Telegram Bots Masquerade as Digital Wallet Brands to push Referral Reward Scams to Indonesian Customers

This report outlines a social-engineering fraud campaign in Indonesia in which Telegram bots impersonate popular digital wallet brands to lure users into referral-based earnings that escalate into investment scams and pig-butchering schemes, amplified through Telegram/WhatsApp groups and social media promotion. The operation appears to leverage Indonesian payment gateways, provide small initial payouts to build trust, and evolve into MLM-style recruitment, with recommended mitigations including user advisories and coordinated takedowns of misleading content and brand impersonations.