Cryptocurrency Scam Affects Hundreds of Small Investors
This past weekend was tough for some cryptocurrency enthusiasts who not only lost the money they approved on a presale transaction, but also lost all the money in their Trust Wallet through a deception that gave the scammers access to their entire wallet.
The victims invested in efarms, a new cryptocurrency launched by elonfarms, which operated with a Twitter account (@elonfarms), a website (elonfarms.finance), and a Telegram group (ElonFarms). All these accounts have been either deleted or deactivated.
Investors thought they approved a transaction fee to claim the presale efarms coins after the presale ended at midnight of April 23, yet lost all their tokens in their digital wallet Trust Wallet. They found out that the contract they accepted allowed elonfarms access to their entire Trust Wallet rather than the amount they committed. Many lost all their digital assets as a result.