Ethereum Giveaway Scams Still Out There and Promoted on Facebook

Written by Bill Toulas
Last updated September 25, 2021

Last month, we warned our readers about fake cryptocurrency giveaways that were promoted on social media, tricking people into giving away money with the promise that they’ll get back three, five, or even ten times the amount. The fraudsters are tricking people by claiming these campaigns are supported by billionaires like Elon Musk and are using relevant “space themes” that create a false sense of realism. As one of our readers who fell victim for such a scam a couple of hours ago reports, these campaigns are still going strong.

As the tipster told us, he paid 0.5 Ethereum to the scammers, which is the equivalent of about $100 right now. When 30 minutes passed by and no amount ever reached the giveaway participant’s wallet, he thought that he would contact the page admin via chat, or even leave a public message on their wall. However, he was swiftly blocked and his messages were promptly removed from the scammer’s Facebook page. The name of the page is “Moon Inc.”, and it seems to be very active, with posts that promote Bitcoin and cryptocurrencies in general, billionaire quote memes, and thousands of likes and followers.

scammer's wallet

Our tipster got fooled by the legitimate looks of the page, the number of likes, and the comments of users who claimed to have received the promised amounts and even uploaded screenshots to prove it. As expected, this was all fake reviews and comments added by the scammers themselves, but they were still enough to trick potential victims like our reader. In fact, the page promoted the giveaway as a celebration for their "amazing Facebook community", allegedly giving away a total of 500 Ethereum. The scammers called people to send 1 to 5 Ethereum to get back 3 to 15 but accepted the amount of 0.5 Ethereum from the victim after reassuring the man that he can still take part on the giveaway.


The particular wallet that was used for this malicious purpose has only the aforementioned transaction recorded, but this doesn’t mean that our tipster was the only victim of the scammers. There are many campaigns of this kind out there, and each actor uses multiple wallets as several get reported along the way. Let this unfortunate story work as a reminder for people not to believe in Facebook comments below cryptocurrency giveaways. Without any doubt, these are all scam campaigns and nothing more. If you come across one, let us know on our Facebook portal so others can get the tip before they fall for it.

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