Beware Crypto Scams on Truth Social.

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Donald Trump launched Truth Social in 2022 as a social media platform where the MAGA faithful could hang out without any liberals to spoil the fun. The biggest selling point? It was the only place where Trump was personally posting his unhinged screeds after getting banned from Twitter over that whole coup attempt. But new documents obtained by Gizmodo reveal the site has also been flooded with scammers who are swindling users out of enormous sums of money. We’re talking about people who’ve lost hundreds of thousands of dollars in a relatively short period of time.

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Gizmodo submitted a Freedom of Information Act (FOIA) request with the FTC for consumer complaints about Truth Social filed in the past two years. The complaints to the federal agency include some stories from people who’ve been banned from the site (unjustly, they claim) and others who say they got signed up for mailing lists they never wanted to be on in the first place. But the complaints about scams are the most shocking, if only because there are such large sums of money involved. And we’re publishing a sample of the full, unedited complaints below.

One person who says they lost $170,000 explained they were initially scammed on a different site but met someone on Truth Social who claimed they could help get their money back. That turned out to be a scam as well. But more often, the victims are first contacted on Truth Social before being told to take the conversation somewhere else, like WhatsApp. Truth Social seems to be a target-rich environment for people who are easy to con.

MORE:
gizmodo.com/truth-social-users-are-losing-ridiculous-sums-of-money-to-scams-2000506604


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