Understanding Offline Transaction Scams

Offline transaction scams are among the most common forms of fraud in the digital asset space. Criminals often entice users with offers such as low-priced goods, high returns, or artificially inflated coin buying prices. Once users transfer their digital assets to the scammer's account, the scammer either refuses to deliver the goods or blacklists/deletes the user, resulting in asset loss for the victim.

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Types of Offline Transaction Scams

Scam 1: Luring Users with "Low-Priced Goods" Scammers contact users via social media platforms like Telegram and WeChat, offering goods such as recharge cards, fuel cards, phone cards, game accounts, software, mobile phones, QQ numbers, and mobile data at prices far below market value. Once users transfer their digital assets as instructed, the scammer either fails to deliver the goods or blocks/deletes the user.

Scam 2: Offline Coin Buying and Selling Scammers attract users by offering to buy coins at prices above the market rate. After the user transfers their coins, the scammer blacklists them, leaving the user unable to recover their assets.

Scam 3: Inducing Transfers to Scam Platforms Scammers offer high returns as bait, encouraging users to transfer their coins to fraudulent platforms like "pig butchering" schemes for trading. Initially, users may see some profits. However, as they invest more, they either continue to lose funds or are asked to pay additional deposits to facilitate withdrawals.

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How to Prevent Offline Transaction Scams

• Be Cautious of Private Messages from Strangers: Avoid trusting unsolicited messages on platforms like Telegram, WeChat, or other social media. Criminals often exploit users' desire for quick gains, so be cautious and skeptical of offers that seem too good to be true.

• Do Not Fall for Enticing Information: Resist the temptation to engage in private transactions offering high returns, low buying prices, or discounted products. These offers are common tactics used by scammers to exploit users.

• Avoid Private Transactions for Virtual Goods: Refrain from engaging in private transactions for virtual goods like recharge cards, game accounts, or digital assets through unofficial channels. These types of transactions are risky and often lead to fraud.

• Only Use Official Trading Platforms: EasiCoin does not encourage users to conduct private transactions outside the platform. If a scam occurs in such a transaction, EasiCoin will not be able to assist in resolving the issue. Always try to operate on trusted, official trading platforms to safeguard your assets.

• Terminate Risky Transactions Immediately: If you encounter a risky transaction or realize you’ve been scammed, stop the transaction immediately and minimize your losses.