It's a good list, but I disagree with many of the crypto-dependent items.
- An ICO scam is just a Ponzi scheme, pump-and-dump, or outright theft. The fact that a cryptocurrency is involved doesn't really change anything.
- Blockchain dusting is not fraud or a crime. It is a privacy issue.
- Exchange manipulation can happen on any kind of exchange.
- A 51% attack is not fraud or a crime.
Here are some more:
The irreversibility of cryptocurrencies enables the basic fraud of not getting what you pay for.
There is also a kind of trading fraud called man-in-the-middle which is enabled by the irreversibility and anonymity of a cryptocurrency.
Any kind of fraud that can be done with cash can be done better with cryptocurrencies.
Thank you for your response! I definitely see your points, and this is exactly the type of input I was looking for. You are correct about ICOs, and it is definitely debatable, but I felt that the way ICOs work in the crypto space was unique enough that it deserved its own mention.
Re the other points, you are technically correct, my definition of 'fraud' in this case was rather loose. In any case, valuable input!
Regarding the MITM attack, do you have any more info about that?
Just decided to qoute your image link so other members could see it.
Cheers!
Crypto dependent, i think You missed out the biggest link of them all.
Manipulation by ICO and Coin ranking websites like Coinmarketcap, Coingecko, ICObench etc
Especially on ICObench's case, there have been so many ICOs that have been highly ranked by their so-called experts only to later turn out to scam.
I made a topic of the whole cycle in the trade discussion board
https://bitcointalk.org/index.php?topic=5115256This is a good one! I suppose it is maybe hard to prove that the 'experts' were aware it was a scam though?
Good and helpful post, even I agree with odolvlobo on some of his points.
You should still add explanations or descriptions to the individual types of frauds. I think most people hear these fraud types for the first time and can not imagine anything like that. This would make your post more informative.
Thank you! Once I get a better outline, I will definitely add some explanations, as well as proof links or examples for each.