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WallStreetBets Forum Members Targeted in Telegram Cryptocurrency Scam

  • More than $2 million Binance Coin likely sent for sham tokens
  • WallStreetBets moderators warned of frauds using forum’s name

Members of Reddit’s WallStreetBets forum were targeted in a probable cryptocurrency scam that could have left its victims with at least $2 million 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.