Fake Amazon (AMZ) Token Presale Scam

No, there is no symbolic presale Amazon underway, nor any Amazon cryptocurrency in the making – an old crypto scam dating back to 2021 is reviving the cryptosphere and all the rage online. Do not be fooled.

Source – Avast

Fake Amazon Token Presale

Last December, Avast antivirus published an article on its blog titled “Beware of Another Amazon Token Crypto Scam“.

The article contains screenshots of fake Amazon crypto ads that appear to have been picked up by CNBC, The Guardian, Yahoo, etc. but are actually cloned domains set up by scammers. Robots then take care of developing engagement around the project on social networks using fake comments, likes, shares, etc.

Often when this kind of crypto scam appears on social media platforms including: Twittercomments are also locked, which prevents real users from warning others by writing that this is a scam.

Has Amazon Created a True Crypto Asset?

The idea that “Amazon bought Bitcoin” or invested in cryptocurrencies in one form or another started way back in the running of the bulls of 2017, which had led people to invest in crypto holdings under the impulse of FOMO (Fear of missing out).

Then came the rumor that the retail giant might even launch an Amazon token. This rumor had developed around a job offer, but never materialized.

Amazon showed an interest in crypto and NFTs and hired a “Digital Currency and Blockchain Product Lead”, but never launched its own token and never indicated that it would.

As YouTubers pointed out this week, the AMZ token, also known by the similar names “AMZTRX” or “AMZD2X”, is a crypto project that uses the name Amazon, which is completely fake.

The search for the term ‘Amazon token presale’ was based on Ahref’s keyword data google 2,000 times a month, and the term “Amazon crypto” twice as much. Avast estimates that this scam earned the perpetrators $100,000 or more at the end of last year.

Avoid cryptocurrency pre-sale scams

Always do your own research on new crypto projects and token presales, and get a second opinion in places like redditindependent YouTube channels and well-known crypto traders on Twitter.

Crypto scams often use broken English, fake websites and pretend to be real crypto influencers or existing projects.

Never click on links sent to you unsolicited and never communicate one-on-one via DM (Direct message) – crypto group admins Telegramfor example, will never send you a direct message asking you to “validate your wallet” or provide your seed phrase.

If it sounds too good to be true, it probably is. We have reviewed several legit crypto pre-sales on this site, verified by third-party audit sites such as Solid Proof and CoinSniper.

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