3/23/2023 0 Comments Bitpay scamA confidential internal company document reported by TechCrunch suggests that Telegram has lately been gaining some 50,000 new users daily and expects to reach 200 million users in the first quarter of 2018. Telegram's recent growth appears to have coincided with the recent digital currency mania. He noted that "being a part of well-managed professional crypto pump groups like Crypto Callz is just getting early info on a coin" and wasn’t worried about Telegram cracking down on such efforts. “What we are doing is perfectly legal,” a Crypto Callz administrator who identified himself as Maxwell Anderson told BuzzFeed News. These groups are easy to find, mostly free to access, and largely unpoliced by Telegram, which has become the go-to gathering place for bitcoin and “altcoin” traders to exchange news, tips, and, increasingly, to orchestrate cryptocurrency scams. Their goal: to conjure speculative buying frenzies around new digital currencies and cash in on them. “Together we profit!” it exclaims.Ĭrypto Callz currently has about 5,729 members, and it's one of dozens of pump-and-dump groups that have set up shop on Telegram, one of the world’s most popular messaging apps. Quick, polished animations offer a seemingly easy paint-by-numbers path to crypto riches: Open an account on a New Zealand–based cryptocurrency exchange! Follow our Telegram channel for what coin to buy and purchase it as soon as possible! Watch as your coin's value increases "by 1000% to 2000%!" The video concludes with a burst of animated dollar-bill stacks. “Welcome to Crypto Callz, a leading cryptocurrency pump group where we skyrocket the value of coins for six hours at a time,” an unnamed narrator explains in a slick welcome video. Crypto Callz, a free-to-join chatroom on Telegram that artificially inflates the price of cryptocurrencies, is not shy about advertising what it is.
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