Cryptocurrency fraud and scams - page 2.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: ufaiz50 on July 31, 2020, 07:02:56 AM

It's very rare to talk about the types of scam before what happens to hacked Twitter accounts.

The publicity from social medias really affects the entire industry inside crypto after that hacked from twitter.

Quote from: ufaiz50 on July 31, 2020, 07:02:56 AM

The crypto industry which is known to be safe in its technology, makes fraudsters usually target their users and this is where users have to be very careful when they do business through the cryptocurrency industry.

Hackers don't choose they always targeted where money is residing, the only safe haven to anyone is to be alarmed and
have good securities for their assets and identities.

Quote from: ufaiz50 on July 31, 2020, 07:02:56 AM

Because there are still a lot of victims even though by means of fraud that is old school, this happens because users are not so alert and easily trust others. Even though the crypto industry is anonymous.

Old school once bieing collaborated with new styles of hacking it's still being patronized by those who did not find time to
do good research before participating.

minersday

hero member

Activity: 1484

Merit: 535

Quote from: Emmychris on July 24, 2020, 06:36:45 PM

In this present world today the rate of scammers has increased so high, and each day there come up with a new method in which there could use to scam people, so to avoid being scam we have to be wise and cautious, we need to know that nothing good comes easily, and anything which is too good to be real is scam, let's all try to always get updated because scammers always try any method there could come in contact with.

Scams and frauds will always exist in this world we find ourselves. Its very sad that people just invest into projects or ICO without analyzing or getting an opinion from another person before putting their money into projects. If you are a careless person in this crypto space, you are more vulnerable of getting scammed. Also, if you are a greedy person, you will definitely gonna get scammed.

PeripoGrey

newbie

Activity: 5

Merit: 0

Building a simple domain leads to major attacks. As the user enter the site, his data will be log to the system and can be use by the web owner to infiltrate the emails associated to bank or wallet accounts. As it may seem legit at first, most website store data on plain text, allowing them to easily see the credentials. If someone has use this password for other his other accounts, then he might get infiltrated. Cryptos are made for anonymous transactions but that doesn't mean, they can't be traced. A PayPal transaction is already a rich way to track someone. A browser's user agent, ip, navigator, and specially timestamps had help the authorities to detect fraudulent activities. Doubler are the same method except all the deposited money will be redirected to the owner which is bad.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: Shasha80 on June 20, 2020, 06:50:55 PM

Cryptocurrency is always associated with fraud, because a lot of fraud occurs by people who are not responsible in the world of
cryptocurrency. Especially ICO projects are almost 95% scams, it can also be done by small exchanges owners by making fake
volumes for attract investors to buy shitcoins. There are so many deceptive practices in the cryptocurrency world, so be careful
when trading or investment. Do research and analysis before making a decision.

Criminals will always look for any avenue that have loop-holes to perpetuate their dastardly and fraudulent act unfortunately cryptocuencies was being used as the tool in defrauding investors of their hard earn money you said it all here a thorough research is the way forward in avoiding and not falling to all the pranks especially the ever increasing ICOs that receives huge funds from investors and escape into thin air unfortunately cryptocurrencies is decentralized and non regulated that is why scammers always go away scot-free.

ufaiz50

hero member

Activity: 1666

Merit: 502

It's very rare to talk about the types of scam before what happens to hacked Twitter accounts. The crypto industry which is known to be safe in its technology, makes fraudsters usually target their users and this is where users have to be very careful when they do business through the cryptocurrency industry. Because there are still a lot of victims even though by means of fraud that is old school, this happens because users are not so alert and easily trust others. Even though the crypto industry is anonymous.

mandor

sr. member

Activity: 1638

Merit: 260

Trphy.io

Quote from: Emmychris on July 07, 2020, 07:58:42 PM

In the world today, scammers are everywhere and there are so many of them in crypto, the best way avoid scammers is to be wise and cautious, anything too good to be real is a scam run from it, and we should always get updated because scammers use every method there lay thier hands on .

scammers are the people that are most feared by investors in cryptocurrency and scammers indeed will always be there because they have a variety of ways for deceive the victims it. now many beginners join in crypto world and scammers take advantage of that to fool the beginners. scammers will ever not stop and they cannot be stopped unless the people already know their nature.

Emmychris

jr. member

Activity: 170

Merit: 1

In this present world today the rate of scammers has increased so high, and each day there come up with a new method in which there could use to scam people, so to avoid being scam we have to be wise and cautious, we need to know that nothing good comes easily, and anything which is too good to be real is scam, let's all try to always get updated because scammers always try any method there could come in contact with.

Debonaire217

sr. member

Activity: 644

Merit: 364

In Code We Trust

Quote from: Emmychris on July 07, 2020, 07:58:42 PM

In the world today, scammers are everywhere and there are so many of them in crypto, the best way avoid scammers is to be wise and cautious, anything too good to be real is a scam run from it, and we should always get updated because scammers use every method there lay thier hands on .

They are choosing cryptocurrency because they can anonymize themselves but in fact, they can't. They just thought they are undetected but tracing transactions with bitcoin and altcoin through blockchain will make them vulnerable but most of the time, when people got scammed, they report it but most of the time, they just do nothing. But with the knowledge of the transaction tracing and having a deeper knowledge about block explorer, they might find the culprit.

Emmychris

jr. member

Activity: 170

Merit: 1

In the world today, scammers are everywhere and there are so many of them in crypto, the best way avoid scammers is to be wise and cautious, anything too good to be real is a scam run from it, and we should always get updated because scammers use every method there lay thier hands on .

dongosquad

full member

Activity: 588

Merit: 101

Quote from: ChiBitCTy on June 20, 2020, 05:23:25 PM

Everyone just needs to use common sense when it comes to scams. Realize that a large portion of the cryptocurrency industry is a scam. If it's too good to be true it is, period. Looking back and learning from mistakes such as those who bought into bitconnect...looks what they were offering, %..wise. It was realistic. Use these same principles and visit the scam section of bitcointalk often.

Unfortunately many people ignore logic because they want instant and many benefits. This syndrome often attacks the newbie. They come to the world of crypto because they are interested in the huge benefits offered. The fact is that big profits are not obtained instantly, there is a learning process, there is an adaptation process that must be passed so that it gets the right strategy. Sometimes, they are only ready to profit, but not ready to lose. When they are trapped by losses, which are caused by their own negligence, they say out loud: crypto scam. I'm sometimes fed up, but can't do much. We should always remind ourselves to never invest in a business you cannot understand.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: Shasha80 on June 20, 2020, 06:50:55 PM

Cryptocurrency is always associated with fraud, because a lot of fraud occurs by people who are not responsible in the world of
cryptocurrency. Especially ICO projects are almost 95% scams, it can also be done by small exchanges owners by making fake
volumes for attract investors to buy shitcoins. There are so many deceptive practices in the cryptocurrency world, so be careful
when trading or investment. Do research and analysis before making a decision.

This should be obvious for so many people in this forum because scams have been doing the same formulaic and routine way to attract gullible people, back then it is not the people who has the problem but now, I think the people is the problem, they all believe this frauds based on data that were given to them, no research and common sense, always wishful thinking.

Shasha80

sr. member

Activity: 1876

Merit: 318

Cryptocurrency is always associated with fraud, because a lot of fraud occurs by people who are not responsible in the world of
cryptocurrency. Especially ICO projects are almost 95% scams, it can also be done by small exchanges owners by making fake
volumes for attract investors to buy shitcoins. There are so many deceptive practices in the cryptocurrency world, so be careful
when trading or investment. Do research and analysis before making a decision.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

Everyone just needs to use common sense when it comes to scams. Realize that a large portion of the cryptocurrency industry is a scam. If it's too good to be true it is, period. Looking back and learning from mistakes such as those who bought in to bitconnect...looks what they were offering, %..wise. It was realistic. Use these same principles and visit the scam section of bitcointalk often.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Naughty Princess on June 10, 2020, 07:12:03 AM

Quote from: tbterryboy on June 08, 2020, 04:50:51 PM

This is something that's being talked about everywhere, there are lots of articles that talk about this. Anyone who does research before proceeding to do anything would hardly for these scammers. Just like me, before I do anything I don't fail to do my research.

I search on Google and read lots of articles and learn anything that I'm supposed to learn about it. As of now, most of the times when I see scam projects I don't need anyone to tell me that they are scammers. I can easily tell when it's a scam, it's become a normal thing now. No matter how much they try to cover up, there is always one or two things that are unrealistic and show them off as a scam. An original will always be original.

Reading helps a lot to explore and find which project really worth and which is fraud and scam. There are lot of fraud than the legit, just beware. Even for the coin itself, it is not trusted which the not good to remember and many are suffering from it. There are some that using it for their own benefits so better to be wise where to invest.

When it comes to investment then you should really be aware on how do things work neither you are considering to throw up some money here on crypto or even on traditional business. Scams does exist not only here but also in the other side.As long it do involves money then scammers or criminal minds would really find out ways on how they would really take advantage to those people who do lack knowledge for them to get money via
frauds or scams which is somewhat really rampant here in crypto where it do particularly talks about ICO and other ways of fooling out people towards investment.

George3

newbie

Activity: 2

Merit: 0

Back in (2019) I had made an investment with Amega,Plus500,OMCmarkets, FXcryptoclub,Kontofx, Goldcfd & HotForex which was introduced to me by a friend who had invested and made solid returns from them without withdrawing profits. We were a chain of huge investors who only wanted to make enough to suit out lifestyles. I requested a withdrawal and I was denied. I became very worried and asked the rest of the people in the chain to do same. Little did we know that we had been played. We invested ( 6,070,000 Euro ) collectively. I had to seek help from a top International wealth recovery expert when i googled his name "fastfundsrecovery" with a track record of such capacity to recover investments such as this. We all got (92%) of our investments back collectively. Please keep away from these companies as the experience with them was downright distasteful!! They do not even reply emails anymore.

Naughty Princess

full member

Activity: 952

Merit: 107

Quote from: tbterryboy on June 08, 2020, 04:50:51 PM

This is something that's being talked about everywhere, there are lots of articles that talk about this. Anyone who does research before proceeding to do anything would hardly for these scammers. Just like me, before I do anything I don't fail to do my research.

I search on Google and read lots of articles and learn anything that I'm supposed to learn about it. As of now, most of the times when I see scam projects I don't need anyone to tell me that they are scammers. I can easily tell when it's a scam, it's become a normal thing now. No matter how much they try to cover up, there is always one or two things that are unrealistic and show them off as a scam. An original will always be original.

Reading helps a lot to explore and find which project really worth and which is fraud and scam. There are lot of fraud than the legit, just beware. Even for the coin itself, it is not trusted which the not good to remember and many are suffering from it. There are some that using it for their own benefits so better to be wise where to invest.

lepbagong

full member

Activity: 2268

Merit: 121

Reward: 10M Sheen (Approx. 5000 BNB) Bounty

Quote from: Tahsin Kabir Kollol on June 10, 2020, 02:06:09 AM

Fraud and scammers are everywhere. There are also many scams in Cryptocurrencies. They provide many bonuses and make people greedy, raising some funds, and then fled. A lot of community here to prevent scam but they can not stop it fully. There are also many projects that never have a realistic future plan and hardworking team. As a result, they lose the value of their currency when it comes to the market, which causes financial loss to investors and makes people feel cheated. Therefore, before investing in ICO, one should know all the information about the project and invest in the project. As a result, The projects involved in fraud will not be able to collect assets and ICO will not come in the market with such projects.

need cooperation and foresight in today's disclosure with the growing number of scam projects. now seems to have become a trend to do fraud projects by giving large bonuses but the value obtained is far from expected, and even more ridiculous is to disappear and not be responsible.
this must be stopped immediately because it will impact many investors who are afraid to put their funds into a new project.
cooperation and mutual information are needed so that the behavior of people who want to cheat can be stopped and not given an opportunity so that they finally deterrent.

Tahsin Kabir Kollol

full member

Activity: 1624

Merit: 102

Fraud and scammers are everywhere. There are also many scams in Cryptocurrencies. They provide many bonuses and make people greedy, raising some funds, and then fled. A lot of community here to prevent scam but they can not stop it fully. There are also many projects that never have a realistic future plan and hardworking team. As a result, they lose the value of their currency when it comes to the market, which causes financial loss to investors and makes people feel cheated. Therefore, before investing in ICO, one should know all the information about the project and invest in the project. As a result, The projects involved in fraud will not be able to collect assets and ICO will not come in the market with such projects.

ghost424

full member

Activity: 630

Merit: 103

Being in the forum automatically introduces some of the risks. First we got that risk of having our identities taken by someone in the forum DEPENDING on how well we hide our identity. The Cryptocurrency industry is not full of fraud and scams because some people are making their profits from it. That is actually good because if we can look for ways to do that too, then we can profit from it too. We just always need to consider the risk whenever we join a project and make sure that we are ready to face those risks.

retnoanjani

full member

Activity: 630

Merit: 100

Quote from: tbterryboy on June 08, 2020, 04:50:51 PM

I search on Google and read lots of articles and learn anything that I'm supposed to learn about it. As of now, most of the times when I see scam projects I don't need anyone to tell me that they are scammers. I can easily tell when it's a scam, it's become a normal thing now. No matter how much they try to cover up, there is always one or two things that are unrealistic and show them off as a scam. An original will always be original.

Knowledge is power.
When we already have a basic knowledge, plus experience, then we will not be easily trapped in a fraud scenario. At this stage, we will not be easily provoked with big reward bait in a short time. Nothing is instant, everything requires a process. Moreover, there is a promise that will get xxx% profit in just a few weeks. How dare they provide such guarantees when the crypto market is very dynamic.
Well, to get the position as you feel it would require a lot of effort and time. It was truly very valuable experience.

Reading is the key. Start with this simple thing so you don't easily get caught up in fraud.

Topic: Cryptocurrency fraud and scams - page 2. (Read 1207 times)