Basic Version of Fake Receipt Scams

• In this type of scam, the fraudster places an order, clicks "confirm payment," and sends a fake payment receipt. If the seller fails to verify the actual payment status and releases the asset based solely on the receipt, they may fall victim to the scam. It is crucial to log in to your bank account to confirm whether the balance has increased or check the transaction history in Alipay or WeChat Pay to verify the payment.

Advanced Version of Fake Receipt Scams (Involving Two Accounts)

• Two users place two orders for the exact same amount simultaneously. User A makes the payment but does not mark it as paid, while User B clicks "confirm payment" without actually paying and provides a screenshot of User A's payment receipt, pressuring the seller to release the asset. If the seller rushes to release the asset without verifying the payer, they may mistakenly release it to User B. In this case, User A can provide proof of payment to request the release.
• For example, an order is placed for 10,000 yuan, but only 1,000 yuan is paid, or an order for 1,000 USDT is paid with 1,000 yuan, etc. Such discrepancies should be reported to customer service to determine whether the buyer is a scammer or simply a novice user.

Collusion Fraud and Tripartite Fraud:

• Collusion Fraud (Multi-scammer Scheme): Two or more fraudsters simultaneously contact a merchant to purchase the same amount of USDT. One scammer makes an actual payment and pressures the merchant to release the coins, while another (or multiple others) quickly send forged payment receipts of the same amount to deceive the merchant into releasing the USDT. The perpetrators are frequently of Ukrainian or Russian nationality.
• Tripartite Fraud (Middleman Scam): A scammer registers a new account, posts advertisements to lure Buyer A, while simultaneously placing an order of the same amount with Merchant B. Once Buyer A sends the payment, the scammer forwards the payment confirmation to Merchant B, tricking them into releasing the USDT. The final outcome results in Buyer A losing fiat currency and Merchant B losing USDT.

Order Cancellation Scams

• In the HKD trading zone, some users may persuade the counterparty to make the payment first. After receiving the transfer, they demand the cancellation of the order, causing the counterparty to suffer losses. If a trading partner requests you to cancel an order, always verify whether you have made the payment first. Ensure there is no financial loss before proceeding.

Impersonation of Platform Officials/Channel Representatives

• 1. Scam Method 1: The fraudster adds the victim on social media or asks for their email address, then sends a link or QR code. Clicking the link or scanning the code leads to a phishing page where the victim is prompted to enter account information, log in to their Huobi account, bank account, etc., resulting in account theft.
• Scam Method 2: The fraudster asks the victim to download a meeting software or app, then requests screen sharing or remote control of the victim's device. They may also ask for SMS verification codes or Google Authenticator codes under the pretext of verifying identity, leading to account theft.

Investment Scams

• Initial Contact: The scammer adds the victim on social media platforms like WeChat, QQ, or Telegram and invites them to join a group.
• Gaining Trust: They falsely claim partnerships with major platforms or impersonate official representatives to gain the victim's trust.
• High-Reward Lures: They entice the victim with promises of "arbitrage profits," "high returns," "trading guidance," "interest-earning deposits," or "rebate schemes," while group members post fake success stories to create hype.

Impersonation of Friends

• Gaining Trust: The scammer impersonates or hacks a friend's social media account.
• Scam Method: They ask to borrow cryptocurrency for emergencies or short-term needs but avoid video or voice calls to confirm their identity. If the victim sends the cryptocurrency without verification, the scam succeeds.

Off-Platform Trading Scams

• 1. Scam Method 1: The buyer refuses to pay after the seller transfers the cryptocurrency in an off-platform trade where the seller sends the asset first.
• Scam Method 2: The seller refuses to deliver the cryptocurrency after receiving payment in an off-platform trade where the buyer pays first.
• 3. Scam Method 3: The seller delivers counterfeit USDT (not issued by Tether) after receiving payment in an off-platform trade where the buyer pays first.
• Scam Method 4: The scammer initially deposits small amounts of legitimate cryptocurrency, citing trading limits, and asks the victim to sell it on their behalf. Later, they deposit a large sum of counterfeit USDT (not issued by Tether) and disappear after the victim processes the transaction.

 

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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.