I pity the victims here. They never learn from the experience of others telling that never join ponzi or cloud mining investment schemes.
How many times did we ever warned them about it? but only few listened.
Topic: Another Bitcoin scampany got rekt! - page 2. (Read 513 times)
The domain website is still up even tought they got arrested.
Do not know if that information is really legitm or just a fuzz to shut it down anymore.
But if that is really a possibility and a happening i am glad for other scam pronzi company to become shutdown.
As there will be more people getting alerted on such type of scams as well as for the judicial departments.
Do not know if that information is really legitm or just a fuzz to shut it down anymore.
But if that is really a possibility and a happening i am glad for other scam pronzi company to become shutdown.
As there will be more people getting alerted on such type of scams as well as for the judicial departments.
These ponzi projects hit investors' FOMO mentality. Many people have a lot of money but no knowledge of cryptocurrencies, they can easily trust a project when introduced by friends or relatives.
The fraudulent ponzi projects only need to pay for a few people, and then these people will spread the word about the project in their community.
Phishing never disappears in life in general and in the cryptocurrency market in particular, so people should be cautious before making investment decisions.
The fraudulent ponzi projects only need to pay for a few people, and then these people will spread the word about the project in their community.
Phishing never disappears in life in general and in the cryptocurrency market in particular, so people should be cautious before making investment decisions.
Joining Bitcoin mining pools: how much I hated this method of scamming.
Funny enough they don't call it ponzi scheme but mining pools. If people that joined it where not blind enough, they should have seen that they pay old members with the money that new members bring in. There is no mining equipment in any where doing those work. It's always a scam.
I hope those that was scammed learnt their lesson, and help spread the word.
Funny enough they don't call it ponzi scheme but mining pools. If people that joined it where not blind enough, they should have seen that they pay old members with the money that new members bring in. There is no mining equipment in any where doing those work. It's always a scam.
I hope those that was scammed learnt their lesson, and help spread the word.
This is not first ponzi scam in crypto world there are so many ponzi projects are still active and more will come in the future also we can't stop but we can avoid that ponzi projects with our knowledge before going to invest and I know that the pain if we lose our hard money in ponzi scam because when I lose my first investment in ponzi.
Really you are lucky man not invest in that ponzi scam 😀😀😀😀
Really you are lucky man not invest in that ponzi scam 😀😀😀😀
The problem with crypto ponzi scheme is that there is a higher chance in getting away, we have seen at least 4-5 multi million ponzi schemes this year from different countries and these things are getting crazy every year. If you see something on investing and making referrals then it is definitely a ponzi scheme in the making. Never invest in such things.
seems like there are more active movement against this scammers huh?this thread from Africa is contributing good deeds to help victims and to stop scamming in crypto world in their continent
https://bitcointalksearch.org/topic/uganda-police-arrest-leader-of-27-million-crypto-scam-5208657
i wish to see many of this kind in following days because scamming is very alarming and victims are losing their hard earned money just because they trust others to have even small profits.
https://bitcointalksearch.org/topic/uganda-police-arrest-leader-of-27-million-crypto-scam-5208657
i wish to see many of this kind in following days because scamming is very alarming and victims are losing their hard earned money just because they trust others to have even small profits.
Ponzi scheme has been around since before, it's just a good thing that the US Government is taking actions on things like this. They're arresting ponzi. It's good for cryptocurrency users, the government is preventing them to scam more people. Though it's a pity for those who already got scammed... At least they were able to get arrested. We can't really stop people like this, unless they got busted. That's why should also learn to avoid and not to fall with schemes.
I can't believe that on this year that most of ponzi scheme was already exposed, There is still many people that falling for that scheme and that whoooping 722M$ is an insane
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
Don't be surprised, people will always be stupid when it comes to money because we aren't taught how to handle it properly in our school days. We really can't blame them though. They've probably met them in person to make it more believable. Most of the investors are probably new too.
damn I think after a few years ago lost and not heard again in this forum about Ponzi, but?
I think those who are lazy and do not have the expertise in growing money will be easily trapped by the Ponzi scheme because for them it looks easy to grow money just by placing it there.
Matthew Goettsche, Jobadiah Weeks, and Joseph Abel have all been charged with fraud by US District Court prosecutors regarding their cryptocurrency company, BitClub Network. The three men allegedly used the company as a Ponzi scheme to defraud investors of $722 million.
The company purported to run a Bitcoin mining pool, taking funds from investors for ‘shares’ in the mining profits. Investors’ funds were to be used to purchase mining hardware. Returns to investors were to be based on customary miner rewards and transaction fees earned.
Source link here
Well, well, well. Down goes another ponzi scam!
I remembered last year that someone sent me a message that I should join the Bitclub network. I refused.
He really insisted me that time to join because he was "paid" as promised. He wanted to help me change my life.
Yeah, but deep inside, he wanted me to get "victimized" in another Bitcoin scampany!
Why would I need to join a ponzi like that? Now that these filthy founders got charged for running a Bitcoin ponzi scam, I guess that the guy who sent me a message back then is now "crying" because of his lost money in that scampany.
I just feel sorry for those who have fell for that Bitcoin scampany back then. Lesson learned for you guys.
When will people realize that all the cloud mining pools are nothing but scam. When they don't seem to get the desired results they just flee away with the investor's money. We have seen enough examples of such things. But I liked that new acronym "Scampany" lol. This should be used for any ponzi promoting company. Moreover the way these networks persuade people to join them makes them even more dubious. The company purported to run a Bitcoin mining pool, taking funds from investors for ‘shares’ in the mining profits. Investors’ funds were to be used to purchase mining hardware. Returns to investors were to be based on customary miner rewards and transaction fees earned.
Source link here
Well, well, well. Down goes another ponzi scam!
I remembered last year that someone sent me a message that I should join the Bitclub network. I refused.
He really insisted me that time to join because he was "paid" as promised. He wanted to help me change my life.
Yeah, but deep inside, he wanted me to get "victimized" in another Bitcoin scampany!
Why would I need to join a ponzi like that? Now that these filthy founders got charged for running a Bitcoin ponzi scam, I guess that the guy who sent me a message back then is now "crying" because of his lost money in that scampany.
I just feel sorry for those who have fell for that Bitcoin scampany back then. Lesson learned for you guys.
There had been a lot of mining ponzi scheme and still a lot of people are getting scammed through thia scheme. I hope people will learn how to do their research before investing in any means. If it too good to be true, have a doubt if it is legitimate. I hope more and more of this scam investment aite or company will close down.
I can't believe that on this year that most of ponzi scheme was already exposed, There is still many people that falling for that scheme and that whoooping 722M$ is an insane
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
Don't be surprised, people will always be stupid when it comes to money because we aren't taught how to handle it properly in our school days. We really can't blame them though. They've probably met them in person to make it more believable. Most of the investors are probably new too.
That's why we need more strategies and practice for more safety handling of money. Money is very valuable and important. Most of the people are dying just to have money. It is so powerful that it can control someone's action and personality.
So those scammers are doing bad thing just to earn money.
Nothing is impossible with those people, imagine 722M is a huge amount of money. Probably they are so excited of the outcome so they trust easily.
Excitement can also be the cause of loss, so be patient and learn more about money.
BitConnect, now bitclub network, why does it all start with the word Bit is a ponzi scheme site, I'm sure about the bitclub network I happen to be friends with someone in Asia, he offers me about the mining business on the bitclub network but I'm not sure about their mining system and the advantage here, finally I decided to block my friendship, as far as I know their base in Asia is very large, hoping that there are no more ponzi schemes that use bitcoin, usually they always make fun of bitcoin without business ponzi schemes bitcoin prices do not go up, so words say stupid people talk
I can't believe that on this year that most of ponzi scheme was already exposed, There is still many people that falling for that scheme and that whoooping 722M$ is an insane
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
I think that is the result of greed. We often look at huge profits and forget the consequences that we will suffer. In fact, profits always come with risks, if we are not alert, we will be pull into the scams as above. It's crazy when I see the sum of $ 722 million. The crooks really succeed until they are caught. Fortunately, they were discovered, we should consider it as a lesson.
I can't believe that on this year that most of ponzi scheme was already exposed, There is still many people that falling for that scheme and that whoooping 722M$ is an insane
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
Evil people are always there to exploit the situation or play with the emotions of the people. Since they are many people in the crypto world who are looking to invest their bitcoins somewhere, scams like these are easy to plan and implement. Also, these are only scams which are bought in public, there are many more scams which are going on individual level and we never know about them.
Yeah, but deep inside, he wanted me to get "victimized" in another Bitcoin scampany! Why would I need to join a ponzi like that? Now that these filthy founders got charged for running a Bitcoin ponzi scam, I guess that the guy who sent me a message back then is now "crying" because of his lost money in that scampany. I just feel sorry for those who have fell for that Bitcoin scampany back then. Lesson learned for you guys.
There are so many people who are so willing to sacrifice their own credibility for the sake of getting referral commissions and in my view big promoters of a scam should be getting their own fair share of some punishment. This is not the first that a popular ponzi scheme has been busted but people are not actually learning the big lessons of the past, and so we should be expecting that another creative pyramiding program will soon taking over the market left by those who are already dead. No wonder many people equal cryptocurrency with scams, and we could not blame them for that mindset and labeling because there are really many scam artists exploiting this fledgling industry.
I can't believe that on this year that most of ponzi scheme was already exposed, There is still many people that falling for that scheme and that whoooping 722M$ is an insane
amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
Actually spme of them knows that what they are joining is a scam. They will just take advantage of the site while it is still paying, they will invite more new members some who also knew that it is a scam and some are just newbies. So bottom line, they allowed it to happen to themselves. The clue that its a scam is all over the place. No need to be a rocket scientist. amount. I'm too lazy to read the article but it's hard to believe that they still collected 722M for a cloud mining investment compared on many legit ICO run during 2018 to 2019.
What's really happening in crypto world?
I don't know why people still get scammed and putting hard-earned money towards those kinds of things. They didn't even do their own research with that. I think almost everyone who has experienced something positive with regards to profiting or investing, they automatically think it's legit already, but the truth is, it's just a Ponzi scheme.
Because sucker are born every minute in crypto sphere. They thought that crypto is a easy way to get rich, so they invest their harded earn money.
Obviously, US is clamping down on this Ponzi scheme, fake and scammy ICO's, it's good to see them doing this, but it will take a lot of time to really busted those criminals because they can really hide their guise and before everyone notice something fishy, they're gone. At least in this case, there are names and people behind can be prosecuted.
looks like only US government is in the act of moving against this scammers?if US can do this why not the whole world can't?
I don't know why this seems to be the case, but I'm glad this scam got busted. This was a sort of cloud mining scheme, wasn't it? This is exactly what I think happens when I hear about how shady cloud mining is--you pay money for supposed hashing power, but there's no mining going on, and the company pays you out of new investors' money (if you even get paid at all).US prosecutors and laws tend to be tough when it comes to scams. As to why we haven't seen a lot more of this, it's probably because crypto scams go under-reported for whatever reason. And I bet part of that is because people don't want law enforcement to know that they're into bitcoin. We all know how much of a bad rap it gets.
Is it close to these on the links? I remember meeting someone that was scammed by something called Airbit Club.
https://bitcointalk.org/index.php?topic=3351894.20
https://bitcointalksearch.org/topic/airbit-club-is-it-reliable-2135986
I don't know why people still get scammed and putting hard-earned money towards those kinds of things. They didn't even do their own research with that. I think almost everyone who has experienced something positive with regards to profiting or investing, they automatically think it's legit already, but the truth is, it's just a Ponzi scheme.
It's good that you didn't get scammed, OP. I hope no one would continue to be scammed to these kinds of tactics.
https://bitcointalk.org/index.php?topic=3351894.20
https://bitcointalksearch.org/topic/airbit-club-is-it-reliable-2135986
I don't know why people still get scammed and putting hard-earned money towards those kinds of things. They didn't even do their own research with that. I think almost everyone who has experienced something positive with regards to profiting or investing, they automatically think it's legit already, but the truth is, it's just a Ponzi scheme.
It's good that you didn't get scammed, OP. I hope no one would continue to be scammed to these kinds of tactics.
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