Staying safe from Telegram scams

Team Luno
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3 minute read

Operating in a purely digital world comes with loads of advantages, but it also means we need to be even more cautious about who we trust and what we believe. At Luno, ensuring the safety of our customers and their hard-earned funds is of the utmost importance. Security informs every part of our service – from the way our app is designed to the communications we put out.

 

Digital currency transactions are irreversible, making them a popular target for scammers and phishers. Below are some helpful guides to assist you in ensuring no one else gains access to your account or funds.

 

 

If you receive any suspicious communication, please report it to us by submitting screenshots of the incident to [email protected].

 

Telegram

 

Telegram is a powerful and popular platform in the crypto community. It’s a great way for crypto enthusiasts and companies in the industry to discuss news, and share trends and event details with other community members. However, because of this, it’s also become a nifty tool for scammers to impersonate individuals or organisations in order to gain access to funds or accounts.

 

Make sure you’re interacting with the real Luno on Telegram

 

Luno South Africa
Luno France
Luno Nigeria
Luno Malaysia
Luno Indonesia
Luno Uganda
Luno Italy

 

It’s important to note that even if you’re a member of the legitimate Luno South Africa Telegram channel, there could be people in that channel looking to scam unwitting members. No member of the Luno team will ever directly contact you through Luno South Africa’s Telegram platform. We are also aware of a new trend where scammers make contact with Luno customers through other platforms (like Facebook) and encourage them to continue the chat on Telegram.

 

If you receive a message from someone claiming to work at or with Luno, we advise you to cease communication with them and let us know about the incident by submitting a screenshot and sending it to [email protected].

 

Currently, we are unverified on Telegram. We are working on attaining a verification badge to ensure it’s easier for you to recognise legitimate Luno Telegram channels.

 

Official social media platforms

 

Facebook Global
Facebook South Africa
Facebook Nigeria
Facebook Malaysia
Facebook Malaysia Community Group
Facebook Singapore
Facebook France
Instagram Global
Instagram Indonesia
Twitter
Twitter for customer support @LunoHelp
Luno Engineering Twitter
LinkedIn
Luno website
YouTube
Medium
Quora

 

Avoiding Facebook scams

 

Scammers on Facebook tend to operate in a number of ways. The details may vary, but here’s what to look out for and avoid:

 

  • Potential scammers will attempt to answer/reply to comments on Luno’s Facebook profile – generally, they’ll try to get you to initiate a new conversation on another platform such as Telegram or WhatsApp

 

  • They tend to promise high returns or rewards if you send them money to invest on your behalf – we strongly advise against sending anyone money to invest for you as generally, these “traders” are in fact scammers

 

  • As a general rule, it’s best to avoid interacting with people you don’t know on social media platforms, including Facebook. You have no real way of verifying someone’s identity through these platforms

 

Avoiding Instagram scams

 

  • Potential scammers usually attempt to send you a direct message on Instagram and will enter into a conversation with you around trading or “making money”

 

  • As mentioned earlier, it’s best to avoid any interaction with people you don’t know on social media platforms

 

  • Luno will never attempt to make contact with you via Instagram

 

Identify Phishing emails

 

Here are some tips on how to determine whether an email is legitimate or not:

 

1. Identify the sender

 

  • Always check the “from:” address in emails.

 

  • Ask yourself if you’re expecting an email from the sender?

 

2. Screen the links

 

  • Hover over any links to see the real website address they go to before you click on them

 

  • Images or buttons can also contain links to potentially malicious websites

 

3. Don't trust attachments

 

  • If the email seems suspicious do not open any attachments

 

  • Attachments with malicious software can be disguised as documents, PDF’s or zipped files

 

4. These are the only official Luno email addresses we use for various types of communication with our customers:

 

 

A gentle reminder

 

  • We do not give financial or trading advice. Anyone doing this and claiming to be from Luno (or in partnership with Luno) is most likely trying to scam you

 

  • We will never (seriously, never ever) ask for your password, 2FA codes or one time pin. Please don’t share these with anyone – even if they say they work at Luno

 

  • We will never ask you to take any action on your Luno account through an SMS, aside from confirming your account initially with an OTP - please do not click on the links in these messages

 

  • You cannot call our customer support (or contact us on Whatsapp or Telegram), so if someone gives you a number to call or chat, it’s not Luno

 

  • Scammers tend to put pressure on potential victims to take action or share information with them – we will never do this. If you sense something suspicious is going on, please end all communication and contact us regarding your concerns

 

  • We charge very low fees for withdrawals, there are no other costs involved to take your money out of Luno

 

  • Luno cannot reverse cryptocurrency transactions as they are “irreversible” by design, unlike normal bank transactions

 

Remember the golden rule: if it sounds too good to be true, it is.

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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @lunomoney.

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