WallStreetBets forum members targeted in Telegram cryptocurrency scam

WallStreetBets moderators posted two weeks ago to beware of offers that might try to use the forum’s name as a way of attracting an audience. That thread is currently pinned at the top of the forum. — Reuters

Members of Reddit’s WallStreetBets forum were targeted in a probable cryptocurrency scam that could have left its victims with at least US$2mil (RM8.23mil) in losses.

Using the Telegram messaging service, an account called “WallStreetBets – Crypto Pumps” offered users the chance to buy a new token known as WSB Finance before it was listed on crypto exchanges, in what is referred to as a pre-mine sale. The account isn’t affiliated with the infamous stock message board.