14 Sep 2022 · 2 min read

Amazon Crypto Token Presale Scam Trends Again - Don't Buy AMZ

Source - Avast

No, there isn't an Amazon token presale, or any upcoming Amazon crypto coin - an old crypto scam from 2021 is back and trending online. Don't get tricked.

Fake Amazon Token Presale

Back in December Avast antivirus wrote a blog post 'Beware of a New Amazon Token Crypto Scam'.

They posted screenshots of fake Amazon crypto adverts which appear to be posted by CNBC, The Guardian, Yahoo etc. but are in fact copycat domains set up by scammers. 

Fake engagement is then added using bots - fake comments, likes, shares and so on. 

Often when this kind of crypto scam appears on social media platforms including Twitter the comments are also locked, preventing real users from writing that it's a scam.

Is There a Real Amazon Crypto Token?

As far back as the 2017 bull run and prior, the idea that 'Amazon is buying Bitcoin' or investing in cryptocurrency in some form has led people to FOMO into positions. 

Then came the rumor that the retail giant may even launch an Amazon crypto token - which never materialized, and was based on a job ad.

Amazon has expressed interest in crypto and NFTs, and did hire a 'Digital Currency and Blockchain Product Lead', but has never started its own crypto token nor indicated it will.

As pointed out by YouTubers this week the AMZ token, or its other names 'AMZTRX', 'AMZD2X' or similar is a completely fake Amazon crypto project.

According to Ahrefs keyword data 'Amazon token presale' is searched in Google 2,000 times a month, and 'Amazon crypto' double that - and Avast estimated that this crypto scam netted $100,000 or more for the perpetrators as of late last year.

Avoiding Crypto Presale Scams

Always do your own research diligently into new crypto projects and token presales, getting a second opinion from places like Reddit, independent crypto YouTube channels, and reputable crypto traders on Twitter.

Often crypto scams use broken English, fake websites, and impersonate real crypto influencers or existing projects.

Never click links sent to you unsolicited, or communicate one on one via DM - admins of crypto Telegram groups for example will never direct message you first asking you to 'validate your wallet', or give them your seed phrase.

If it sounds too good to be true, it likely is. We've reviewed several legitimate crypto presales on this site, verified by third party auditing sites such as Solid Proof and CoinSniper.