Topic: Bitcoin User Loses Record $1.1M - page 3. (Read 543 times)

Did anyone claimed he was the victim of this scam? No if I'm right. It is also possible that scammer themselves sent the BTC tx so that other people may get interested to deposit bitcoin on their address. Otherwise, who the fuck with owning such huge amount would be dumb?

Those that use Bitcoin aren't elitists, it doesn't mean that you have a higher intelligence than someone who uses fiat, and it definitely doesn't require higher intelligence. I personally want to see as many people adopting Bitcoin as possible, and I believe Bitcoin is a little bit too complex if anything. We should be striving to simplify Bitcoin as much as possible without sacrificing security, so that anyone, and everyone can use it without actually having in depth knowledge on it.

Obviously, security is a big concern especially when your in charge of your own wealth. Banks take care of this with fiat, but I suspect this will also be a thing that happens with Bitcoin or at least some sort of movement where people who aren't comfortable being solely responsible for their Bitcoin will be able to use. Using banks would obviously diminish one of the best features of Bitcoin i.e the freedom it allows. However, banks with Bitcoin don't make a whole lot of sense, at least them controlling it, but I can see a sort of multi sign system setup between them to assure no unauthorised spending or access.

Other than over coming the complexity issue, and the potential security compromises simplifying the technology could have, Bitcoin doesn't require any specialist knowledge to use. It only really requires knowledge, and due diligence to secure it correctly. However, note I use the term "knowledge" instead of intelligence, because anyone can gain the knowledge, as it doesn't require a high intelligence to learn, only time, and effort.

Yes, I was thinking this could've been what happened too and mightve even been likely. Someone who posted above you also said they expected someone with $1m to not be naive, a scammer could've relied on this too.


Sometimes I forget just how valuable bitcoin has become from when it started though. Not that I'd send money to a doubler but just the denomination and a few other things can throw people off. Hopefully it wasn't all the btc they had too.

Regardless of Bitcoin, who believes that any money can be multiplied easily and without conditions, pay this and you will get that tomorrow.
Even the most greedy will be skeptical, and if he does a Google search, he will find that such claims are inaccurate.
I think it's fake news from news sites to get free views.

Unfortunately, why is that amount of bitcoin still owned by stupid people? LOL
I think there have been many warnings of bitcoin doubler scams on behalf of famous people on social media. An important lesson that before filling the address with a lot of bitcoin, we should fill the brain with knowledge about security, risk and vigilance.


Of course it will always work, cryptocurrencies these days have made a lot of idiots rich from memes, nft and more to come.

Just from the title of the scam done, it sounds like those which were running on youtube from Musk, Woz, CZ and so on.
You see where I am going with this;
All crypto influencers in one way or another who can have their name used in these schemes. If it were, then youtube are responsible as much as Saylor is because they are still allowing these scamjobs to proceed on their platform even after announcing they were assigning an algorithm.

Anyways, here is an interesting article while searching for more information before running into the reddit thread on the above subject:
https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy

reddit: https://www.reddit.com/r/CryptoCurrency/comments/s5zpim/btc_worth_11_million_sent_to_a_confirmed_michael

When I was just beginning my crypto journey, I too fall for this kind of bitcoin doubler. I'm sure majority of you here remember back in the days wherein there's a lot of websites who offer this kind of doubler.

So the inexperienced in me that time made me think that I can double my bitcoin that easy. And then it dawn on me that it was a scam but it was too late as I have sent my BTC already.

That was just a few satoshis, but the feeling though. So imagine what going on with that man mind right now falling for this scam, damn, it's hard.

Man this is rough. I recently lost quite a bit of cryptocurrency, although not by a scam, but this makes me feel a lot less worse about what I lost, nothing near this. It unfortunately amazes me that so many people are losing money to scams like these.  I also wish that social media sites would do a better job about policing these sites. If you log on to any of them you’ll easily see all the scams that run rampant.

I would have never thought someone that rich could be that naive. But then again, I guess that person must have probably inherited all his money, instead of actually working for it. That might explain it.

I mean he did not even check with a video meeting with the CEO or anything? The only strategy you need with Bitcoin is HODL. Thats it.

Is there a way to track the scammers down at this point? A million dollars could be worth the effort if you set a bounty of 100-200k on the scammers.

I guess there are still some investors who are still very noob as far as the crypto games is concern.

I mean this is not the first time that we have seen scammers trying to pose someone famous and influential in crypto world and we have warned them many times. And yet, this method is very effective because people are still failing for it.

This is a classic bitcoin doubler which has been plowing in the space since I joined crypto 5 years ago and still effective up to today.

Even though we've seen many people teaching anything about investing, even though we have lots of information on Google regarding these scams, even though we've seen people getting fooled by these scammers, there will always be investors who will fall into these kind of traps and there is nothing we can do to them.

Well, investors will not learn if they will not experience it in real life. Investors will not realize until they themselves are in the spot. Ignorance really is very expensive that in this case it causes 26 BTC . I don't know TBH what I'm feeling right now. Its kinda frustrating that we see an investor that has huge BTC but falling into this kind of typical shitty scam but at the same time, its a little bit funny that the investors is holding that huge amount but he is ignorant to the point that he is falling to scams like this.

Hope the investor learned from this. The word double itself is already a red flag at least for me.

"Promise to double the capital". These words alone in my eyes, I have the "I knew it" mindset already.

I don't know why that person with 26 BTC fell for it so easily without having second thoughts? Looks like that scammer has some great eye-catchy skills in creating headlines of the giveaway. He should have manually verify it first to the real MicroStrategy if he really is the one doing the giveaway or not. Oh well, a hard lesson to learn.

The crypto market is infested with scammers. But there is one prominent common reason for every victim to such scams - Greed! It is either get double or unrealistic return or it could be anything that promises to make you richer. Unless someone is unable to control their greed, there's no way out!

I am surprised to see that a millionaire is stupid enough to fall for such scam attempts! They are usually those people with higher iq. But that wasn't the case here, clearly!

From here we can take a big lesson because people like these criminals will always make sense to carry out their tricks.
On the other hand, it turns out that there are still a lot of people who are innocent and easy to believe in things like this even though it is about their finances.
things like this will not happen when the person who was tricked is not too reckless in making decisions.
It's a shame that something like this could happen.
I hope something like this doesn't happen again and people start to realize their actions so they won't be too careless in making decisions like this

Another lesson worth 1 million dollars. Everyone take note of this. 

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How could a million dollar holder could be so ignorant to do this? Dam even if I want to send 20 bucks over p2p transaction I will freaking check the end user 2-3 times and if I’m not sure about the transaction I will literally cancel it.

And here you go, in the parallel universe someone is so confident about their trades that they are throwing away one million just like that. Must be rich man with golden heart I would say.

What’s done is done but I’m still shocked, a millionaire being so ignorant.

I can’t just digest that.

It's not just about being secured with your coins, and it's with the fact that you should know the possible scams you could encounter in this world. I mean, imagine being able just to shell out 26 BTC to double it. It's a lot, and that's going to be only possible for those already who have a lot. I think the lack of knowledge motivates them to keep on hacking because it still works. It's just sad that they have done it that way.

People who don't know how to securely keep their coins don't deserve them especially those who are reluctant and bounded by greed to double their coins by sending them to someone renowned.Maybe i am too blunt but seriously you would send 26 btc straight away if someone says i will double it? This is the purest form of scam like why would Saylor even attempt this thing? There are so many suspicious sentiments that arises at our end but nothing happened to these victims at all.

This is not new but the only thing which is addition to this scam is the involvement of amount which is huge as $1.1M is lot of funds to be scammed.At this time it's around that much but he could have doubled it soon by holding.

These types of doublers scam has been around the corner for quite a long time and the the best is the scammers portray themselves as some renowned personality and promise to double the coin which these known one's seems to support and then have fake address and hack the social media accounts for some time.They are lucky that get victims like this one was happened in the past :


Elon Musk double doge scam

But still they will find victims because people are fool enough to trust them derived by greed but they need to have proper check beforehand.There are lot of guiding threads on how to check project is scam how to avoid them and all that but still we see same things each time.

This is also the idea I have about cases like these.I find it difficult to believe that someone who had up to $1.14 million is not financially exposed enough to detect fake giveaway and fall for a pay 2 get 4 scam. Anyone who uses the internet regularly should have come across such scam attempt.

It is very possible the scammers are sending bitcoins between themselves and doubling the returning amount.

It is a very old scam trick. Send a deposit, go first with it. Then you will get double in return. Is it too good to be true offer? Is it what we can actually have in life?

It's a bad lost story and I am sorry for that whale but somewhat deserved to be scam because of naive and laziness or ignorance on all scam alerts or guides to avoid scams.

Scammers on Youtube. Don't fall into this scam trap and lose money, guys
Youtube scam channels. Please spend your time to report them and take them down

Correct. Scammers can make fake transactions to convince others that their giveaway is real.

How can we know that that transaction wasn't made by the scammers themselves in order to create a fake perception that other people are sending money to them? This is one thing that gets rarely discussed with these scams, as everyone assumes that all the incoming transactions to doubler addresses come from victims.