safesigner

• Post By safesigner
• 4 days ago

Hi everyone.

Youtube video with same text: Lucas, arbitrage expert, scam on telegram

Today I want to share a very dangerous crypto scam I recently experienced — so you can avoid falling for it.

This video is about a fake "Crypto Arbitrage Training Program" from someone calling himself "Lucas, arbitrage expert" 💸

Scammers convince you to deposit your own crypto on exchanges and transfer coins between them — but in the end, they steal your funds.

I'll show you my real conversation with the scammer, step by step, and explain exactly how this scam works.

Please watch carefully — this could happen to anyone.

How the scam starts:

He explained that the system works by using price differences between exchanges — buying low on one, selling high on another.

Sounds legit, right?

He said I only needed to start with $10–15 to test it.

That lowered my guard.

**The setup:**

Next, he asked me to create accounts on 3 exchanges: Bybit, Bitget, and MEXC.

I already had Bybit, so I created Bitget and MEXC accounts.

Then the "practical training" began.

**Here's how the scam works:**

Lucas sent me step-by-step instructions:

From BitGet (BIZA coin) to ByBit (WAXP coin)

1. Buy BIZA coin on Bitget

2. On Bybit, open "deposit crypto" and choose WAXP. On the WAXP deposit screen, there are default settings you can't change: Wallet address "bybitwaxonly" and memo tag "12345"

Here's the important part: You think you're sending coins to your own account because you're using the default account settings.

But here comes the trap:

Lucas has registered the account "bybitwaxonly" on BIZA network, and he has many similar addresses across Bitget, MEXC, and Bybit.

3. When you withdraw BIZA from your Bitget account, you're sending it to the address "bybitwaxonly" — which is registered on the BIZA network, not WAXP! 

So while you think you're sending to your own address, you're actually sending to the scammer's address on BIZA.

**The fake profits:**

After 1-2 hours, you receive WAXP in your Bybit account. When you sell it, you get a 10% profit.

We did this "training" with different coins 5-6 times. In the end, I had 40% profit in just 2 days.

Of course, I asked how this conversion between coins happens.

His explanation: "These two coins have a unique feature. They're both hard-forked coins built on the EOSIO engine, which makes them convert automatically through a cross-chain bridge."

**Building trust:**

Lucas was very friendly and supportive. He answered all my questions about how the system works.

✅ They first let you run a few trades successfully with small amounts

✅ They build trust and make you think you're making real profits

✅ Then they ask you to join a "VIP group" — but you need at least $5,000 in your account

**The final trap:**

Then they invite you to a group with 11 other people. They fake the whole process again. You and one other person have funds that don't arrive. Lucas says you need to contact "blockchain support" through a fake website.

This is the second step — they make you deposit the same amount again while the other person pretends they succeeded.

**How to protect yourself:**

Please learn from my story.

If someone on Telegram offers you free crypto training, promises risk-free profits, and asks you to send coins between exchanges — be very careful.

✅ No legitimate arbitrage requires sending coins across incompatible blockchains

✅ No legitimate group will force you to follow exact timed trades without explaining how the system really works  

✅ The cross-chain bridge story is completely fake

Stay safe out there!

His Channel:Lucas arbitrage expert💸 14.500 subs!

 @lucas_cryptoez

His account: https://hivexplorer.com/@bitgethive

You can here he is continuing his scams