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#192 - This Crypto Scam Is Targeting Aussies Right Now.
Build sovereign wealth, join Australia’s Fastest Growing FREE crypto community 👉 https://www.skool.com/matthewfraser
🔗 TAKE ACTION:
Borrow against Bitcoin (no selling): https://learn.ledn.io/collective
Australia's #1 Crypto Exchange: https://coinstash.com.au/auth/signup?a=cryptocollective
Secure your Bitcoin: https://bit.ly/TheBitcoinWay-Schedule-a-Call
Sponsorships/Collabs: [email protected]
In this episode, Matthew breaks down a real case involving TPK Trading, a platform already listed on ASIC’s investor alert list and actively targeting Australians. He walks through the exact documents, messages and tactics used to trap an investor into sending over $120,000 in “fees” to unlock fake profits.
What you’ll learn◼️ The step‑by‑step playbook scammers use: social proof, fake dashboards, technical jargon and escalating “compliance fees”
◼️ The red flags that appear in every pig‑butchering scam, including mismatched wallet addresses, invented smart‑contract holds and impersonation of real companies
◼️ The actions you must take immediately if you’re targeted, and how to verify platforms properly before sending a single dollar
Timestamps:
00:00:00 - Introduction
00:01:02 - How the Scam Begins Through Social Proof
00:01:24 - Fake Profit Statements and Emotional Manipulation
00:03:00 - No Self‑Custody and No On‑Chain Verification
00:03:38 - The Fake “EDDR” Compliance Email
00:04:57 - The $121,000 Ethereum Payment Demand
00:05:18 - Technical Red Flag: ETH Requested to a Bitcoin Address
00:06:10 - Invented Technical Jargon Used to Confuse Victims
00:07:15 - Sunk Cost Trap and Escalating Demands
00:08:16 - New $135,000 Compliance Fee and Blackmail
00:09:13 - Victim Realises the Scam
00:10:09 - Multiple Personas Used to Maintain Trust
00:11:17 - Key Mistakes Victims Commonly Make
00:12:22 - Universal Red Flags in Pig‑Butchering Scams
00:14:12 - The Defining Feature: Paying More to Unlock Funds
00:15:08 - Technical Errors and Jargon Overload
00:16:16 - Pressure‑Plus‑Apology Manipulation Pattern
00:17:20 - How to Verify Platforms Properly
00:18:01 - What To Do Immediately If You’re Hit
00:19:12 - Industrial‑Scale Scam Operations
00:19:58 - ASIC Warnings and WhatsApp/Telegram Risks
00:20:32 - Strengthen Self‑Custody and Scam Awareness
__________
Avoid fakes- Follow the ‘real’ Matthew Fraser:
https://www.instagram.com/immatthewfraser/
https://www.tiktok.com/@immatthewfraser
https://www.facebook.com/immatthewfraser/
https://x.com/MatthewFraser
https://bit.ly/MatthewFraserLinkedIn
__________
**DISCLAIMER**
This is not financial, investment, tax, or legal advice. I'm not a licensed advisor. Bitcoin and SMSF strategies can carry significant risks; consult a qualified tax accountant and SMSF specialist before making any decisions. I may earn affiliate commissions from links I share, but this doesn't affect your cost.
View all episodes
By Matthew FraserBuild sovereign wealth, join Australia’s Fastest Growing FREE crypto community 👉 https://www.skool.com/matthewfraser
🔗 TAKE ACTION:
Borrow against Bitcoin (no selling): https://learn.ledn.io/collective
Australia's #1 Crypto Exchange: https://coinstash.com.au/auth/signup?a=cryptocollective
Secure your Bitcoin: https://bit.ly/TheBitcoinWay-Schedule-a-Call
Sponsorships/Collabs: [email protected]
In this episode, Matthew breaks down a real case involving TPK Trading, a platform already listed on ASIC’s investor alert list and actively targeting Australians. He walks through the exact documents, messages and tactics used to trap an investor into sending over $120,000 in “fees” to unlock fake profits.
What you’ll learn◼️ The step‑by‑step playbook scammers use: social proof, fake dashboards, technical jargon and escalating “compliance fees”
◼️ The red flags that appear in every pig‑butchering scam, including mismatched wallet addresses, invented smart‑contract holds and impersonation of real companies
◼️ The actions you must take immediately if you’re targeted, and how to verify platforms properly before sending a single dollar
Timestamps:
00:00:00 - Introduction
00:01:02 - How the Scam Begins Through Social Proof
00:01:24 - Fake Profit Statements and Emotional Manipulation
00:03:00 - No Self‑Custody and No On‑Chain Verification
00:03:38 - The Fake “EDDR” Compliance Email
00:04:57 - The $121,000 Ethereum Payment Demand
00:05:18 - Technical Red Flag: ETH Requested to a Bitcoin Address
00:06:10 - Invented Technical Jargon Used to Confuse Victims
00:07:15 - Sunk Cost Trap and Escalating Demands
00:08:16 - New $135,000 Compliance Fee and Blackmail
00:09:13 - Victim Realises the Scam
00:10:09 - Multiple Personas Used to Maintain Trust
00:11:17 - Key Mistakes Victims Commonly Make
00:12:22 - Universal Red Flags in Pig‑Butchering Scams
00:14:12 - The Defining Feature: Paying More to Unlock Funds
00:15:08 - Technical Errors and Jargon Overload
00:16:16 - Pressure‑Plus‑Apology Manipulation Pattern
00:17:20 - How to Verify Platforms Properly
00:18:01 - What To Do Immediately If You’re Hit
00:19:12 - Industrial‑Scale Scam Operations
00:19:58 - ASIC Warnings and WhatsApp/Telegram Risks
00:20:32 - Strengthen Self‑Custody and Scam Awareness
__________
Avoid fakes- Follow the ‘real’ Matthew Fraser:
https://www.instagram.com/immatthewfraser/
https://www.tiktok.com/@immatthewfraser
https://www.facebook.com/immatthewfraser/
https://x.com/MatthewFraser
https://bit.ly/MatthewFraserLinkedIn
__________
**DISCLAIMER**
This is not financial, investment, tax, or legal advice. I'm not a licensed advisor. Bitcoin and SMSF strategies can carry significant risks; consult a qualified tax accountant and SMSF specialist before making any decisions. I may earn affiliate commissions from links I share, but this doesn't affect your cost.