The Litecoin Foundation warns of a scam that tempts to distribute 100,000 “LTC” units
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Answer The Litecoin Foundation warns of a scam that tempts to distribute 100,000 “LTC” units
Chance Arab Bitcoin Among the most important topics he deals with on a daily basis are frauds and warnings against them so that the Arab community is safe from them.
Recently, David Schwartz, director of the Litecoin Foundation, warned of an apparent scam on YouTube.
David Schwartz says that a YouTube channel recently broadcast a video of the Litecoin 2019 summit pretending to be happening live.
**Attention**
There is a fake Litecoin Foundation YouTube channel tricking people out of their sites #LTC as we speak.
Do not believe the channel and what it has to offer! This is not the official YouTube Foundation channel.
Read:Dollar Rally Affects Bitcoin and the US Stock Market…What’s Next for Bitcoin?
Thanks Tweet embed
– David Schwartz (aka Dasch) (DaddyCool1991) December 23, 2019
The video description incorrectly states that the Litecoin Foundation is now offering 100,000 LTC.
Where the video searches for people holding Litecoin to send it to a specific address in exchange for a larger amount of LTC in the future.
Therefore, caution must be taken from this channel or from similar channels that offer tricks based on the possibility of doubling money in a short circumstance and using different descriptions, but in the end all of them are poured into the sea of fraud.
There are also similar schemes targeting Ripple holders on Twitter through invitations to participate in fake contests to win some Ripple coins.
New scam alert
These tweets will lead you to a webpage or youtube, trick you into sending XRP, and convince you to get back twice or more XRP in return!!!#XRPCommunity! Never send your XRP to these scammers! This is nothing but a SCAM! pic.twitter.com/S3bsXhcBmE
– 🐼PandaRippleXRP🐼 (RipplePandaXRP) December 17, 2019
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