Authorities say scammers approach victims on peer-to-peer trading platforms, then move conversations to WhatsApp or Telegram and send fake verification links designed to empty wallets.
An Indian cyber crime department has warned about a rise in cryptocurrency scams aimed at Trust Wallet users. According to the alert, scammers first make contact on peer-to-peer trading platforms such as Binance, then shift the conversation to messaging apps including WhatsApp and Telegram. The fraud relies on fake wallet verification links that are intended to drain victims’ crypto wallets. The pattern reflects a common social engineering tactic in crypto fraud, where attackers try to move users away from monitored platforms and into private chats before sending malicious links.