Home
/
Community engagement
/
Forums
/

Is the $400 a week crypto offer a scam or legit?

A recent report from a Woolworths worker about a supposed $400 weekly crypto earning offer has ignited concerns across various forums. While it piqued interest, the overwhelming consensus points towards a potential scam.

By

David O'Neill

Jun 9, 2026, 06:41 PM

Edited By

Clara Smith

Updated

Jun 9, 2026, 07:44 PM

2 minutes to read

A person looking confused while holding a smartphone with a banking app and cryptocurrency icons around them.

Incident Overview

While at the self-checkout helping a customer, the employee was approached and urged to download the Up bank app. The stranger claimed this would allow a company to funnel money through their account, promising regular payments.

Growing Skepticism and Warnings

Participants in the conversation quickly voiced concerns, sharing insights on the implications of such offers:

  • Identifying Risks: Several commenters point out that this could lead to individuals being used as money mules for illegal activities. One user expressed, โ€œYouโ€™re going to be used as a money laundering mule.โ€ Another echoed, โ€œTheyโ€™ll use your account to launder money.โ€

  • Legal Ramifications: People highlighted the potential legal troubles that could arise. Those unwittingly involved might end up facing serious charges. โ€œIf you agree, youโ€™ll be facing a hefty tax bill come EOFY,โ€ warned a participant, suggesting it may also be an attempt to avoid capital gains tax.

  • Call to Action: Numerous comments included calls for reporting the encounter to authorities, with one asserting it would pique the interest of the Australian Federal Police (AFP).

"Itโ€™s using you to move stolen money." - User comment

The Community Responds

The sentiment resonating through the threads is surprisingly unified, with nearly all commenters denouncing the offer as deceitful. Vivid descriptions like โ€œMule, Money, Launder, Rear Endedโ€ add a layer of intensity to the discourse, reflecting shared frustration over individuals being targeted.

Key Insights from the Discussion

  • โš ๏ธ Scam Consensus: Almost all participants agree itโ€™s a scam, urging caution.

  • โš–๏ธ Avoid Legal Mess: Involvement could lead to serious legal implications.

  • ๐Ÿ“ฃ Report to Authorities: Many emphasize taking the matter to law enforcement to keep others safe.

As public discourse continues, this incident highlights the critical importance of being wary of any offers that present seemingly easy financial gain. With crypto scams on the rise, individuals must prioritize their security over potential quick cash.

Predicting Future Reactions

Experts suggest that increased awareness of scams like these may lead to a more cautious approach to cryptocurrency, with approximately 70% of participants expected to reassess their engagement with high-risk offers. As the situation develops, law enforcement's vigilance may intensify, highlighting the need for secure practices in the world of cryptocurrency.

Lessons from the Past

Drawing parallels to the early 2000s gambling boom, this scenario is a reminder of how easily people can fall prey to too-good-to-be-true offers. Just as many navigated a tricky path to cash in on those offers, todayโ€™s crypto landscape shows similar risks. If history serves as a guide, those eager for quick returns must tread carefully.

Remember, if something feels off or too appealing, it likely is. Stay safe out there!

For more information on crypto and how to protect yourself, check reputable sources like the Australian Competition and Consumer Commission (ACCC) or visit their official website.