Huobi Token
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Scammers Continue To Operate Despite Lower Crypto Interest - NEO and Huobi Users Affected

Scammers continue to operate in the cryptocurrency market despite the fact that the bull market of 2017 has been left behind and that interest for virtual currencies has decreased in recent years. There are several cryptocurrencies and platforms that have been affected in recent times due to scammers trying to steal users’ funds through a diverse range of methods. 

NEO Users Affected

The NEO Smart Economy account on Twitter has released an official warning about Telegram groups that are currently promoting NEO or token giveaways. This is something that has affected a large number of users over the last years. Scammers use fake Telegram accounts that seem to be legit and impersonate exchanges, support teams from blockchain projects and more, in order to get funds from their respective communities. 

In this case, the NEO scam was promoted using Telegram and users were sending funds to a scammer that promised to give money back to those users that send funds to a specific address. Of course, once the user sends money or cryptocurrencies to the account provided by the scammer, he can be sure he will never see the funds doubling. 

‼️Scam Alert‼️ There is a fake Telegram group publishing scam “giveaways”.Please take care of your private information at all times and Neo will never ask for your addresses for any activity. Please join our official Telegram group for latest updates: https://t.co/xgbySAhK9l pic.twitter.com/kApuF48jqm — Neo Smart Economy (@NEO_Blockchain) June 10, 2020 Huobi Informs About Phishing Websites

Using Telegram groups is not the only way that hackers and scammers have in order to steal funds from users. Indeed, another way of doing so is by creating phishing websites that look the same as the original website of an exchange, in this case, Huobi. Huobi is one of the largest cryptocurrency exchanges in the world. 

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🚀#Huobi launches $NEO staking!Make your crypto work for you!Tutorial 👇@NEO_Blockchain https://t.co/iNv3bGldnT— Huobi (@HuobiGlobal) July 9, 2020