Crypto Assets Emerging Investment Eyewash: ETH Deposit Return BNB Eyewash Analysis

Recently, a group of new Crypto Assets investors entered the market with dreams of wealth, only to unfortunately become new targets of an old eyewash. The scam method of "deposit ETH for risk-free returns in BNB" has resurfaced, using the name of a well-known trading platform and its platform coin as bait to attract users to invest, causing many novice investors to fall into the trap.

Since the beginning of this year, multiple victims of such eyewash scams have sought help, with a cumulative loss amounting to nearly 2.12 million RMB, highlighting the serious harm of this scam. This article will analyze this scam from multiple perspectives, aiming to enhance investors' ability to identify it and raise awareness of asset security.

Eyewash Operation Mode

Based on the information provided by the victims, we can reconstruct the basic operation process of the eyewash:

1. Eyewash social groups

Eyewash usually starts in a social media group. Victims are invited to join a "liquidity arbitrage community of a certain trading platform" that claims to have about 50,000 members. The group uses identifiers similar to those of legitimate platforms, has a large online presence, and can be very misleading to novice investors.

The group is filled with a large number of fake accounts, some boasting huge profits, while others pretend to be newbies asking for advice. This atmosphere can easily mislead genuine novice investors into thinking that they have entered a "risk-free" investment circle.

2. misleading project introduction

Scammers will provide a seemingly professional project introduction. They claim to have a smart contract system that can pool the ETH provided by users into a mining pool, offering exchange services to other users through DeFi mechanisms. Each transaction is said to generate a profit of 0.2-1%, while the ETH provided by users will be returned in the form of BNB within a short period.

This explanation cleverly borrows the concept of liquidity mining that genuinely exists in the field of Crypto Assets and appropriates promotional materials from a well-known platform, increasing its credibility. At the same time, the project introduction provides extensive investment operation guidelines, including how to buy, transfer, and stake Crypto Assets, ensuring that novice users can smoothly complete the "investment" process.

3. Customer service guidance and small cashback

The eyeglass scheme has "customer service" available online 24/7 to answer user questions and provide guidance. To gain trust, the scammers will return a certain amount of BNB when users make small investments. This initial "sweetener" often tempts victims to increase their investment, ultimately leading to greater losses.

Fund Flow Analysis

Analysis of multiple cases shows that the amount lost by victims usually ranges from 1 to 20 ETH. Interestingly, the money laundering methods vary across different cases, and there are few connections between the suspect addresses. This indicates the possible existence of multiple independently operating scam groups that use similar rhetoric and techniques, but each maintains different operational addresses.

Taking a typical case as an example, a certain suspect address received a total of 16 transfers from 8 victims within one month of activation, amounting to 23.62 ETH, approximately 440,000 RMB. By tracking the source of the transaction fees for this address, it was found to be associated with a certain trading platform. Currently, this illicit fund has not been moved on the blockchain.

Prevention Suggestions

New investors are particularly susceptible to being deceived by such carefully packaged eyewash. Here are some tips for identifying the authenticity of investment activities:

1. Verify official certification: Social media accounts of legitimate platforms usually have an official certification mark.

2. Use official channels: Real investment activities usually have dedicated entrances set up within the platform APP, rather than just instructing users to transfer funds directly to a certain address through text.

3. Multi-channel verification: Cross-verify the authenticity of investment activities through multiple official channels, and do not blindly trust information that is only posted in a single social group.

4. Address Risk Assessment: Before making a transfer of Crypto Assets, assess the risk of the recipient's address to avoid transactions with addresses that have a suspicious history.

Overall, investing in Crypto Assets is not a quick path to wealth. Novice investors should thoroughly learn relevant knowledge before entering this field, enhance their risk awareness, and carefully assess the authenticity of each investment project. Only with adequate preparation can one safely explore in this market full of opportunities and risks.