NEO warning points out a new giveaway scam

Earlier today, July 28th, the team behind the crypto project NEO published a warning on their official Twitter account. The warning claims that there is an ongoing NEO giveaway scam, which aims to trick the coin’s users on Telegram.

New NEO scam emerges on Telegram

The warning shared details regarding the scam, stating that fraudsters are promoting a 1 million NEO coin competition. In addition to this, NEO warned all users to remain vigilant and to take extra care when it comes to their sensitive data.

‼️SCAM ALERT‼️
There is again a scam Telegram group with fake giveaways. We urge the community to stay vigilant at all times and take care of your personal info especially your private key.
(👀Tips on eyeballing fake websites: check out the the fonts first…) pic.twitter.com/NVk0bVznka

— Neo (@Neo_Blockchain) July 28, 2020

They especially stressed that users should be careful to not allow their private keys to fall into the wrong hands.

The warning also included several snapshots, which reveal details of the scam, as well as other important data. One example is that scammers made an effort that goes beyond simply making a fake NEO Telegram channel. Instead, they even made entire fake websites.

The real Neo team then pointed out some differences between the real and fake sites, urging the community to check for these subtle differences before interacting with the real NEO website.

The differences are not difficult to spot for those who know what they are looking for. The text of the fake site is unprofessional, and rich with various flaws. Not to mention that the fonts are completely different, indicating that scammers did not bother too much with paying attention to detail.

Lastly, all of the fake website’s links do not actually work, which makes it easy to recognize and dismiss the fake site.

What is the scam about?

According to the scammers’ announcement, they are offering 1 million Neo coins to ‘fans around the world,’ and all they need to do to become eligible for the giveaway is send 50 NEO coins to the organizers.

In return, scammers promise to send 10x the amount that fans opt to deposit.

Such scams have been quite common recently, especially on YouTube. Furthermore, in response to NEO’s official warning, one Twitter user warned against a similar scam that took place on Twitter itself, only days ago.

Team Neo, this is just one scam. There was another scam called Neo classical went for few days in Twitter.

— neutralahmed (@neutral_ahmed) July 28, 2020