Bitcoin Forum

Just read this article, a nice piece about Bitcoin scams with an example - http://cryptofinance24.com/how-not-to-scam-people-p428-171.htm
The example story about one scam there is just hilarious. The scam is so bad, but people still fall for it  ??? ??? ???

So, have you ever got scammed, or know some good stories to share with others to help them learn from others mistakes?

well written article.. the binance bitcoin game scam is funny though, this many red flags and guys still send their bitcoins, omg  ;D

This type of scams have been around for so long and people still falling for them? Just use a well known brand, create a fake website and enjoy? LOL

Scammers are in any field. So everything in this world is a scam? A fork (for eating ;D) can be killed. Forbidding forks? Fraud is committed to people, not bitcoin.

I think there should be more articles like this. There are people who are looking for quick buck and big returns and do not do their due diligence. Also people are just bad when it comes to learning from others mistakes. Articles like this help to increase the awareness, and decrease the chance of these scammers getting any more money. Thanks for sharing!

Yes, of course. There are scams everywhere there is a possibility to scam. But, as we are here on a crypto forum, we should be talking about the scams that are about Bitcoin and other cryptocurrencies. I think it is important we educate people who are new and do not know all these scams etc.

I have never been scamed but I know that people are very naive and they will beleive everything you tell them or show them, especialy if they think they might get or earn something in a easy way.
Despite so huge number of scams they still are not cautios and suspicious enough. We need more awareness and education campaigns, ignorance is exactly something that scamers are counting on.
Don't ever forget, if something is too good to be true, it isn't!

I 100% agree with you!

i think a big part of this is because there are a lot of kids around in cryptocurrency market. for example with all the free giveaways of small amounts such as "bounties" and "airdrops" a lot of kids were introduced to this market. then they eventually want more money but they don't know how to do it so they fall for these scams which are obvious to us but maybe not to them.

The reason behind Bitcoin or any scam is scammers think that scamming is the easiest way to earn money. But, in the fact, (most) legitimate ways are much easier than scamming. So, why aren't scammers thought to waste their scammy creative mind to build something legitimate? As I feel, bad karma.

if you take a closer look at this issue of sca, apart from the fact that the scammer presents his or her case so coordinated and in a way that is confident enough to have convinced his/her victim, the victims most times have some element of greed in them too. remember that it was not hacking but scamming. so, a little of greed in the victim has made the victim to get scammed

Indeed, greed is driving people to look for more and more opportunities to get easy money and profit, same time not doing any research. That's why scammers scam, they know someone will take the bait.

In last 8-9 months the scams got bigger like monsters! First i got on this cryptocurrency world there was goood air everywhere, there were no scams, ICO's were succesful and made us great money, the bounty huntering business were too fine too, we did made lots of money/coin from there.. But when i look now, the air gots pollutioned, everyone telling lies, nearly all the ICO's arre bullshit.. This world is dying before while its new born. Someone needs to do something for the HELP!

I've never got scammed,but I remember I guy that was selling a strange Fiverr gig.
The Fiverr gig was "Send me 300 USD worth of bitcoins and I will return you 380 USD after 2 months".
A friend of mine sent bitcoins for 400 USD to that scammer,and the scammer never replied.

In my opinion it is natural that in the cryptocurrency world there is fraud, it is the act of irresponsible people and wants to find even more profits easily. For this reason, it would be better for us to be more careful when investing in the crypto world so that we are prevented from acting irresponsibly. We should also learn more about the crypto world before we start investing.

It's a very old scam and not so new for people involved in cryptocurrency. The sad part is people who fail in the trap, not sure who is to blame here, the scammer or the people scammed. There is an interview online about this scammer, he claimed to make $50,000 daily and hired a dozen of guys to work for him

Yeah, it has been around for a while and it's sad people still fall for it.

Well after reading the article, It is really obvious that the sound of a 5000 BTC giveaway was so good to be true that even you would surely notice how obvious that kind of offer is a scam, But I guess there are still some people bite the offer because they are really desperate with the situation that this is their opportunity to get something this big, And second is the name of a well known exchange site was brought up and sure more people would take this to consideration, I really think this is not Binance doing and their reputation is really at stake here.

Scams can not be avoided. Everywhere there is a scam even outside the crypto currency community. It is our job to secure our own belongings before someone do something bad about it.

I think 60% of the users on this forum has been scammed at least once. I have seen lot of scams in the casino environment, when is about get money people can be really creative.

I have been scammed by users asking for loans and then running away, and i have been scammed by casinos who decide to keep my money and block my withdrawals.

Some years ago the biggest bitcoin scams was based on Ponzi, now days we don't see much ponzi, but we see lot of ICO's ending in scam. So, let's play it smart and be careful.

Bitcoin and entire crypto industry are still in the basic phase of development and hence scams are taking place. However, the concrete solution to deal with such scams lies in the building mass awareness about it. Lack of knowledge and understanding about this sector is beneficial for those who are willing to manipulate this situation to execute their scam.

I don't care about the assumption that people say bitcoin is a scam because prices suddenly drop dramatically and don't make sense. but when the value is back at the pump, they can only be jealous of the assets we have. so, stick with this situation.

Mate, please read the article first. Bitcoin isn't a scam, no one has stated that here. Rather than it is used for scams and people are falling for them. Again, please read the article and lets discuss it then :)

yeah but depending on the category  of a particular scam the number of people that fall under that category may be very small. for example the obvious Ponzi schemes only take newbies as victims not the others. so this category only affects the newbie category of people and has a high percentage there. but overall it doesn't have high stats.
another category can be the exchange scams where they take your money and run. this has affected all kinds of people. basically whoever used an exchange has a bad experience in his history if he has been around for a while.

Yeah! And what's funny, the scammers are getting lazier too. Look at the site of this scam. No working buttons, lots of errors, etc, and people are still sending their Bitcoins to them.

They tried to deceive me, but the scammers did not succeed. Whatever you are not deceived, it is enough not to be stupid. :D

That such a sucks article, even the website is not secure, be careful with reading articles in random websites, sometimes they inject a virus for detecting your private key or making you copy their address to make you lost your money

I have great updated antivirus, nothing detected. Been reading news there for some time now because they got great articles. Seems like a legit site to me.

the scam is back.. with one difference - they switched from bitcoin to ethereum ::)

it's true because all this time there have been a lot of fraud in bitcoin and theft too, so all we have to do is always be careful and alert

Since i'm new in cryptocurrency. I got scammed 2 times :'(. The investment sites scammed me Btc and Eth. I fall into investing to them because of their promise 100 percent return of investment. then after that happened. I learned my self to study first and to invest to a right place. And i don't let this will happen again.

It's really sad to see people keeps falling for all those scams. I can see many crypto related Twitter account have added the line to  there name, to do not give away Eth, because there follows though that they would get free ethereum from a scammer with a lookalike name.

It's rather unfortunate that those who normally fall for these kind of scams will later fall for almost seems similar one in the near future.  Their greed and their inability to learn from their mistakes will always be their doom.

In the crypto world, there will still be a name for fraud, so before we enter the crypto world, we must know the risks that will occur, and because we are required to be more careful in cryptocurrency, especially in the form of investment, therefore we learn and keep trying so that we can avoid the name fraud.

I'll tell my stories. Let's start at the beginning:

In 2015 I got an email from a guy who said he was in the hospital and that he was rich and he was dying but he had no heir and the guy asked me to be his heir but I should send him $ 150 for Wester Union. I did not have that money but I confess that I wanted to ask for loan to send to the guy, The guy noticed that I did not have the  $150 and stopped sending me email

Months later I got email from a guy who promised 200% returns if I invested in your business, I did not even ask what business he was talking about and I sent him $ 30 and never received anything.

that's why I hate scammers. Scammers take people's money and take people's hopes.

Yes, it is extremely important to do your homework in crypto-world before investing. Actually, that's true about any investment decision you make.

Scammers are everywhere in the world even in and out crypto. Where there is money involved bad people will take advantage and try to victimized others and steal money that are not belong to them. But if scammers are wise we must be wiser. We must be one step ahead of them. Before they can take our money from us we should be aware of there strategy before its too late.

If you want to learn about ICO scams then this episode of the Crypto and Blockchain Talk is pretty good - ICO Scams and Cryptocurrency Backed By Gold #26 (http://cryptoandblockchaintalk.com/cryptocurrency-backed-by-gold-26)

That's the first thing I noticed though, the site is not secure.

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"if it's too good to be true". This old adage is very applicable to bitcoin ecosystem. As for those who have been victimized by the scammers, its really a expensive lessons for them to learn. Admittedly, I have been scammed when I was just beginning my journey here. I invested on HYIP (which at that time, I never knew about it). Got my initial returns, and I thought, wow its easy to make money but after a few days of re-investing, the sites went on a maintenance mode and no one could withdraw their funds. The rest is history but it teaches me valuable lessons. So just be careful and don't be the next statistics on the growing list of scam victims.

I think it's great that we increase the awareness of this type of scams. Yes, we have been around for some time, but there's also a lot of fresh blood and people who haven't seen these things and might not spot them as fast as we can.

People, don't get scammed  ;D

 I dont think so that bitcoin is scam.I think so some people around bitcoin are the only scammers

Very difficult to avoid fraud. nowadays there are scams everywhere even outside the crypto currency community. It is our duty to be more careful about our own assets before someone does something bad about them.

fraud is happening with the development of time, whatever is now the trend that will be used as fraudulent land, at that time ponzi is very trendy and fraudsters go around looking for prey behind the scenes of ponzi, and the current trend is ico's investment
they also roam mines a lot with popular and convincing ico themes

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-millionaire-cryptocurrency-scam-thailand-a8492606.html

wow, scammed out of 5564 bitcoins.. which would be around $36 million right now..

OK this is just one of the examples of possible scams. What others scams have you heard of?

There are telegram group that setup create a website telling people how they can make good ROI in few weeks!! everything looks good but ask them questions on the economics you find out they are all not in place with the figures. and after a while they ban victims from writing in groups

How these scammer can even sleep and not be afraid of karma catching them eventually?

Anyways.. keep your eyes open and before sending money to someone, know exactly for what you are sending the money for and check their background.

Not all people believe in karma and obviously not the scammers.
They will be around as long as there are people who are falling to their schemes.

We cannot deny the fact that the delusion of money can make us people blind and that's the reason why most of us are end up into a scam because some projects offered like that and make us also interested even though it is actually a scam.

Just saw this on Twitter - https://twitter.com/DougPolkPoker/status/1051541408123838464

Hilarious, but most likely understandable only if you know some poker. Anyways, very funny. This shows that there are a lot of people who pretend to be someone else to get your money. Stay safe!

Thereare telegram channels as https://t.me/cryptovigilante that do a good job preventing these scams to spread

Yes, Telegram chats are great for these purposes as well. Additionally to yours there is one for CryptoFinance24 as well - https://t.me/cryptofinance24
Great chat for anyone in crypto. There was actually just today a topic about a scam.

Interesting read - https://99bitcoins.com/bitcoin-scam-alert-list-current-bitcoin-scams-scammers/

Nothing ventured nothing gained, right? Well I guess I'm a bit too cautious. In my case it's nothing ventured nothing scammed. And to tell you the truth it's not exactly something to be proud of, but I suppose I'll get the courage one day.

I read this article, this is very exciting, but unfortunately this article did not receive more attention, I think it should spread to more areas! This can alert more investors!

This is up to us to share this type of content and spread the word. Only this way we can stop scammers, or at least make it hard for them to earn a living from scamming others.

There are various stories about bitcoin related scam issues. Well this one we ought to be very careful about some fraudster hit me up on a social media app asking me to help withdraw bitcoin for him and sent me a link to a fake, fraudulent exchange which anytime I try to withdraw it demands for 0.01 bitcoin. Then I had registered this exchange with an active wallet I would have gotten duped.
So it's imperative for us to be careful

Just read about this one https://ethereumworldnews.com/ethereum-android-scam-swindle/

Quoting article:
"The app claims to sell “just an Ethereum” for 335 Euros, or approximately $100 over the current value of a single ETH token. While the exorbitant price would be somewhat of a scam in itself if that app actually provided users with one ETH, it turns out that users who purchased the “Ethereum” app got nothing but the classic Ethereum logo, with all of its sharp vectors, minimalistic features, and dark aesthetics.

What’s even more bizarre is that in the app’s over a one-year lifespan, it has garnered over 100+ installs from unsuspecting users, racking up a minimum of $39,000 in the process."

We all have fraudsters around us, and in bitcoins, there are more, because it's so attractive, giving them a high profitability. So, be careful about the island and have high vigilance

I really like Telegram, but it's true that everyone shoud be very carefully there. Scammers are really doing everything to get your money and first rule on Telegram would be not so send money anywhere. Especially if someone PMs you to send money this is obvious it's a scammer.
Some scammers also impersonate admins of ICOs, so always check their username and if someone PMs you and say he is an admin of an ICO it's almost 100% a scammer.

Yea, that's true. It is easy to act like someone you are not on Telegram. Same on Twitter. Before sending someone money, make sure they are the someone they say they are  ;)

yes, and you know what else helps the cause? - you can stay anonymous..

Very few people really understand bitcoin scam. This makes it easier to make false promises and unusual moves without getting caught.Moreover, It’s mostly anonymous. It’s a lot easier for scammers to cover their tracks. Once bitcoin or other cryptocurrencies have been stolen, they are probably never coming back to their rightful owners. In addition,It’s largely unregulated. There are ways for scammers to steal bitcoin without breaking the law, and there are few authorities that will ever go after them.

I'm not sure if a scam could ever be funny, particularly if I lost money in it.  >:( But I agree we can enjoy reading posts about people who got scammed because we can learn a lot from such stories. Out of every bad thing something good can come if we are positive. I truly believe that. I found the De Niro movie 'Wizard of Lies' to be chilling. It was a compelling movie, not easy to watch but you couldn't leave it. It was about a scammer, but you ended up feeling sorry for him in a way. It wasn't about crypto currency, but after all, money is money and scams are scams. Whatever the currency.

First of all, I believe that everyone is responsible for themselves and you need to figure out where you are investing money and understand the consequences.

What i dont get, are those people who actually try to copy youtubers or something to get money. how can those be succesful with it? They are not able to verify anything. You see it in many channels, someone join -- saying: Greate Project, im a youtuber with 100k subscriber and stuff.

Yeah, you might think so, but still there are plenty of people who fall for it. I mean, a supposedly famous person asks you for some money, you will give it to them  :D

bitcoin scam is a person who performs bad deeds in order to take advantage of others, now these behaviors are quite sophisticated and we hardly detect them to prevent it

true that, many people want simple steps or that people do work for them
if you really want shine in bitcoin investment world, you must do your homework yourself

Scammers can fool us anywhere, so you have to be very careful. Unfortunately, virtual wallets and, in general, systems are also easier to open, therefore you cannot be 100% sure of them

https://coinsutra.com/cryptocurrency-scams/ - "7 Most Common Types Of Cryptocurrency Scams & Tips to Avoid Them"

That is a pretty useful article about crypto scams. Give it a look.

So bad that some people still fall in this kind of scam and also in scam in general. They should search before and search again and only if they are 100% sure that the site where send coins "money" are legit. Also people should protect when access the internet and put an antivirus on their PC and on mobile phone and never click or access suspicous links received on email or by SMS.

Fake wallets in Google Play store.. be aware guys

Article here - https://cointelegraph.com/news/four-fake-cryptocurrency-wallets-found-on-google-play-store

The truth is that bitcoin are everywhere around us. The scam is really bad but because of greed, people still fall for it and they are not alert to it.

Do you want to say that Bitcoin is a scam? I think Bitcoin is not a scam, rather than another tool that can and is used by scammers.

Here is also another thread that is doing a good job spreading the word of scams - https://bitcointalk.org/index.php?topic=5046822.0

Thank you guys for doing that!

Nice article by Investopedia about 5 types of Bitcoin scams

https://www.investopedia.com/articles/forex/042315/beware-these-five-bitcoin-scams.asp

Give this a look as well https://bitcoin.org/en/scams#blackmail
Bitcoin.org has done some good work here   :)

I got scammed once. It wasn't a big amount, but about 100 USD. It was a cloud mining scheme. I was a noob as well at this time and didn't do enough research about the company and the project. Looking back there were some red flags, but I couldn't notice them. Biggest of them was that there were already some scam accusations on the internet about them. Wish I had googled them. They are not active anymore, at least not with this project. Maybe they have started new one, who knows. So, keep your eyes opened and do your homework, check the backgrounds of people who are managing the project and so on.

Don't participate in scammer website, new user maybe didn't know, but old user must learn to new user. So new user not got scammed.

I have never been scammed but i have witnessed the famous 1000 ETH or 1000 BTC giveaway scam on twitter where hacked verified twitter profiles are used to scam greedy people who think everything is free on the internet.

If u not sure is this website scam, look for the related topic on bitcointalk, that is the fastest way to see crypto ppl thinking about the website.
secondly, u can ask on forum too, but u need to notice if the answer ppl is on the website campaign then u need to took more answer. Or the answer from the ppl who not involved promoting the website.

https://www.ccn.com/people-are-still-sending-funds-iranian-bitcoin-addresses-banned-by-the-us-government/

Talking little bit about a scam involving Bitcoin

Sometimes a few batches of common sense are enough to avoid 99% of all scams. It might be true that there are some very good scammers, but most of them are easily to avoid. Finally it's up to you if you are educated to avoid getting scammed or not.

A few hours ago there was a scammer trying to scam people which should "donate" to santa clause and if they do they should get a surprise. What a bad scammer. Common sense to send never first would be enough.

Exchange Scams
Despite their decentralized nature, most cryptocurrencies are still bought and sold at exchanges. While this makes it easier to find the coins investors desire, there is still no regulatory body overseeing these exchanges in many countries. Thus, many investors have been left penniless when the exchanges they signed up for turn out to be traps. In December, several South Korean exchanges were exposed, leading to promises of stiffer regulations by the country’s authorities.

These scams are not hard to spot but can be costly if not avoided. One of the biggest red flags is the promise of unrealistic prices. Exchanges that promise heavy discounts on bitcoin use this strategy to lure in unsuspecting victims. Additionally, users can check exchanges’ URLs. Web addresses should always begin with HTTPS, a sign that traffic is encrypted. Visiting unsecured websites is a bad idea, but alert investors can avoid losing thousands by looking for the right signs.

I have to say right away that I have never been a victim of scammers. But I know a lot of stories about this.
It always has the same rules.
Free cheese. "Just pay 0.1 ETH per transaction and get 10 ETH" You can still see it in some telegramm channels.
To be honest, I can not imagine who can believe it for now. But if scammers use it, way is working still.

Most of the time, being cheated just because of greed, scammers usually set a free pizza for you. When you want to eat it, you may need to pay a little bit of money. Compared with pizza, your payment seems to be trivial. But scammers is cheating on your little bit of money. So never trust a free lunch like this.

You still have to be thankful that you only loss that amount of money.
At first when we enter here, there's a lot of opportunity to make money, however due to our aggressiveness we forget to conduct due diligence that's why we fall as victim. But that's alright, you loss money but you strive hard to learn and eventually you'll earn.

people always got scam because they are  believe bitcoin is getting rich quick  , last  two years i got $2000 in scam project but right now it stand as a lesson to me , We must lean about bitcoin and Altcoin especially ICO project before  we invest into it  or else we will always fall victims ..

Yes my first online work was addcrump it was a rev share and I lost 500$. Always check the project and after due working and testing invest

That's the fact, they were here with a wrong information so they make a wrong action.
Bitcoin is not an investment, it's a tech where we can use to transfer online but due to its limited supply, it has become a good investment.
But, this truth is not what the people understand, they tent to invest in ponzi scheme who requires a bitcoin deposit.

Yes, I did get scammed buying tokens during ICOs. I didn't think it would end this way. I invested into a few coins including Nimiq and I am with -90% with my initial investment. It is doing really bad especially because the team received all the funds and they just laundering the money for themselves. So, guys don't invest into ICOs

People wanna free staff so they got scam so easy

Greed is the thing that gets people to get scammed..

What's up with it?

Well that's why they are called scammers because of their unprofessionally attitudes

Scammers will do anything just to let you believe how legitimate they are,and sadly still many people here are falling into this.but ofcourse we cannot blame them since these bad elements are here to victimized and nothing more

Well I have not yet been scam and I don't intend to be. Really we need to discuss more on how to prevent being scammed I mean measures that are substantial to make one less vulnerable to scamsters

Scammers are at least getting arrested somewhere, which is nice. They shouldn't be able to just run with the investors' money.

"Fifteen Alleged Operators of $8 Million Crypto Scam Arrested in Taiwan"
https://cointelegraph.com/news/fifteen-alleged-operators-of-8-million-crypto-scam-arrested-in-taiwan

Glad to see this, really! These are the signals we should be sending to the scammers. They can't walk freely.

It's a selective Scam.

They block "big ammounts" and keeps paying small people that makes a lot of noise that everything is OK. Be awere and do no put your money there

Thanks for the info. Will look into it before putting money in there.

Another scam is happening now.The founder of Lendefi project is a known scammer and con artist.
Robin Dey was shut down by ASIC in Australia and scammed investors out of millions in the Malta DX scam 2 years ago. He then went on to try and run a scam in India called Hempcorp.
Please read this document: https://www.dropbox.com/s/n0ee5hnx92dz7ca/TIMELINE%20OF%20EVENTS%20Adam%20March%202019%20-%20Google%20Docs.pdf?dl=0 (https://www.dropbox.com/s/n0ee5hnx92dz7ca/TIMELINE%20OF%20EVENTS%20Adam%20March%202019%20-%20Google%20Docs.pdf?dl=0)