Australian financial expert Scott Pape, also known as the 'Barefoot Investor,' recently battled crypto scammers who stole his identity to deceive his followers. Pape and his team found numerous fake Facebook groups pretending to be operated by him and decided to engage with the scammers to better understand their methods. Pape assumed a fake identity and contacted one of the fake Facebook pages, which led him to a WhatsApp group called the 'DB Wealth Institute.' Researching the institute revealed that it was a known scam, with fake professors providing false trading signals to gather funds before disappearing and rebranding. Pape's experience highlights the prevalence of crypto scams and the need for caution when engaging in the cryptocurrency space.



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