is that it is worthless and has caused many people to lose a lot of money. The ATH of $TRUMP is $75.35, and at the time of writing this post it has an economic value of $16.59, I think the numbers speak for themselves. Everyone who bought during the ATH (which would be many, thinking it would continue to rise in value) has lost mountains of money. Many people do not use their heads to think, the fear of losing a golden "opportunity" makes their hands act faster than their neurons.

[Z-tight]

I'm not sure the definition of scam applies in the Trump memecoin case.

But there is nothing different between this Trump memecoin and all the other memecoins that we call a scam, it was simply created to make the owners more money. $Trump is probably going to dump until it is zero and completely worthless, sounds like a scam to me.

[bitterguy28]

I'm not sure the definition of scam applies in the Trump memecoin case.

But there is nothing different between this Trump memecoin and all the other memecoins that we call a scam, it was simply created to make the owners more money. $Trump is probably going to dump until it is zero and completely worthless, sounds like a scam to me.

a scam is where your money is taken from you out of your willingness or when you are oblivious but if you decided yourself that you want to invest in the trump memecoin but did not get any profit from it due to lack of sustaining hype or community then that is not a scam that is simply a failed investment opportunity sometimes we have to take responsibility of our own actions

[Freemind]

But there is nothing different between this Trump memecoin and all the other memecoins that we call a scam, it was simply created to make the owners more money. $Trump is probably going to dump until it is zero and completely worthless, sounds like a scam to me.

I don't think the Trump (or Melania) coin will end at 0, at least not for now. Trump can try to make more profits through artificial pumps to get a lot of people to buy again and then dump again.

a scam is where your money is taken from you out of your willingness or when you are oblivious but if you decided yourself that you want to invest in the trump memecoin but did not get any profit from it due to lack of sustaining hype or community then that is not a scam that is simply a failed investment opportunity sometimes we have to take responsibility of our own actions

I know, they are different things. However, we all know how these coins end up, as a rule the dump reaches 0 and the "developers" delete all related information and start another "project".

Although, as I said above, Trump will likely come back for more money with his coin and his wife's coin.

[Baofeng]

Even the 'real' $Trump coin is a shitcoin and some people may even call it a scam. Some people do not want to do their research, they simply want someone to tell them that X coin will provide them with a lot of money, and then they are ready to put their money into it and they get scammed.

I'm not sure the definition of scam applies in the Trump memecoin case. But what I am sure of is that it is worthless and has caused many people to lose a lot of money. The ATH of $TRUMP is $75.35, and at the time of writing this post it has an economic value of $16.59, I think the numbers speak for themselves. Everyone who bought during the ATH (which would be many, thinking it would continue to rise in value) has lost mountains of money. Many people do not use their heads to think, the fear of losing a golden "opportunity" makes their hands act faster than their neurons.

It's because they are buying the hype, and that's why we always says that investing in meme coins is very dangerous as it is a pump and dump and that's what happens to $Trump. Some of those who think that the price is going to continue to increase was wrong.

Because those entities who enter early was the first one to sell giving them a lot of profits. With that when the price goes down, many are trap and the only way to get out is to lose your money, very unfortunate for them.

[LogitechMouse]

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Honestly, I still don’t understand the real reason why Trump released him? Do you think Trump will be criticized by his opponents in Congress for releasing Ross and thus Trump may find it difficult to get the votes needed to pass his decisions regarding Crypto?

Ross Ulbricht has a huge name towards the crypto community and in order for Trump to get the votes of the community, he must do it. Forget the contents of the Silk Road back then because he's the first ones that invented a website where Bitcoin is accepted - something that Satoshi wants to because it's a currency.

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Everyone who bought during the ATH (which would be many, thinking it would continue to rise in value) has lost mountains of money. Many people do not use their heads to think, the fear of losing a golden "opportunity" makes their hands act faster than their neurons.

TRUMP is bounded to fail ever since. I mean it's just a meme coin that popped up out of nowhere and it doesn't have any use case at all. On the flip side though, there will still be people that will buy that coin for some reasons just like PEPE and all other meme coins out there. Feel sad for those who lost a ton of money on TRUMP and even in MELANIA token though.

[Freemind]

It's because they are buying the hype, and that's why we always says that investing in meme coins is very dangerous as it is a pump and dump and that's what happens to $Trump. Some of those who think that the price is going to continue to increase was wrong.

Because those entities who enter early was the first one to sell giving them a lot of profits. With that when the price goes down, many are trap and the only way to get out is to lose your money, very unfortunate for them.

The problem with that is that many people do not know when to start buying (they buy too late) and they do not know when to start selling (they lose all their investment), that is the biggest problem with hype, in addition to knowing the right times and also knowing when to exit the game on time even if it is with little profit instead of losing everything.

TRUMP is bounded to fail ever since. I mean it's just a meme coin that popped up out of nowhere and it doesn't have any use case at all. On the flip side though, there will still be people that will buy that coin for some reasons just like PEPE and all other meme coins out there. Feel sad for those who lost a ton of money on TRUMP and even in MELANIA token though.

That Trump's memecoin and Melania's memecoin are garbage that should not even exist since they are very clear evidence of an abuse of power is a fact, but not everyone has lost with those two memecoins, apart from some buyers who saw the "opportunity" in time, the president and his wife have earned hundreds of millions. Hundreds of millions that others will never recover.