Hi Everyone,
There is a scam going around that has gotten quite a few people already so I wanted to make a post about it so no one else falls victim to it. This is how the scam works;
The poster will make a post titled something along the lines of 15% arbitrage method / EOS trading 15% arbitrage method etc.. and then detail how you can make +0.1% per transaction of EOS by sending your EOS tokens to their EOS address and then you will receive back more than what you sent.
How the scam works:
The address you are sending your EOS tokens to (usually it will be [mxeosnetwork](https://bloks.io/account/mxeosnetwork) in the post but they also have other scam EOS addresses on the network) will be their scam middleman address ( [eosiosystem1](https://bloks.io/account/eosiosystem1)). Once you send your coins to this address they will send it to their central scam address which holds all the EOS tokens they have scammed off people and use this address to pay out the +0.1% they claim the method provides.
So what you will see is you sending your coins to [mxeosnetwork](https://bloks.io/account/mxeosnetwork) and they will have some bot to send it to [eosiosystem1](https://bloks.io/account/eosiosystem1) and then [eosiosystem1](https://bloks.io/account/eosiosystem1) will send it back to [mxeosnetwork](https://bloks.io/account/mxeosnetwork) and [mxeosnetwork](https://bloks.io/account/mxeosnetwork) will send it back to your address on the MEXC exchange as they will ALWAYS ask you to use this exchange.
The transactions will work and you will get the amount back +0.1% but after a number of transactions they will send the amount to their [eosiosystem1](https://bloks.io/account/eosiosystem1) address and you will no longer get it back.
The posters usually post under multiple accounts that have good amounts of karma and don’t seem sus but they’re probably hacked or who knows how they got them. The addresses above of the EOS network are all hyperlinked as well and on them you can see all the transactions of the people they have scammed and their scam method can be traced. They also have other scam addresses they use such as [eosupdeposit](https://bloks.io/account/eosupdeposit) and [mexceoschain](https://bloks.io/account/mexceoschain). All of these can be seen doing the same process as above with [eosiosystem1](https://bloks.io/account/eosiosystem1) as the central address.
They will also delete their posts right away once they have been called out.
**Times are tough and it sucks scammers like this exist – hope everyone stays safe and vigilent and hope this can stop someone from being scammed by these scumbags.**
**Edit: Scam reddit accounts are trying to downvote this post – please give an upvote if you can to keep it visible!**
View on r/IndianStreetBets by Glubbies