Bitcoin Forum
March 28, 2024, 09:07:24 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Some basic crypto scam you should know to avoid loss your hard worked money.  (Read 300 times)
The Cryptovator (OP)
Legendary
*
Offline Offline

Activity: 2198
Merit: 2165


Need PR/CMC & CG? TG @The_Cryptovator


View Profile WWW
June 02, 2018, 05:02:13 PM
Last edit: May 11, 2019, 04:36:28 PM by Coolcryptovator
Merited by odolvlobo (1), TheBeardedBaby (1)
 #1

Some basic scam I will describe for newbie to avoid big loss. We can avoid it before attacked.

1) Wallet hacking:
Basically we used some crypto wallet to store our crypto coin. Example: blockchain, coinbase, coinpayment and MyEtherwallet. We can got scam by visiting phishing site. Once you enter your details on phishing site, they will access your wallet and stole your coin.
To avoid phishing site, we can bookmark that orginal website and we should use 2FA for each site. Don't use same password your all wallet. So that we can avoid this kind of scam.

2) ICO scam:
Now a days it's very difficult to avoid scam ICO. ICO become now as smart scam. They are easily make us fool. To avoid ICO scam you should research strongly about their project. Any existing project there? How quality their whitepaper? How strong team? Team are existing or fake ? Check their social media profile. How strong their community and advertising strategy? Amount of total supply etc. Even we can't avoid ICO scam, but we can minimize.

3) Ponzi scheme:
Some of ICO or token offer various profit. Like lending and revenue sharing from their project. For me it's a silent scam. They scam slowly. For example : Bitconnect is one of them. I think better this kind of project.

4) Chose crypto exchange:
Many people got scam for exchange his coin. Specially from local exchange. Verify difficult to identify legit local exchange. So be careful and research when you use local exchange. In the other hand some international exchange make silent scam. For example: Yobit and hitbtc. They have many bad reputation on this forum too. You can use simply search button to find them here. You have to choice best exchange for trade. Example bittrex and polonix.

5) During trade:
It's the latest scam. We have no way to find out the sxmcammers. I called them big while. Because they can dump or pump any coin for a moment. Some time we can see suddenly dump or pump any coin. They have strong team. They start buy then trend become up. Once we start buy they simply sale their hold coin and market become down. Then we are worried and sale our coin even in loss.

6) Fake give away offer:
May be you will received spam mail or you can see any tweet or tweeter reply with give away offer from scammer. Actually they use a name from reputation company or exchange to make fool us. Avoid this kind of massage once you see. Don't click their any link.

HYIP schemes or websites giving returns that is too good to be true. You should mention about those airdrops too, they have known to be used for scamming in the past.

I will edit post if I found more new scam system.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
1711616844
Hero Member
*
Offline Offline

Posts: 1711616844

View Profile Personal Message (Offline)

Ignore
1711616844
Reply with quote  #2

1711616844
Report to moderator
1711616844
Hero Member
*
Offline Offline

Posts: 1711616844

View Profile Personal Message (Offline)

Ignore
1711616844
Reply with quote  #2

1711616844
Report to moderator
1711616844
Hero Member
*
Offline Offline

Posts: 1711616844

View Profile Personal Message (Offline)

Ignore
1711616844
Reply with quote  #2

1711616844
Report to moderator
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711616844
Hero Member
*
Offline Offline

Posts: 1711616844

View Profile Personal Message (Offline)

Ignore
1711616844
Reply with quote  #2

1711616844
Report to moderator
1711616844
Hero Member
*
Offline Offline

Posts: 1711616844

View Profile Personal Message (Offline)

Ignore
1711616844
Reply with quote  #2

1711616844
Report to moderator
1711616844
Hero Member
*
Offline Offline

Posts: 1711616844

View Profile Personal Message (Offline)

Ignore
1711616844
Reply with quote  #2

1711616844
Report to moderator
odolvlobo
Legendary
*
Online Online

Activity: 4270
Merit: 3159



View Profile
June 02, 2018, 05:22:59 PM
 #2

Also:

  • Pump/signal group: This is a classic pump-and-dump scam where the group members are the intended victims.
  • Fork recovery site: They say they will recover fork coins in your wallet (Bitcoin Cash, Bitcoin Gold, Bitcoin Private, etc.) but they really just steal your bitcoins.
  • Pay to withdraw earnings: If you must pay money to withdraw earnings from a gambling site, a faucet, an airdrop, or a bounty, you are being scammed.
  • Cloud mining: Nearly every cloud mining site is a scam. The few that are "legit" are money-losers.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
The Cryptovator (OP)
Legendary
*
Offline Offline

Activity: 2198
Merit: 2165


Need PR/CMC & CG? TG @The_Cryptovator


View Profile WWW
June 02, 2018, 06:14:44 PM
 #3

Also:

  • Pump/signal group: This is a classic pump-and-dump scam where the group members are the intended victims.
  • Fork recovery site: They say they will recover fork coins in your wallet (Bitcoin Cash, Bitcoin Gold, Bitcoin Private, etc.) but they really just steal your bitcoins.
  • Pay to withdraw earnings: If you must pay money to withdraw earnings from a gambling site, a faucet, an airdrop, or a bounty, you are being scammed.
  • Cloud mining: Nearly every cloud mining site is a scam. The few that are "legit" are money-losers.

You absolutely pointed right thing. It's always happening around us. Scammer are finding new way to scam us. We need to be careful about save our hard work money. Because scammers are very smart more then us.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
Dzeronimo
Full Member
***
Offline Offline

Activity: 588
Merit: 103


View Profile WWW
June 02, 2018, 07:33:02 PM
Last edit: June 03, 2018, 10:26:55 AM by Dzeronimo
 #4

All advices in this thread are very useful, but there is one problem - most people are greedy. When they see "good" offer, they forget everything and all they see is $ or BTC. So, my advice is - don't be greedy and you will have less chances to be scammed.
HaniBaloch
Newbie
*
Offline Offline

Activity: 135
Merit: 0


View Profile
June 03, 2018, 09:16:13 AM
 #5

great post, great information, and great advices for those who are new in this field and don't have enough knowledge about crypto...so my advice is to all before investing your mony any of project you should be very much careful and research very well about them for protecting your mony...good luck
cryptothief
Member
**
Offline Offline

Activity: 350
Merit: 41


View Profile WWW
June 22, 2018, 08:56:15 PM
 #6

Cryptocurrency is at the Wild West stage, and there are hackers/scammers/dodgy dudes all over the place trying to get their hands on your 'hard earned' money. Regulation, although not popular with many in the cryptosphere, should help combat this - although not eliminate it completely. Wherever there is big money to be made, the vultures will follow. It's not like any of these problems are exclusive to crypto, they exist in some form across the board. A saying that normally helps in the fiat world is 'If it sounds too good to be true, it probably is'. Problem with that when translated into crypto is that there is still plenty of genuine profit to be made, and if you avoided every project that promised the world, then you'd probably miss out on some huge profits. As mentioned above, do plenty of research, use cold wallets, keep your personal details to yourself and bottom line - don't get mugged.

BITSONG  ▌ THE FIRST DECENTRALIZED MUSIC STREAMING PLATFORM
▅ ▉ ▇ ▃ ▅   THE NEW MUSIC STREAMING ERA   ▅ ▃ ▇ ▉ ▅   PUBLIC SALE is LIVE
[ Telegram ➭ ChannelGroup ]   Whitepaper   Facebook   Twitter   Github   Medium   ANN
siagh357
Newbie
*
Offline Offline

Activity: 143
Merit: 0


View Profile
June 22, 2018, 11:05:46 PM
 #7

As a rule any thing that look so good to be true must be thoroughly investigated before giving away your cash into it. For instant a ponzi scheme that promises a huge percentage which is unrealistic must be frown upon. 
Welsh
Staff
Legendary
*
Offline Offline

Activity: 3248
Merit: 4110


View Profile
June 22, 2018, 11:11:24 PM
 #8

One of the major security risks that I see with ICOs, and altcoins is that they require downloading some sort of software for their project. For example, for an altcoin this might be mining software. This could potentially have malware, and Bitcoin/account stealing software in it. Yet, people are willing to download it because of the promise of free coins or the prospect of huge profits.

I would recommend that whenever downloading software from an altcoin you either only download open source software which can be verified or only run it in a virtual machine.
pugman
Legendary
*
Offline Offline

Activity: 2383
Merit: 1551


dogs are cute.


View Profile WWW
June 22, 2018, 11:39:16 PM
 #9

Pump and dumps aren't scams but they are unethical. I believe they are even illegal in some countries(?). Solid article, though.

You should probably add:

HYIP schemes or websites giving returns that is too good to be true. You should mention about those airdrops too, they have known to be used for scamming in the past.

SuiMikira
Member
**
Offline Offline

Activity: 364
Merit: 10


View Profile
September 08, 2018, 04:35:51 AM
 #10

Also:
  • Pay to withdraw earnings: If you must pay money to withdraw earnings from a gambling site, a faucet, an airdrop, or a bounty, you are being scammed.

This is popular mistake of most of newbie, especially with gambling, faucet, captcha and paid to click sites. Pay to enable withdraw is a typically scam type, never deal with it.
okala
Full Member
***
Offline Offline

Activity: 980
Merit: 114


View Profile
May 11, 2019, 05:15:23 PM
 #11

This is great information and all the objects that scammers can hack into your personal wallet and steal your coins, ICO have been a measure way scammers and through ponzi  and trade. We have to be very carful now because scammers and hacker are out with what ever means.
nakamura12
Hero Member
*****
Offline Offline

Activity: 2226
Merit: 669


Bitcoin Casino Est. 2013


View Profile
May 11, 2019, 08:13:03 PM
 #12

Also:
  • Pay to withdraw earnings: If you must pay money to withdraw earnings from a gambling site, a faucet, an airdrop, or a bounty, you are being scammed.

This is popular mistake of most of newbie, especially with gambling, faucet, captcha and paid to click sites. Pay to enable withdraw is a typically scam type, never deal with it.
That type of scam can happen in a gambling site where they give a coupon/promo code said you'll get $100 when used and ask you to deposit btc before you can withdraw. It also happen in a scam faucet where you feel happy and very lucky because you earn enough satoshi in their faucet but when you want to withdraw you'll need to deposit a minimum of $5 to receive your btc and more. Yes, it's true that it is the popular mistake that newbie experience. The question is, why does the site need you to deposit your money when the site said earn "FREE" btc per hour in faucet?, Free means you only get something without in return but in this case they ask you to deposit before you can withdraw the btc.

███▄▀██▄▄
░░▄████▄▀████ ▄▄▄
░░████▄▄▄▄░░█▀▀
███ ██████▄▄▀█▌
░▄░░███▀████
░▐█░░███░██▄▄
░░▄▀░████▄▄▄▀█
░█░▄███▀████ ▐█
▀▄▄███▀▄██▄
░░▄██▌░░██▀
░▐█▀████ ▀██
░░█▌██████ ▀▀██▄
░░▀███
▄▄██▀▄███
▄▄▄████▀▄████▄░░
▀▀█░░▄▄▄▄████░░
▐█▀▄▄█████████
████▀███░░▄░
▄▄██░███░░█▌░
█▀▄▄▄████░▀▄░░
█▌████▀███▄░█░
▄██▄▀███▄▄▀
▀██░░▐██▄░░
██▀████▀█▌░
▄██▀▀██████▐█░░
███▀░░
pooya87
Legendary
*
Offline Offline

Activity: 3402
Merit: 10433



View Profile
May 12, 2019, 03:47:38 AM
Merited by DdmrDdmr (1)
 #13

another new one that is growing at an alarming rate is "address cracking" meaning the attempt to find the private of an address. most of them are of course people who have not yet understood how cryptography works and how big a space they are in but there are cases where they have a code on GitHub that does that "search" but also has some backdoors and even malwares that does other things in the user's computer like searching for his bitcoin wallets and stealing them while the user foolishly runs the application hoping to find something that he is not going to find until the end of the universe.

..JAMBLER.io..Create Your Bitcoin Mixing
Business Now for   F R E E 
▄█████████████████████████████
█████████████████████████
████▀████████████████████
███▀█████▄█▀███▀▀▀██████
██▀█████▄█▄██████████████
██▄▄████▀▄▄▄▀▀▀▀▀▄▄██████
█████▄▄▄██████████▀▄████
█████▀▄█▄██████▀█▄█████
███████▀▄█▀█▄██▀█▄███████
█████████▄█▀▄█▀▄█████████
█████████████████████████
█████████████████████████
▀█████████████████████████████
█████████████████████████████████████████████████
.
      OUR      
PARTNERS

.
█████████████████████████████████████████████████
████▄
██
██
██
██
██
██
██
██
██
██
██
████▀
▄█████████████████████████████
████████▀▀█████▀▀████████
█████▀█████████████▀█████
████████████████████████
███████████████▄█████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████▀█████████
████████████████████████
█████▄█████████████▄█████
████████▄▄█████▄▄████████
▀█████████████████████████████
█████████████████████████████████████████████████
.
   INVEST   
BITCOIN

.
█████████████████████████████████████████████████
████▄
██
██
██
██
██
██
██
██
██
██
██
████▀
RapTarX
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 850



View Profile
May 12, 2019, 04:30:19 AM
 #14

Couple of days ago, I have seen 2 or 3 cases where victims claimed they sent BTC to their address but later they discovered the address was not the same as they copied and pasted.
It's a type of malware which changes copy/paste address and replace with the hackers address.

Example- Beware from the malware

Sharon121212
Full Member
***
Offline Offline

Activity: 280
Merit: 215



View Profile
May 12, 2019, 05:29:42 PM
 #15

I think email address hacking and scamming should also be looked out for. Since most that we are required to provide an email address for one thing or the other on line so you can never tell how district some of the host are with your details so being wary of potential email address fraudsters is also advisable
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!