Beware of BORA Exchange's Scam: False Merger Upgrade and Activation Notice

In recent news,

BORA Exchange

, which claims to have reached a preliminary agreement for mergers and acquisitions with international institutions, has released an announcement regarding a comprehensive upgrade. However, it has come to light that this announcement is part of a scam aimed at defrauding users. This article aims to raise awareness about the BORA Exchange scam and provide important information to protect potential victims.

False Merger Upgrade and Activity Notice:BORA Exchange, now rebranded as “BORA NSQ,” has outlined several updates as part of their alleged merger upgrade. The scam announcement includes changes to the exchange's name, server expansion, enhanced security measures, and improved functionality. However, these updates are part of a deceptive ploy to lure unsuspecting users into a fraudulent scheme.

Invalid Account Clearing and Reactivation Requirement:To supposedly meet the requirements of international organizations, BORA NSQ claims it will clear invalid accounts during a specified period. The scammer categorizes these invalid accounts as malicious registrations, reverse reward accounts, swiping accounts, and multiple accounts created by a single individual. During this period, all accounts will be changed to inactive status, and users are instructed to reactivate their accounts by manually depositing 100U from July 13th to July 18th.

Caution: Fake Account Activation Fee:It is important to note that the request to deposit 100U for account reactivation is a fraudulent scheme. BORA NSQ is not a legitimate exchange, and this fee is part of the scam to deceive users into providing their funds. Do not send any money or personal information to BORA NSQ, as it is a fraudulent entity.

The Limited-Time “Senior VIP Members” Event:As part of their deceptive tactics, the scammers behind BORA NSQ have announced a limited-time event for “Senior VIP Members” to celebrate the alleged merger and acquisition agreement. The event claims to offer upgraded VIP membership levels and enhanced benefits based on accumulative recharges during the activity period. However, all of this is designed to manipulate users into further engagement with the scam.

Protecting Yourself from BORA Exchange's Scam:

• Be cautious of unexpected and unsolicited announcements: Verify the credibility of any news or announcements related to

  cryptocurrency

  exchanges through official sources or reputable news outlets.

• Do thorough research: Before engaging with any exchange or investment opportunity, research the company, its history, team members, and user reviews. Look out for any suspicious activities or negative feedback.

• Exercise caution with account reactivation requests: Legitimate exchanges will not ask users to deposit funds for account reactivation. Never send money or personal information to unknown sources.

• Stay informed: Follow reputable cryptocurrency news platforms and stay updated on the latest scams and fraudulent activities within the industry.

Conclusion:BORA Exchange's recent announcement regarding a merger upgrade and account reactivation is part of a scam aimed at defrauding unsuspecting users. The request for 100U as an account activation fee is a clear red flag. It is crucial to stay vigilant, exercise caution, and verify the legitimacy of any

cryptocurrency exchange

or investment opportunity before taking any action. Protect yourself and your funds by staying informed and skeptical of suspicious announcements or requests.