The T-SET incident caused YouTubers to take down videos to apologize, Taiwan's largest virtual currency investment scam! Take you to understand what is the Rug Pull scam

YouTube is frying

A while ago, some YouTubers introduced a virtual currency investment APP called T-SET in their own videos, and said that the profit rate can reach 90%, which made a lot of people join in to make money by surprise and joy.

But just last week, everything changed. Searching for T-SET, you can see that the Internet celebrity Show You even came out to apologize, because he took over the job, and Wanggou also issued a statement urgently, and they all changed the original film. Removed in case more people get hurt by watching their videos

At the same time, many videos began to appear for everyone to analyze the events of T-SET running away and cutting leeks.

What the hell is going on? What is T-SET?

T-SET/Roboset virtual currency operation robot

Although I can't find their official website now, I can still find this APP called T-SET through the App store and Google Play Store

Although this app has only a 3.8 star rating, the number of downloads is as high as 10,000

T-SET is also known as Roboset. They claim to be using the app's robot to operate virtual currency. The public only needs to put virtual currency into the platform to make a very high profit.

High profits attract people to join

In his App, you can see that you can earn up to 105% profit after 90 days of capital investment? !

At this time, everyone has to think: Is such a high profit really okay?

Find a well-known YouTuber

In order to increase its credibility and attract more users to invest money, T-SET recruited Xiuyu and Wanggou as homework partners. Originally, they wanted to find a cool teacher, but they did not succeed in the end.

And they first gave these YouTubers 2000~3000 USDT for free, let them use the money to invest and see, so that they can actually make money, and then take a video and share it with fans

System hacked? Can't get the money?

Then after everyone saw the YouTuber's video and T-EST's attractive profit gimmick, they invested a lot of money in it, expecting to get several times the profit in a few months.

Unexpectedly, just last week, some people began to find out how the money could not be withdrawn , and all the funds in it were all returned to zero ! Everyone asked the customer service, but the customer service said it was because the system was hacked, and it is now under maintenance

If you want to get your money back, you need to invest money first and show your sincerity

What's even worse is that T-EST's project team told the victims that they would help everyone get back the stolen money, but the victim must first take out 50% of the stolen money ? ! ! !

Using large sums of money to prove that you are not lying and being sincere is a common method used by fraud groups. Just like many loan frauds, people will be asked to invest a sum of money to prove that they are able to repay in the future, but in fact this is all fraud. , this kind of proof method is not reasonable at all, and it is not a responsible attitude of an enterprise

Rug Pull (soft carpet) scam

Although the customer service said it was a hack, is it really so? Next, we will point out the doubts of T-EST for you.

But first, let's take a look at what is Rug Pull (soft carpet), rug means small carpet, and Rug Pull you can imagine it as rolling up the carpet, which means the Chinese roll up and leave~

I suggest everyone to watch Netfilx's documentary "Don't Trust Anyone: Virtual Currency Unsolved Case" , which is a classic real case of Rug Pull

How to spot a Rug Pull scam

1. Frequent domain switching and name changing

According to the videos of Cool Teacher and Tommy Cat , we can know that this T-SET is originally called RoboSet , and the logo is completely different from now.

If it is a normal brand, you should be very cautious in the determination of the name and logo. You will not change the name to the logo at will, or even change the domain name, because this will confuse the original users, and the name will be different from the logo. It has to go through trademark examination every time, which should be a very complicated process.

And every time the domain is changed, it is necessary to purchase a domain. It is not possible to build it casually, but he has changed several domains one after another:

• www[.]robosetus[.]com/
• share[.]tokensets[.]vip/
• tset[.]app
• cn[.]tstset[.]com/

This is actually what fraud groups often do, because they are often reported by the public and marked as fraud by 165 or anti-fraud experts. In order to avoid investigation, they have to keep changing their website and name, pretending that nothing has happened.

2. Authenticity of team members

Some fraudulent trading platforms often use other people's names to pretend to be platform employees, such as the BitVex scam a while ago, directly pretending that Musk is their CEO, but in fact there is no other information showing that Musk runs the company BitVex

According to the video of the cool teacher, this T-SET had also sent a video to the victim before, saying that their Taiwan headquarters had many employees, but if you look closely, this picture does not look like a formal discussion within the company at all.

3. Low risk, high reward

All investment scams have this sign, that is, they often propose an excessive profit. This is the case with the booming stock newsletter scams that we have often received recently. They use high profits to attract people to join.

And T-SET even said that he can have a 105% profit! Be sure to remember that the higher the profit, the greater the risk ! If you have been focusing on low-risk high-reward, be careful, this may just be trying to trick you into entering

Some will even send you a sum of money for you to invest first, and then let you make a small profit, so that you will invest your own money thinking that he can really make money, and then wait until you invest more and more, and the scam group will start. Ready to roll up

3. Directly listed as a scam

Now go directly to one of T-SET’s websites: share[.]tokensets[.]vip, you can see that the entire webpage has been blocked by the Criminal Police Department, and said, “ The webpage you linked to is suspected of involving fraud, in order to prevent the public from being deceived. stop parsing "

And their other websites have also been listed as unsafe links by fraud prevention experts , so next time you are not sure whether it is a scam or not, you only need to pass the URL to the fraud prevention experts , and you will know the security in one second. not safe

Comprehensive Fraud Prevention Toolkit:

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• Get to know Fraud Master: Fraud Master Official Website
• Identify fraudulent websites in one second: anti-fraud expert chatbot
• Discuss fraud with everyone: fraud prevention experts - National Anti-Fraud Notification Center