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Author Topic: [2013-12-02]Sheep Marketplace turns out to be a scam (nearly 40K BTC!)  (Read 3665 times)
niothor
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December 03, 2013, 10:58:28 AM
 #21

Since the 1000$ one in two business who deals with customers bitcoins gets "hacked".
And still , people trust some shady persons and deposit thousands and even millions of dollars just to wake up with nothing.

I 'm wondering what type of users are in the community: who have never been scammed or people who have lost some of their bitcoins  at least once.




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December 03, 2013, 01:35:38 PM
 #22

vendors account for the bulk of the stolen coins. Apparently the site made some feeble excuse and ceased vendor withdrawals for a week. That is a lot of escrow build up. Some social engineering with a trusted vendor or two kept things from going pear shaped too fast, and then they made off with all the escrow when the jig was up.

Before people say well it is a problem peculiar to pathetic junkies, the same thing could happen to anything in the BTC world that is very popular: An E-commerce site, a tumbler, e-wallet service, btc exchange, you name it.  With sufficient incentive (a lot of btc in transit and a spike in price) the same thing could happen either on purpose or opportunistic or a hack, of course.

True it could happen to anything, but it happens more often for businesses that are illegal themselves. You have a tough time going to the police and saying, "I'm a drug dealer and was scammed out of my drug money!"

I wouldn't be surprised if maybe this was some sort of a sting operation as well. The government would be smart to pull off stunts like this so as to completely destroy the faith of users in online "black marketplaces".

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December 03, 2013, 01:37:02 PM
 #23

Who would have thought the inputs.io scam could be dwarfed? Cheesy
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December 03, 2013, 01:39:03 PM
 #24

vendors account for the bulk of the stolen coins. Apparently the site made some feeble excuse and ceased vendor withdrawals for a week. That is a lot of escrow build up. Some social engineering with a trusted vendor or two kept things from going pear shaped too fast, and then they made off with all the escrow when the jig was up.

Before people say well it is a problem peculiar to pathetic junkies, the same thing could happen to anything in the BTC world that is very popular: An E-commerce site, a tumbler, e-wallet service, btc exchange, you name it.  With sufficient incentive (a lot of btc in transit and a spike in price) the same thing could happen either on purpose or opportunistic or a hack, of course.

True it could happen to anything, but it happens more often for businesses that are illegal themselves. You have a tough time going to the police and saying, "I'm a drug dealer and was scammed out of my drug money!"

I wouldn't be surprised if maybe this was some sort of a sting operation as well. The government would be smart to pull off stunts like this so as to completely destroy the faith of users in online "black marketplaces".

Why bother? Greed is their ally! And Greed has no limits!
Also people trying to scam others are far more inventive than the CIA will ever be.


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niothor
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December 03, 2013, 01:40:21 PM
 #25

Who would have thought the inputs.io scam could be dwarfed? Cheesy

In two years time we will talk about inputs like , oh that petty scam , take a look at this one , 1000x more , donkey market owner running out.


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New Age of DEFI
A Non-Code Platform for
Decentralized Trading Instruments

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Kiki112
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December 03, 2013, 05:58:15 PM
 #26

too many scams,damn you irreversibelity in donations  Grin

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