Episode
#192 - This Crypto Scam Is Targeting Aussies Right Now.
- Podcast
- Crypto Collective
- Published
- Jul 9, 2026
- Duration seconds
- 1279
- Processing state
not_requested- Canonical source
- https://crypto-collective.captivate.fm
Actions
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Summary
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…