Some time ago there was a scam prevalent on social media which promised to double your money – you simply send Bitcoin to a specified ID and they would return twice the amount to you.
As unbelievably stupid as this sounds – thousands of people did reply and sent money to a stranger expecting to get twice as much back.
The only thing they got a was a shock that it was a scam and this scam circulated for months before disappearing.
It has re-emerged but in email form this time.
The title of the email is “You have received 2700 XLM in your wallet”
XLM is the name a currency run by the Stellar Network and uses Lumens as the name of the coins. It is a competitor to Bitcoin.
The message then explains that you should send $100 worth of Bitcoin to a specific ID and in return you will receive $400 worth of XLM which gives you an instant profit of $300.
Obviously no-one gives away lots of money and it’s a simple scam but sadly some people’s greed and stupidity will lead them to a harsh lesson.
Do enter your email address and click on the subscribe button on top right to keep up to date with new posts.