Bitcoin Forum

So just thinking out in my head here  in light of the bitcoin7.com scam  ( which your's truly called it a scam https://bitcointalk.org/index.php?topic=17043.0;all ) where and how do these scams come about ?

I'm starting to see a pattern here between the polish exchange , mybitcoin and the other's who seem to have been "scammed" by some bad people .  My theory:

Build a front-facing website that actually looks like a "business" , then cry-foul that russians came and took your business wallet along with all the BTC of your customers, sell the company to anyone who wants it  then walk-away with all the coins.

Rinse & Repeat. I mean all these sites come up with the same Bullshit could their be collusion involved with all these? Should we put Phinnaeus Gage on the case?  

Thoughts?

they were a functional exchange at one time but then recently reported "new management": http://bitcointalk.org/index.php?topic=45307.msg543984#msg543984

good thing bitcoin is not truly an anonymous currency and whomever has the coins are probably shaking with fear now when thinking about spending them ::)

I'm too tired right now, but can someone make a thread with all the exchanges, including upcoming ones, and reasons why or why we should not trust them.    Just a good first post with all the exchanges and the ratings from the thread aggregated.

Good call on Bitcoin7, from that thread, not sure why anyone would use them

We're the only long running exchange that hasn't been compromised (formerly Britcoin) and are based in London with a development team. Our group (Bitcoin Consultancy) is also actively involved in developing other areas of bitcoin (https://bitcointalk.org/index.php?topic=30646.0), operates other services (https://vibanko.com/) and is working with merchants. And we charge no fees.

Our about us: https://intersango.com/about-us.php

Security: https://intersango.com/security.php

Our development's group website: http://bitcoinconsultancy.com/

We were the ones just at SWIFT's (the messaging network used for international bank transfers) SIBOS conference (http://www.informilo.com/20110914/future-money-391) on the future of banking discussing how bitcoin could be used to improve international transfers.

So we're pretty much heavily invested in bitcoin for the long term. The purpose of our group is to hire people to work full-time on furthering bitcoin. We release many of our project's source code (https://gitorious.org/+bitcoin-consultancy-dev) for the community. We're also helping organise the European Bitcoin Conference (http://conference.bitgroups.org/).

If you appreciate our work, and wish for bitcoin to grow, then use our exchange. In return it allows us to grow our development team to push forwards and create more community projects we can contribute. It's my hope to turn this into a talent base to allow the brightest minds to prosper and develop cool technology- like Google or Apple but for specifically for bitcoin and other cryptocurrencies.

http://libbitcoin.org/intersango.png (https://intersango.com/)

britcoin/intersango is the only exchange i trust and will ever use...thumbs up for the excellent service so far :)

Seems like the perfect crime: steal something that's valuable, easily transportable and easily traded for money.  If the victims go complaining to police in their country nothing can be done.  "Lol wat? Bitcoins?" would be the police response, followed by the difficulty in chasing someone down from the other side of the planet.

They might say "Lol, what? Bitcoins?" but (correct me if I'm wrong) breaking into someone's computer or server is considered a "serious" crime in a lot of places. On the other hand, I'm not entirely sure it would be a crime at all if the exchange openly decided they wanted to walk away with everyone's bitcoins and not give anything back. Sure, they're a representation of a currency to the ones who know about it, but there's nothing in law that even remotely mentions stealing someone's bitcoins is illegal anywhere in the world. Maybe if the bitcoin client had some sort of ToS...

Just on a seperate remark: bitomat.pl was no scam as far as I'm concerned. First of all, every single BTC was refunded, all the money was handed over as well. Except from the owner of Bitomat, who lost a lot of time and nevers, nobody else lost anything!!! From all the communication I had witht he owner I'm pretty sure that what he described actually happened the way he described it.
On Bitcoin7: They have stopped their customer service like 2 month ago, API was broken since 1 1/2 month and not repaired... I don't think it was actual scam - Most likely they just didn't care about the website any more and left it lying around, ready to be hacked.
Mybitcoin.com is the only thinkg that looks like real scam to me.

As a piece of advice: don't put money on exchanges where you don't know the real identity of the owners and trust them with the money.

At this point, if the exchanges or any site that has any significant amount of Bitcoin in it, isn't shouting the praises of their awesome security team or staff, you might be a redneck.  Or I mean, you might have a site you shouldn't dump significant coin in.

Actually I have used you also and so far you are reliable. I've used Mt. Gox , CampBx and Intersango and all are great. I'm just saying some of this fly by night ventures seem to work fine and then disappear once they get everyone comfortable.

As bitcoinporn stated might be wise to create a thread dedicated to feedback of exchanges and other services.

It is hard to tell ?? hmm..

LOL..

True. Can't tell. If. Serious. But. Alright. Luckily.

Good luck!

I know right!

Scammers handbook, take advantage of those in the most need.

People making threads about a scam?  Must mean that a lot of people are being scammed and need a new product/service to replicate the scamming service.  Rinse, repeat, until we are all back to using just Mt Gox for the final end all scam to Bitcoin when we are had again.

I should have listened to you back then. You had Mt Gox pegged three years ago. Long before anyone else thought it was just a scam.

The scamming business is increasing but it existed since the very first years of bitcoin life, I have been scammed one time untill now and I hope that it will be enough for life.

You're not really a fully-fledged member of the bitcoin community unless you've been scammed at least once.

 :(

this is also called the mtgox scam


dang it.. im still not a member

Correct  ;D



I suppose we should change that yes?  ???

How prophetic BitcoinPorn was. Scary stuff about what he said about Mt. Cocks.

So is the fiat scamming business....particularly the banks & credit card companies who are getting away with it daily. What's your point?

Nobody said fiat isn't in the business of scamming. Can you point to where anyone said the same thing doesn't happen in fiat?

Point is Bitcoin is just as good for scamming as fiat.

I know. He said that directly to me three years ago and that fat latte drinking fucker still clipped me for 200 coins. I was sucked in by his attempt to be legit and taking all the reporting documents from people. Oh well, water under the bridge now I suppose.

Crazy.  200 coins I would hire my own person mercenary to "take care of" the fat fucker. Right, Roger Vers  " the books are fine" didn't help. Sorry to hear that.

Thanks! Bitcoinica clipped me too. I was real bitter for a while. I deleted all my posts as CBH and swore I'd never come back. I guess I really can't blame anyone but myself. All the signs were there and as you can see above, I was warned early enough to fix it.  :(

Scams are coming up more and more these days.

Nice point OP

Wherever there is money, there is a scam.

You will find scammers everywhere, you can't stop them..

I think the scamming problem is more prevalent in the bitcoin world then it is in the fiat world.

also what you are referring to is practices that you think are unfair but are really not a scam. The terms of and conditions of these trades are revealed to both parties before they enter into an agreement

Bitcoin scammers are flooding now. Each market seems to be saturated with scammers...no place for legitimate people. That's why I only go for deals with dealers owning a trusted website else Localbitcoins.

funny how nothings changes right ?

Scammers are all over in the big space of internet waiting to hit something big,must review any website/person before trusting them.Fake reviews can be made,black hat methods could be used to boost up the seo to appear on the search engine and many things goes along after all they are internet cons

As the bitcoin is marketed as trust less , you shouldn't trust anybody by default.
In free markets trust is build on reputation and slowly increasing risk.
How about those paypal bitcoin problematic transactions. Is that fraud or paypal's problem?

Well that's what you get for anonymous trading...

I personally follow Satoshi and try not to trust anyone, that said with an exchange a front facing interface and then a claim they got hacked does happen a lot in the Bitcoin sphere.
It makes it hard to trust someone until the company is well established as well so a decentralized exchange looks very attractive to me from a functional point of view.

I would like to advise everyone to check www.badbitcoin.org before investing in any websites.
The guy who runs this site has his personal blog keeping track of all scam sites.

Good to hear ....good to hear....

this one is a GEM, it is up since few months.
I wonder how many people got fooled.
http://bitcoin-miners.me/
SCAM! beware!

It  happens to every large business out there. Even Paypal was targeted at mass level before..

You can't completely stop scamming..

That part of Bitcoin really sucks, but it makes people more responsible, instead of asking the governments for help (which in practice means making others pay for their mistakes).

This is something that is around and will continue to be around. Scamming is some people's way to easy money no matter who they hurt and what they take from others. With bitcoins it's so much easier for a scam to take place and then get away with it because so many do not know what it is and there is nothing in place to help those that get scammed. Best way to be is alert and always look out for anything suspicious.

This could be true. However, I don't think its fair that Bitcoins is only for scamming. This is what I think most people think to some extent.

Gotta love all these legendary posters in the 2011 threads, i hope i can be a legend someday  :-[

Bitcoin simplify the scamming process. As the scammer can be sitting anywhere in the world that has internet access. And they do not even have to worry about being arrested even if the victim found out their identity.

you can report scams at http://BitScams.org

You can get scammed by listening to or clicking on any of the sites made or run by the jackass above me.

Dr. mISTEAL Moriscammy PhD

haha ya I heard that guy is a borderline scammer also ....saw some thread somewhere...forget where....

Scaming business is everywhere,bitcoin-stealing malware,endless alt shitcoin and scam ...

Scamming is everywhere there is money.

Can you get scammed just by clicking that link? How?

People feel scammed by this fiat system, some are too pissed and end up scamming other people   :-\

Scams are everywhere that is the bottom line!

May be. But scammers can take advantage of Bitcoin. For example, it is much easier to scam people using Bitcoins and at the same time it is outright impossible to track the perpetrators. This will slow down the public adoption of Bitcoin. For example, a lot of people use Paypal, despite its insanely high charges. If they could be convinced that using Bitcoin is as safe as Paypal, then a lot of them will immediately shift to the crypto currency.

if i were a scammer, i'd probably do it on silkroad - it's way easier to prey on druggies looking for their next score. maybe not everyone on SR is like that, but i'm pretty sure there are lots of them. they make the most irrational decisions after all.

SR was a great playground to try some scamming I agree. A lot of people who have no clue.

and don't forget gamblers too.. they have issues similar to druggies. they can't control themselves. and the thing about it is, if you don't scam them, they'll lose their money either way.

but nah, i'm too honest to scam anyone. just a thought experiment.

That was the first person that came to mind when I read this post haha!  It does sort of have a similar feel the same situations Phineus has ranted about time and time again.  If you see a trend of scams then you may very well be on to something.  I think people often times make bad decisions with who they trust with their coins and the cycle just repeats itself.  None the less people need to have in the back of their minds the shady people they see in real life also have access to the internet..  And they get to be even more shady when they think nobody is looking, so be careful with whom you choose to work with and give control of your funds to(rule #1).

Bitcoin is currently accepted by many deep-web people like hackers and cyber-criminals. Its also used by scammers a lot due to fact that payments are fully anonymous and irreversible.

Payments are not fully anonymous. With a little know how you can find the ISP of transactions. There are ways to hide the source of a transaction, but the normal payments across the network are not anonymous. It is true that they are irreversible.

lol... there are a lot of bad people out there. Don't risk your life for the sake of a few coins.

It is true that the Silk Road 2.0 is more vulnerable to scams, after admins removed the escrow system. Now they are using multi-sig wallets, which are more susceptible to cheating.

i was just playing an "if" scenario.. i don't even think it's all that risky to scam someone on SR, but i still wouldn't do it. remember that guy who got away with the heist at sheep marketplace? i think he was doxed, and he is still alive (i think).

Bitcoin has just made it easier for someone to scam people globally, within seconds.

You have micro transactions, with nearly no fees. {So you can scam millions of people, with small amounts} or you can go big and scam someone out of a big amount, and have it, within minutes. {No charge back / refersal of transaction / No consumer protection / And relative anonymity, if you use mixers}

Previously, you had to wait for wire transfers to go through, and you had massive fees and transactions could be stopped...... BTC changed all of that.

It's a great currency, and it has huge potential, to use these same features for doing good things, but unfortunately not all technology are being used for doing good.

We have seen this with with all other technologies {Facebook / Twitter / Internet} So BTC is not unique, it still the same people using it. {Human factor} Greed.

As long as there are suckers, there will be scammers. Bitcoin makes life easier for scammers, but also for everyone else. You just have to be cautious about where you send your money.

Scammers will always be there. When business booms, there willl be scammers. Scammers date back from before Christ and maybe up until Mars becomes the new earth.

lol... So every full member here were scammed?

Yes, sometimes more than once. It's because back then we were all just playing with fake internet money that we created easily out of thin air anyway. lol

It was a matter of time before independent trust institutions would emerge.
Like http://www.badbitcoin.org/index.htm

Scamming is everywhere, from paypal and credit card frauds to bank frauds. Even Bitcoin is now its part. It can't be stopped.  :)

So what are you going to do with the known scammers here?

burn them at the stake ?

although bitcoin scamming is rampant. its not as high as FIAT scamming

lets start with TAX: once you add sales tax, income tax, local community(state/council) tax, car fuel, cigarettes, alcohol price inflation(tax). you will realise FIAT scamming is atleast 50% of what people earn
and thats just where funds disappear to from public sector industry making excuses for why your account is lower then it should be and they know there is little to nothing you can do about it..

should i then talk about the credit card fee's, mortgage interest, bank charges, etc that the private sector scam from people.

should i then talk about the boiler room, nigerian prince, colder callers? or the pickpockets or ATM skimmers (card cloners).

This is correct ^^ .  Fiat rules the scamming arena.


And you support the point with real evidence.


Bottom line,  FIAT wins for scammers vs. Bitcoins.

It's worth noting that the situation is MUCH better now than it was in 2011.

In 2011, people were creating companies and bitcoin "investment" vehicles right and left, and there were two big problems:
1) Very few understood proper bitcoin security
2) Many operators remained fairly anonymous, and no one had meaningful "rep", really; neither individuals nor companies.

So plenty of sites run by honest people were hacked, plus a number of sites were not run by honest people. But as time went by, people figured out cold/hot wallet best-practices, honest people built trust, and bitcoin users learned to pay close attention to security practices (our own, plus those of any business with which we interact) as well as those who operate the sites/businesses we deal with.

I'd say things got MUCH better toward the end of 2012.....but yeah, it sucked for a while.

yep everyone seems to have forgotten Bitcoin Savings and Trust, bitcoinica, intersango, GBLSE to name just a few, but none of this compares to the billions of dollars HSBC scam people.

oh and need we forget cops seizing money without the victim committing a crime (policing for profit)
http://www.youtube.com/watch?v=DiGRMD4NXVA
http://www.youtube.com/watch?v=5ec3nATX8gw
http://www.youtube.com/watch?v=n2iJ7UBODw8
http://www.youtube.com/watch?v=bMVIdA3UEcU
http://www.youtube.com/watch?v=HGh-7LOzeHw
http://www.youtube.com/watch?v=vMMZiyR-wxc

Is there any ruling here for those who scam people here?

Lots of people try to scam you using the bitcoin anon capabilities as a cloak  ::)

Scammers are everywhere, you can't trust any person in this world, real and virtual.

We just burn them at the stake. This is the only rule.

In an ideal world where free market capitalism is the way of life, scammers will always have an advantage over the economy unless there is also free speech, which would prevent scammers from successful business. Precaution is essential in the Bitcoin world.

Unfortunately, Bitcoin is an excellent medium for scaming.

NO

all money is equally excellent medium of scamming, just bitcoins rarity makes it more desirable.

its not about ease of scamming..... think about it
theres fiat bank notes, no consumer protection
theres bank regulations that supposedly protect people from losses
theres paypal with their ssl connections and encrypted databases.

YET

people still get scammed by chargeback scammers and the victims have no recourse.

the only lesson to learn is that bitcoin is YOUR funds. do not blindly trust someone you cant slap across the face with a wet fish

A good example would be leaving "bad feedback" if the purchase is not large enough to warrant the option of insuring your BTC with paypal (ie when they get around to implementation)

When there is something to scam for then there will always be scammers. Even religion is "scammable"..

Bitcoin is still a better way to scam as it is much harder to track. You wouldn't want to give someone your bank if you are trying to scam him..

It's not hard to track someone using bitcoins.

What do you mean?

Scamming is probably done by 1-2% of the people compared to 99%, its just it gets posted alot it feels like its rampant

You are correct to say that there are other types of scammers out there that are able to scam. The thing about these kinds of scams is that it is generally very difficult to pull off these scams without others knowing your identity, so you could get prosecuted/sued for your scam. With bitcoin on the other hand it is much easier to hide your identity as you can easily move your money around in a way to disconnect your bitcoin from your scam. Also a higher percentage of bitcoin related sites accept connections from TOR exit nodes so your IP address would likely be unknown to your victim. And lastly it is generally accepted to keep your identity secret when dealing with someone in the bitcoin world when otherwise people would almost certainly not be willing to do business with you without knowing your true identity.

I'd rather get scammed by another user than robbed of my money in a pathetic, helpless way like how Paypal does it, first by generating revenue from all these absurdly high fees, then of course, the old chargeback scam (https://www.paypal-community.com/t5/How-to-use-PayPal-Archive/CHARGEBACK-SCAM-SELLERS-BEWARE/td-p/27035).

I think what you meant to say or in my opinion should have said is, "Too bad the average person doesn't do enough to secure their money and is a target for scamming".  Just like anything else people will be targeted for scams if the scammer feels their targets have something of value they want. 

Well, I agree with most posts here and believe me, people in all walks of life are running scams.  Even PayPal is a contributor to these. I made a mistake of trusting a guy in person to pay me PayPal for BTC. He paid and on my account it said HOLD by PayPal. So I told the guy I wasn't sending his BTC and he said "Hold on, let me call them." 

He got on the phone, called PayPal, talked for 30 seconds and said "Okay, they are going to release it."  Within a minute the hold was lifted and so I sent his btc and all was great.

Four days ago, I get a notice and the entire $575 pulled from my account. PayPal claims the customer filed a "Unauthorized Transaction."

I've been so upset writing PayPal and calling them and they will not budge because they say I was providing a service (what the story was of course, if you say btc... bye bye account) and that I am not protected under their rules.  I keep shouting that the customer is claiming unauthorized and I SAW HIM CALL YOU AND YOU RELEASED THE MONEY or I would never have performed the service. PayPal is the one who "allowed" the unauthorized transaction and I am even saying, "So Paypal, you're admitting to allowing an unauthorized individual to call you and release this mans money to me?" And then they took it back leaving PayPal (who made a wrong here or is allowing blatant lies) to get off with no loss. Allowed the scammer to make out with a bitcoin and the owner of the account (whether it was the scammer or not) to be unharmed and me as the person out $600.

This is the kind of bullshit that makes me sick.  Everyone knows me as the Michael Moriarty hater and many have probably seen http://antilyze.com and http://scamfindr.com because I am trying to do something about this. I also have a campaign at Indiegogo at http://igg.me/at/noscam which I may nee to re-activate but the fact of the matter is that bitcoin is inviting a new type of scam and I agree with the person who said that the problem is anonymity.  I believe in anonymity like everyone else here. If I want to send my sister in San Francisco $1000 it is absolutely NOBODY's business. That transaction should be anonymous. The problem is, that a few companies and sites (oh maybe coinchimp.com, bitplastic.com, bitspeculate.com, bitlaunder.com) and many others have lured customers in by promoting and talking about their belief in anonymity and facts are facts... if the owner of a business will not give you their info, they are doing something illegal and they will steal from you.

So, here is my clear-cut guide to using bitcoin.

DO NOT PAY ANYONE FOR ANYTHING UNLESS YOU TRUST THAT PERSON 100% or YOU AGREE TO NOT CRY WHEN YOU ARE STOLEN FROM. I promise you that I will never lose another bitcoin and we can get to a spot eventually when everyone can say this.  My website at http://ubbbk.com accepts bitcoin but all of my info is very public. These are the things you need to check into prior to spending bitcoin anywhere!

Is the business listed elsewhere?
Have you searched google adding "SCAM" behind the term.  ie, bitplastic scam
Have you tried the phone number for the business. (Michael Moriarty claims, "I don't use phones" - well duh cause you fucking steal")
Have you emailed support and got a timely response?
Have you verified the physical address?
Have you asked for identification details of the owner?

If they refuse to give you their details (which is their right) I believe you need to not use that business and post on FB or G+ the reason you did not (your right)

By doing these things, the businesses that are legit are the ones who will survive.

There are other ways that people can scam without stealing the private keys. For example around a month ago there was an article about people who were sending letters to restaurants threatening to give them bad reviews on sites like yelp if they did not send them 1 BTC

Hi all bitcointalk members I want to tell you about an exchange site which is scam  "coinexd.com".I deposited some lootoshares to this site but  never received.I also send some xuro coin but never received. I also email him three times but never got any reply.
http://lottoshares.42tx.com/address/LXLYAgQzP6AtXxYKK48Rzv4f9sYtWFrT2P
Xuro coin-Address: XWq22v6yNVrAq28DoYUbv7NzUgy9xtiFUm
TxId: 0b6924c5149b1b841a5e0132c010ffc8a11bd9c774db26fc423c361d4411716b

https://i.imgur.com/9EDdpUP.png
https://i.imgur.com/6LQzhPz.png
https://i.imgur.com/f62juuo.png
Do not ever try to deposit on this site or you will loses all your amount.
Seriously I lost about$3 worth Bitcoin on this site

Scam business is everywhere  ;D
Every country, every fiat there are always scam business

I think i just use popular service & trustworthy to prevent scam

Really sorry for your loss.
Thank you for sharing, however, your post belongs here (https://bitcointalk.org/index.php?board=83.0)

Scamming is not even a fact of currency...people get scammed to do free jobs or chores or whatever and dont get me started with organised religions scams,
scamming is part of life. There are always red flags you can look for but the are only indications.
Longevity of a service is a good indication but then again I've seen pyramids last decades.

I agree. Bitcoin has been a way that people have coerced others into giving them money and allowing the scammer to launder their money to spend safely. Another example of this would be crypto locker virus that encrypts a user's files and the only way to ever access the files again is to pay a certain amount of bitcoin to an address specified by the program.

The whole scamming business is blooming, since authorities are still somewhat hesitant about actually pursuing Bitcoin thefts, you can get the money easily, without reveiling your personal information, and mostly because people are greedy and try to make more money. They get blind with greed when they see the promised returns.

I agree that greed does blind some people, there can be no question of that. However it is also important to point out that many people who weren't blinded by greed, but rather attempted to use exchanges, portals and sites that were well-regarded at the time have also been the victim of scamming. It's possibly a matter of semantics, but the thousands of people who got caught when Mt Gox or Bitfunder went down probably didn't feel that they were being too greedy or aggressive with their bitcoins, more that they were using sites that had a reasonably positive reputation (to the extent that any bitcoin site can acquire a positive reputation) and nevertheless had their coins scammed or their investment value partially or totally destroyed.

Without some type of government regulation and enforceable legal consequences, the wild west or frontier nature of bitcoin banking or investment remains problematic at best.

 :-\

Yes, and even if some people like it exactly that way, it will stop the general public from getting involved with Bitcoin. An economy can't work if only those survive who scam the most, the best, or can hide the fastest. This is exactly why regulation exists, and isn't necessarily a bad thing (like many extreme Bitcoin proponents suggest!)

lately there is more scams than legit things heh

I agree. More scams then legit businesses.....

Scams will always be there. That is somewhat another color of life.

Sad but true  :(

http://cryptoconspiracy.com/overnight-major-ponzi-scheme-cryptcominer-finally-absconds-with-over-70-btc/ (http://cryptoconspiracy.com/overnight-major-ponzi-scheme-cryptcominer-finally-absconds-with-over-70-btc/)

What a loss of sig campaign money :(

You don't know what your talking about.  There are legit business adopting bitocin everday.  Please don't mislead others because you're ignorant to the facts.
The Bitcoin scamming business will never be as big of a boom as the Cartel banks scamming business.  But who cares about that right?   ::)

Yes plus it is too early. Already there are services that rubber stump your good service, like http://www.badbitcoin.org/verify/index.htm.
The best indicator however for good service and trust is longevity, so people stop dumping your money on 2 day operations.
Start small and if trust is gained increase iteratively.

If there are no legit things, there will be no scams too..

I haven't heard of this website before, think I could get my business listed up their as safe?

SOOO True... I was scammed out of 1/2 BTC when I first started with it through a fake (real looking) wallet "service." I got serviced, to be quite sure.

I lost I lost $400 worth of BTC by fluctuating prices on some stupid Sephora gift cards for my beloved cousin. DERP!

etc....

Careful! I'm super grateful for bitcointalk.org so I can gain some experience with this before getting kicked in the bollocks.... meant wallet... again!

Cheers, mates!

bitcointalk.org is a great place to explore new services and find out about the scammers around

Thoughts?
Be always careful dealing with sites.

I dont think so boy , every place has a chance to playing bad right? ... just do the best and love bitcoin :D

MMMmm , I'm loving it !!!  :) ;D :D

You are correct to say that there are legit businesses that are associated with and that accept bitcoin. However it is also true that there are a lot of bitcoin related scams out there. The reason for the large number of scams is because of the fact there that it is so easy to hide your identity when dealing in bitcoin so scammers think they can scam without anyone knowing who they really are

Yes... there are lot of people who are scamming btc sites for a little amount of BTC.

I don't understand why we need to deal with them when there are reputable exchangers around. Probably what we need here is a list of all reputable sites we can trust.

Also if the offer is too good to be true, then think twice. Probably that is for scam investment firm promising good return for btc entrusted to them

Bitcoin business is booming, that is why scamming business is also booming. :)

Absolutely. You can double that when dealing with 'bitcoin investment' sites.

 :-\

Bitcoin was founded by Charles Ponzi

Newcomers are so desperate to earn bitcoin wherever and however they can, creating opportunity for the scammers.

I scam :(

Yeah, they act like bitcoin desperado junkies hell bent on getting their coin fix, it's pathetic. Seeing the way some people act on this forum, they are virtually asking to be scammed.

 :-\

I'm starting to think the only people making big bucks on BTC are the scammers in the long-run. Seen so many millions scammed...

There is somewhat of an argument to make people take a quiz before signing up on here, or to otherwise make it much more obvious that the forum does not moderate potential scams.

I think that people are just so used to there being consumer protections that do not appear in the bitcoin world. They assume they will be protected from scams when they are not and as a result they do not do sufficient due dilligance

The easiest way to didnt get scammed is to do not trusted anyone ..
but how about carding?
as you know there's many company accepting Bitcoin in online shoping now , is there any possibility in 'bitcoin carding' ?  ???

Just use Paypal

^ epic call bud ! :D

soooooo many scams and hacks

and don't forget the fake hacks too

it is the wild west out there

fortunes are made and lost

always assume that somebody is trying to rip you off

True. And I'm afraid that includes you after I got the following PM out of the blue:


Now kindly go f* yourself.

HAHAHA I got the same thing from this scammer. I didn't tell him to go fuck himself though, but now I'll tell him NOW GO KINDLY GO F% yourself!!  what the nerve he PM's me the op on this thread.

If you were to buy something from a merchant with bitcoin then you would need to trust the merchant with your money until they deliver the goods to you.

You are correct to say that the best way to not get scammed is to not trust anyone however if you don't trust anyone then you cannot engage in any kind of commerce

This is ironic yet amusingly hilarious

Are you sure there isn't a minimum deposit threshold?

Trying to scam legendary and hero members? He doesn't pick his victims carefully. :D

Last year and so far, the bitter consumer adoption has grown significantly and a range of retailers, including huge global corporations, have decided to beat their hands on the digital coin. Moreover, the authorities have begun to demonstrate a better understanding of technology and the blockchain to use bitcoin is recognized as an innovative technology.
Fraudulent exchanges and cloud mining, phishing schemes, pump-and-dumb IPOs, and many more are current security risks that bitcoin users face every day. Only this week, three mining services seem to have gone bankrupt.

You propose to create all the moshenic enterprises and then say that Russia hacked them? Strange, I think now there is Internet access for everyone, and the example of the Polish company is not new for deceiving people with bitcoin and its translations. It is necessary to bypass untested sources!

This is bullshit. Actually there are so many websites out there that are scams also. Guess what they are still continuously doing this kind of stuff and there are still individuals who are still believing. We should be more smart in dealing with this crypto world. I am agree on your theory sir.

I hate to admit it but I've been scammed - twice! I consider myself a pretty discerning person but I lost money to:

1.megabitchain.com - a HYIP offering great returns. They were paying well and after my test deposit I deposited a few hundred - and the next day the site was gone along with my money.

2.https://hackmining.org/contact.php - touted by a guy on https://www.facebook.com/groups/bitcoinearnings (it's full of scammers!) promising huge returns on mining. I purchased the software; which didn't work. The worse part is (against my better judgement) I gave them remote access to my computer to solve the issue with Team Viewer (and the team viewer password). The convinced me to upgrade to the Pro version - and $150 later I haven't seen the software download or heard back from them.  

All in all $700AUD hundred lost; not a lot in the scheme of things but it still bites!

I almost lost money to the mining scam going around with the intro phrase: "I mine bitcoins on blockchain wallets.By connecting to the mining stream i can mine a total 0.5 between 4 to 7btc weekly.Would you like to know more about this?" Again, found these guys in Bitcoin Earnings FB page. But I wised up to it.

I have a few questions I'm hoping someone can help with me:
1. What sort of damage can they inflict with me granting them remote access? I've deleted Team Viewer and the mining software, and I'm running a full virus scan. What else can I do/should I look out for?
2. Has anyone heard of https://mining55.net - or am I looking straight at another scam site?
3. Can anyone recommend some good passive return investments? I get that trading alt coins is a good way to build up funds to purchase BTC and buying and holding BTC is the ideal; at least that's my strategy. I'm just trying to build some funds to purchase alt coins as my cash flow is non-existent at the moment and I'm a busy mumma :)

I've got investments sitting with USI and BTCGlobal and they are returning well; though slowly. Others say mining and lending are good opportunities.

Any thoughts, recommendations; alternative strategies, decent FB pages to connect with would be appreciated. I need to get away from these scammy, scammy sites!

Thanks :)

In a strict sense, this is considered a financial fraud, and the perpetrators can be sent to prison. Regardless of whether Bitcoin or Litecoin is lost, the essence is financial fraud, which has nothing to do with the blockchain and complete legal issues.

yeah it is chronic for now becasue the bitcoin has a high value even though it is dropping price until now, there are more people want to get bitcoin because it is number one digital currency. bad people want the bitcoin because it is a expensive money and has a fast trnsaction it is fast negotiation but if we have alert and we know the strategy of the scammer im sure scammer wont let do it to you because you are careful 

I wonder if there is a competition about getting scammed. I got scammed like 5-10 times already with Bitcoin.

I can not deny about this thing. The bitcoin scamming business is really exist and disturbing the users. We should aware about it. As the smart users, we should more careful. Because the scamming business exist for financial purpose too. Because we can prevent it, so should not worry too much.

Even here in our country a lot of people here are doing anything just to have an easy money, I am not just wasting my time and I am being practical of anything that I am entering especially when it involves money. That is why it is really up to us if we will eat the bait or to think many times.

Scam is a business and it is here to stay. It depends on the people's mindset, most of those who are getting scammed are believing in a "Get Rich Quick Scheme" which is too good to be true, therefore, they could lose money. There should be learning from own and others' mistake to avoid scam.

do you why ? because bitcoin price itself booming everyday so cheaters can take advantages of noob who trying to make quick profit , so it is better to study every ICOs or Bitcoin investment before go all in .

Cheating is not even a fact of currency ... people are being scammed to do free work or work or whatever and do not get me started with organized religious scams,
cheating is a part of life. There's always a red flag you can search for but only indications.
Long service life is a good indication but then again I have seen the pyramids of the last decade.

We all know trusted teams that gives a great project rather than some new comers that are saying thattheir ICO are the best among the rest in the crypto currency. Its better to research more about what the project is all about and know the potential of its growth.

whereever there's an opportunity to do scamming, someone will get the opportunity for this

As long as there are opportunity to make money, there will always some people scamming others to earn even more
This crypto baby needs some Police so bad, that's why I am supporting Ethereum Blue known as BLUE which is providing automatic contract and wallet scanning that will gives users warning before sending any money to the crimi  address

Bitcoin is not scamming business it is real business  of real peopels

This is the only downfall with bitcoin is, it is anonymous, and very hard to track. So it is very easy for scammer, to scam people. Few days here in my city it happened, and it was all over the news, and people start to think bitcoin is a scam. But they do not understand it is just the currency scammer use to scam people. 

Add to the list of scams..... I just realised I m a victim of the bit4g scam. They pay out oversized profits but u can't withdraw them. They cite btc congestion n deny withdrawals. Emails and support post has gone un answered which is a big red flag. Please be forewarned n share this alert with all in the community. Maybe someone can draw up a list of all the scams so more people can avoid crypto grief and loss of $. We are all in it together.

You're getting scammed in bitcoin is all your fault, people can't easily get scammed like that if you're carefully in every transaction of yours.
Using escrow for every single trade is a key to avoid scams and i don't think you're using this service right ?
People have to protect their own balance because others won't help you to do it.

along with the increasing popularity of bitcoin.
many irresponsible person use the big name bitcoin, as a tool for their personal gain.
and disadvantage others, who trust bitcoin as a long-term investment that profitable for them.
as an investor we should be more careful in investing, and should be able to recognize a fraud under the guise of bitcoin investment.

Hi all,

What do think about Welltrado (welltrado.io)?
I saw Celcius network already raised 30M usd, do you think Welltrado could raise more?
I would like to invest in this ICO, but I'd like to hear your opinions.

Cheers

Lately I also often hear that often there is fraud in business and many are primarily bitcoin fraud but still trying to capture the bitcoin people who want to commit fraud business.

And while these businesses are blooming, it gives negative feedback to bitcoin's reputation making those people believe that bitcoin is indeed a scam. Hopefully these people behind these scams will be put behind bars soon.

There are people who are really scamming other investors where they are using bitcoin concept as a pyramid scheme or ponzi and this people who does not really know about cryptocurrency are believing immediately and that's the reason why other people are thinking that bitcoins is just a scam.

Bitcoin fraud is taking on incredible proportions in 2021: Almost every day my friends and I get calls from fraudulent Bitcoin trading platforms that do not have a banking license and will certainly never pay out the money again.

I am looking for a site in English that collects and lists all cases.

In German there are e.g. such lists https://www.btc-forum.de/forum/index.php?board/14-betrug-mit-bitcoin-handelsplattformen-user-berichten-vom-bitcoin-scam/

Do you have a tip where I can find something like that in English?

It's not a new thing, btc scamming businesses and fake btc giveaways are popping up every year.  just a bit of advice is not to trust 100% of projects or anything that offers big bonuses or anything else that doesn't make sense.

Scammers will not miss an opportunity to commit fraud in any way, especially now that Bitcoin's popularity is increasing. So many newcomers join
the crypto world, who don't have the knowledge and experience in the crypto world. These newcomers will be prime targets for scammers, as they
will be more easily tempted by unreasonable offers. So I agree with you, that Bitcoin scamming business is popping up a lot, indeed we should not
be too trusting 100% that promises something excessive and unreasonable. Because after all making a profit from Bitcoin requires a process and
cannot get rich instantly.

Actually nowadays scammers already use the normal strategy in which promising not Huge bonuses because they already Learn about people having idea of that "Too Good to Be True "  scandal .
So now they are promoting and offering normal benefits yet in the end they will scam still.
so Meaning Invest at your own risk in deepest evaluation and deepest research you can have for your funds to keep safe.

Government Giveaways? do people believe that any of their Governments outside El Salvador's Government  ;D will actually be doing any cryptocurrency giveaway? I believe they are the ones that are actually setting themselves up to be scammed. On the other hand with regards to other forms of scam especially with some crappy exchanges, that's on another level.