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Topic: Crypto scams revealed (Read 962 times)

jr. member
Activity: 30
Merit: 2
August 12, 2020, 01:29:28 PM
#35
Scamming is everywhere, people fall into victim's of scamming due to lack of information and over consciousness in order to get what they want,
We need to be careful because know one knows who is actually a scammer.
Scamming has caused lack of trust in different societies,
We have to know the possible way to eradicate scamming in the societies because people are giving up their life because of shocks based on scamming.

Integrating anti scam will help reduce scammers from the whole environment.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
August 11, 2020, 03:13:55 AM
#34
***

Not just those although they're mostly the main reasons people get scammed. We also have other reason like, lack of determination or focus on their goals. The industry is full of distractions, and if you're not focused you might end up lossing all your invested capital talk less of gaining anything. There's only one project worth giving all your attention 100% and that's bitcoin. Not saying other projects can't give you profits but you shouldn't go chasing after them to make easy money as it'll most likely end up badly.

Informative can be easily access this days and you been on the forum is an extra advantage as if you keep your foot down you'll likely get all you need here, from advice to warning on likely scams to avoid.
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
August 11, 2020, 03:05:49 AM
#33
This is a good introduction to the newbies because right now still there are some people who are getting victims with these untrusted platforms and one of the best things is to enlighten them what are the definitions and what are the possible attempts do by the scammers also one of the misconceptions. This kind of information is very informative it gives an additional knowledge to the lower ranks instead to the higher ranks sometimes we think we already know a lot of things but this is just a piece of wrong information also we want to have a piece of good knowledge still some of the mistakes is coming from getting greedy of the person to make more additional earning, in my opinion, this is not bad to become greedy but the bad side is you will risk a more higher chance of earning and losing.

We can experience different scams so this is not limited right here also it's better to add some information that came from the different members it's good to make a compilation right here.

Scamming is everywhere, people fall into victim's of scamming due to lack of information and over consciousness in order to get what they want,
We need to be careful because know one knows who is actually a scammer.
Scamming has caused lack of trust in different societies,
We have to know the possible way to eradicate scamming in the societies because people are giving up their life because of shocks based on scamming.

Even we are trying to aware those people if their ego wants to make more earning we cannot stop them to do those things still we don't need to regret if they got scam because at the end of the day we gave that knowledge and information do they need to prevent losing their funds but still keep spreading the scam platforms.
member
Activity: 1120
Merit: 68
August 10, 2020, 11:53:01 PM
#32
Scamming is everywhere, people fall into victim's of scamming due to lack of information and over consciousness in order to get what they want,
We need to be careful because know one knows who is actually a scammer.
Scamming has caused lack of trust in different societies,
We have to know the possible way to eradicate scamming in the societies because people are giving up their life because of shocks based on scamming.
Lack of information or idea are also the main reason they fall into this scam activities. But the real reason why they get scammed is their greed that, even they know it is too good to be true and they still fall for it. It is why we should learn how to control ourselves without being aggressive when it comes to earning money because there is no such thing is easy money that we should work hard just to earn money.
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
August 10, 2020, 06:11:16 AM
#31
Scamming is everywhere, people fall into victim's of scamming due to lack of information and over consciousness in order to get what they want,
We need to be careful because know one knows who is actually a scammer.
Scamming has caused lack of trust in different societies,
We have to know the possible way to eradicate scamming in the societies because people are giving up their life because of shocks based on scamming.
sr. member
Activity: 588
Merit: 255
August 08, 2020, 03:05:51 AM
#30
I often see point number 9. projects with a good coin value are very tempting, especially for beginners to invest. need knowledge to be able to distinguish which projects are P&D and actual projects.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
August 07, 2020, 05:01:34 AM
#29
Please refer to this topic https://bitcointalksearch.org/topic/scam-hoopergrouptech-fraud-recovery-website-5264627
In summary, he was scammed twice. First was when he sent bitcoins to a ponzi scheme and second was when he paid a bitcoin recovery scam service in an attempt to get back his bitcoins from the ponzi.

The story may sound ridiculous but it happens to many beginners. Some newbies still fall for different types of scams like fake giveaways and bitcoin doublers. Another example is the recent hack on twitter, the scammers used the accounts of famous people to fool followers. If not for Coinbase, 1,000 more users would have fallen victim. They stopped the $280,000 worth of btc transactions from being deposited into the scammer's account.

Quote
Coinbase says it prevented just over 1,000 customers from sending around $280,000 worth of bitcoin during last Wednesday’s attack. Roughly 14 Coinbase users sent around $3,000 worth of bitcoin to the scam’s bitcoin address before the company moved to blacklist it, the company said.
- https://www.theverge.com/2020/7/20/21331499/coinbase-twitter-hack-elon-musk-bill-gates-joe-biden-bitcoin-scam

If you or someone else you know fell victim to these scams, please be informed that the btc sent to scammers are most likely unrecoverable. If you ever encounter a site that says they'll get it back for you at a fee, do not fall for it because they are also scams. Bitcoin transactions cannot be reversed and the only possible way I know to recover the funds is if the scammer themselves are careless in sending btc to centralized exchanges or services without obfuscating the transaction.


This has been a scam, truly another type of scam I have to include to the list. If a person for being novice is scammed and scammed again through these recovery services, it will not make any sense and it is considered double losses.
 
newbie
Activity: 106
Merit: 0
May 01, 2020, 04:07:43 AM
#28
Used to buy many shitcoins from scam ICOs back in past. Never returned me a penny :<
member
Activity: 672
Merit: 29
April 30, 2020, 07:39:54 AM
#27
A quality report on scams been paraded on the crypto ecosystem. it is quite clear that some users here has no intention to make the platform a valuable place rather for their own intention. the post made here is for users that are interested in learning how the cryptocurrency platform works. people should avoid gambling sites that involves crypto. it is the new scam in crypto.

Irrespective of the where the scammers are from, if you have a clear knowledge about scam, you will not be scammed. Follow the rules above and do not trust anybody but you alone.
Gone are the days when people get scammed easily. Nowadays, people are now wise in investing in any given project. In as much you don't have greed within you, to invest more than what you bargained for, even though you get scammed finally, you won't get hurting that much
full member
Activity: 406
Merit: 109
April 14, 2020, 08:47:45 AM
#26
6. Avoiding too real to be true offers
There are some offers that are very attractive, before you accept any offer, be patient and make thorough investigation about it. Like I said above that cloud mining are now mostly scam but there are still legit ones but not really profitable. If you make your research about cloud mining then you will noticed this and use it to judge if an offer is a scam or not.
Offers can be deceiving, it's the type of scam that take advantage of a person's greed. It lure people with offers that seems impossible like earning huge money without so much effort. So if you tend to believe on easy money, then there's a chance that you will get tricked by it. Thus, people should do further research to check if it's a real special offer and confirm that it's not a fraud. People are obliged to research for their own sake to be alert of scam because scammers used different methods to attract attention.
member
Activity: 518
Merit: 45
April 14, 2020, 05:47:53 AM
#25
There are still many ways to scam but all are included here on this thread, nice one. The very one I was scammed with was when I bought a shit coin that made me lose 90% of the initial capital. This type of shit coins are common on exchanges that are not well regulated.
newbie
Activity: 1
Merit: 0
April 03, 2020, 03:23:36 PM
#24
Here i nowadays phishing emails are becoming more dangerous and need to wake up for all of us. Always be careful and do not open unknown mail to avoid any inconvenience.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
April 01, 2020, 03:47:44 AM
#23
A quality report on scams been paraded on the crypto ecosystem. it is quite clear that some users here has no intention to make the platform a valuable place rather for their own intention. the post made here is for users that are interested in learning how the cryptocurrency platform works. people should avoid gambling sites that involves crypto. it is the new scam in crypto.

Irrespective of the where the scammers are from, if you have a clear knowledge about scam, you will not be scammed. Follow the rules above and do not trust anybody but you alone.
legendary
Activity: 2268
Merit: 18711
March 19, 2020, 06:33:08 AM
#22
Hardware wallet is not panacea, it still require proper using.
Absolutely, but the same can be said of any wallet or any security set up. This is no way to store your bitcoin which is entirely immune to user error or stupidity.

While I agree with you that passphrase+seed phrase combination strengthens security in case of hacker's attack, I can't agree this method is able to protect from any wrench attacks.
It is more or less the only method that can offer at least some protection from a $5 wrench attack. Any wallet protected by login details, a password, PIN, finger print, etc., any seed which has been hidden or split in to multiple parts, any seed which has been encrypted, and so on, all have a single piece of information required to access them - the password, the location, the encryption key, etc. Only by using a passphrase (and keeping the addresses behind it secret) can you have any form of plausible deniability. An attacker who finds your wallet can $5 wrench you until you reveal the password/PIN, but has no way of knowing that you have more coins hidden behind an additional passphrase.
legendary
Activity: 2450
Merit: 4415
🔐BitcoinMessage.Tools🔑
March 19, 2020, 12:51:07 AM
#21
~
None of these things are a flaw in hardware wallets. If you type your seed in to a random website, then you are going to lose your coins regardless of what wallet you are using. Good hardware wallets such as Ledger devices have some of the highest resistance to physical attacks of any wallet. Hardware wallets are also great to use with a couple of different passphrases, which provides the best possible protection against a $5 wrench attack.

It isn't actually matter of wallet. That is just an example. The main thing is if you're using a secure, reliable system such as hardware wallet or any other decent wallet in an unsecure way, you will lose everything. Hardware wallet is not panacea, it still require proper using.

While I agree with you that passphrase+seed phrase combination strengthens security in case of hacker's attack, I can't agree this method is able to protect from any wrench attacks. I have a hunch, the size of the wrench will be a more important factor than the size of the secret password.
member
Activity: 882
Merit: 17
March 18, 2020, 07:35:04 AM
#20
A quality report on scams been paraded on the crypto ecosystem. it is quite clear that some users here has no intention to make the platform a valuable place rather for their own intention. the post made here is for users that are interested in learning how the cryptocurrency platform works. people should avoid gambling sites that involves crypto. it is the new scam in crypto.
legendary
Activity: 2268
Merit: 18711
March 18, 2020, 06:30:26 AM
#19
There are those developers which insert malware through their built-in update components so Play Store might not be able to detect until the next scan.
This is true, but the issue here is that many people trust Google unequivocally, and assume if it is on the Play Store or available as a Chrome extension then it has somehow been vetted and approved, when in reality it has been no such thing, and could contain any amount of malware.

-snip-
None of these things are a flaw in hardware wallets. If you type your seed in to a random website, then you are going to lose your coins regardless of what wallet you are using. Good hardware wallets such as Ledger devices have some of the highest resistance to physical attacks of any wallet. Hardware wallets are also great to use with a couple of different passphrases, which provides the best possible protection against a $5 wrench attack.
legendary
Activity: 2450
Merit: 4415
🔐BitcoinMessage.Tools🔑
March 18, 2020, 05:20:40 AM
#18
If you do not recommend that the number of scams is increasing in crypto now a hardware wallet is best to avoid scams. Hardware wallets are all good its personal key is never hacked. It has the ability to protect hackers from being kept securely in the hardware wallet.
You still have to be careful when using hardware wallets, because as we all know there is a lot phishing websites that pretend to be official ones. And if you give them your seed phrase in order, for example, to "update" your hardware, you will certainly lose everything. Also, hardware wallets have low resistance to physical attacks, when hacker managed to access your wallet not through digital world, but real one. Additionaly, he is able to scam you using well-known "5$ wrench attack", so it is better to never tell anyone that you possess any hardware wallet and even bitcoin.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
March 18, 2020, 05:00:08 AM
#17
Well wrote OP. Although all points has been discussed on forum but nothing wrong to remind again and again. Because as a human we forget some important things always. Crypto become a great opportunity for scammer to scam anonymously. So we need improve ourselves to prevent scammers. When we will know some basic things about crypto and earning then we may reduce more scammers. I believe ICO scams already reduced more than before. I think more than 97 percent is scam or unsuccessfull. Very rarely 3% raised their hard cap and listed some good exchange. But fortunately that projects also losing value after few days although we won't call them scammers. However, prevent is better than cure, so let's hope at least prevent scammers from forum.
hero member
Activity: 2128
Merit: 532
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March 18, 2020, 04:37:58 AM
#16

Searching is google is not safe anymore, they will give us some fake ads so number 2. is very important. In google play store also they allow some fake apps to be uploaded on their platform so better check the official site for the official android app.



It's not that Google allows, they can't keep up with tens to hundred thousands of those apps being released. There are those developers which insert malware through their built-in update components so Play Store might not be able to detect until the next scan.
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