Cash App Friday, this Scam Is Stealing Users’ Money

Cash App Friday, this Scam Is Stealing Users' Money

Hello students and young people! Don’t believe all the freebies from the Cash app (opens in a new tab) you see on Twitter and Instagram. Some of them are scams and the Cash app “money generators” you see on YouTube certainly are.

If you’re not familiar with the Cash app, it’s a Square-owned Venmo competitor that allows anyone with a smartphone to send money to anyone using the Cash app. Rappers Lil B and Travis Scott have used the Cash app (opens in a new tab) to donate money to fans, and even Burger King (opens in a new tab) is entering the Cash app.

Cash App is best known for its #CashAppFriday campaigns (opens in a new tab), which send money to the first group of users to retweet or comment on Cash App’s Twitter and Instagram posts, or even send money to random users like “blessings”.

Users can earn up to $ 500 if they are fast and productive. That’s a lot of Juul pods or metal whistles or whatever Tha Kidz buys these days.

“Unsurprisingly, Cash App’s legitimate giveaways are a breeding ground for scammers,” writes Satnam Narang (opens in new tab), a security researcher at Tenable who just wrote a report on Cash App, somehow. underrated.

These scammers follow the Cash app formula and promise to “give an X amount to the first” Y “number of users who retweet this tweet or reply to an Instagram post.”

Some scammers follow #CashAppFriday’s actual activity on social media, Sarang explains, while others start their own #CashAppFriday threads. Many impersonate celebrities on social media and promise to give money only to loyal followers.

As sketchy as it may sound, so far it mimics real Cash App gifts. But the scammers add another step: they ask you to message them directly, and when you do, they ask you to pay a small amount in cash, usually $ 5 or $ 10, so they can “trust” you. Many of them pretend to be Cash App addicts who can “turn” that $ 5 into $ 50 or $ 10 into $ 100 and so on.

It goes without saying that if you put in $ 5 or $ 10, you will never get it back. There are no “twists” to the Cash app money.

Cash Apps has also not been published on YouTube. In these videos, says Narang, the creator shows how you can get up to $ 999 via the Cash app if you visit certain websites.

When you log into one of these websites, you will be asked to “confirm” and will be redirected to pages that ask you to complete a survey or install mobile applications. You will not get any money. But the scammer does it because he’s part of an installer affiliate program that gives them a penny for every user who manages to install an app or complete a survey.

The two-part Sustainable Report (opens in a new tab) (opens in a new tab) goes into much more detail, leaving older, wiser readers scratching their heads about how anyone can fall into such glaring scams.

“Cash App scammers are like sharks in a pond,” Narang concludes. Cash App donations usually are.”
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