Byteball - New Identity Thieves On The Block

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Perhaps you've heard about Byteball, some kind of new small payment system it says, with a neat small wallet. It uses DAG and even looks surprisingly similar to IOTA, the other big scam.

But unlike and "better" than IOTA which is merely a black hole for lost funds they are largely on the hunt for personal data and ID, but you will lose both, funds AND your ID details.

How does it work. Through their wallet built in "chat" and a telegram group you agree to enable a number of different access rights and provide info you would normally not do. Why would you? Because they promise you direct cash rewards, something like 12$ for "real name verification", which is the very first on the list, before email (!).

To do this you however have to pay first for "using the service" which cost 8$, and obviously the verification fails (after you've sent them a copy of your ID and pic). If you want to try again you need to pay 8$ again and so on.....nice rip of so far.

But it continues, after you spent those 8$ for the failed "real name verification" they offer you another 10$ for "email verification". Which of course never arrives.

So you have spend 8$ in real money, sent them your ID, picture and email address and they are free to do with it whatever they want.

Pretty perfect identity theft in my opinion.

STAY AWAY!