Most of the ICO's do some kind of airdrops or bounty, and one of the requirements to get the airdrop is to register to a telegram channel. The popular ones are filled with allot of investors, bounty-hunters and people checking the market to see if it's worth it .Some are dumb, some are smart, some are really idiots , some have a language barrier and do not easily understand, and some are just playing dumb( our scammer case)

I don't know if i really should call it a scammer, as it kinda makes the victim seem immoral and bad

Honey pot scam

I got a bit curious after i noticed a user in telegram pasting his ETH Private key.

He played dumb and said smth like : Can you help me, i haven't received my airdrop - this is my private key [..] (In bad English)

Soon some people tried to tell him to delete that msg, as some scammers could try to steal his assets. ( Little did they knew..)

But he pasted again that same key and message

Some people, after 5-10 min, wrote that it's a scam. And it was.

How it works

It's intended to profit from people's greed. You see the private key. You get curious and go see if it's a real thing , what could happen, right?

You log on, and you see a large amount of tokens in his ETH account. In this case there was about 1200 ICX , about 3k $ .You have the private key,and a thought pop in your head. S T E A L IT. And you think you got to act fast, maybe others saw that private key also . But WAIT!!

There's no ETH for gass fee.

You send some ETH to that account from your own personal account to cover the gas fee so you can steal this guy hard-worked money .

You try to send and-------- ERROR ---- NO ETH FOR GAS FEE

But wait. You just sent some ETH..What happened ?

Immediately after you send ETH, it gets sent to another address. (Maybe it's a smart contract)

YEP, YOU GOT SCAMMED

The thing is, WHO'S THE BAD GUY? Him, for beeing smart and gets to profit from people's greed? OR YOU , for trying to steal dumb people's money?