Cryptocurrency fraud and scams - page 5.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: ?? on ??

Quote from: EmmaTalks on March 20, 2020, 03:08:03 AM

how they happen and how you need to pay attention to safeguard yourself against them.
The Computer Science saw a different phase when cryptography mechanism was introduced with Bitcoin. With this big of a change, threats of fraud increased, to safeguard from these malicious activity is extremely important. Startups without blockchain should not be trusted at all. Before committing to any company, their credentials should be reviewed.
There are many fake ICOs that can scam people easily. The best way is to do research before being affiliated to that exchange. Another way is to send an email and ask about the exchange to be cautious. Phishing is another way to scam people, by asking their details and asking them to invest their Bitcoin or any other cryptocurrency. Fake Airdrops and Punycode are most common tricks.
There are many unregulated brokers that can lure clients in lower prices and trading products and fast returns. So, one needs to be vigilant. The automated trading systems are not scams but they will take any opportunity to earn profits. Exchanges will charge an unfair amount to withdraw, the best way to avoid is to already be aware of exchanges price differences.
Fake emails look so authentic but at the end they are still fake. Check every bit of information before acting upon it. Many companies copy and paste some other company’s whitepaper, rather than having an original idea of their own.
Most exchanges use fake information for their team members. To be careful one must look for incomplete or inconsistent information and odd details.Inconsistent texts or details on any part of the website is also a red flag. One should read and proofread to be sure.
People should run scans to look for any Bitcoin miner or bot in the system. Companies will do anything for money, to ensure safety and security right websites should be used. There is a lot of responsibility one needs to practice in order to be careful.

your information about scam are so simple and not complete. if u tell a scamer these words they will use *10 and prove it to you on many ways that they are telling trues about project .and u cant even realize that. and eventually u will invest with them at the end .most of them are just marketers (strong marketers)

Agree with you since there are platforms who are good with introduction and strong marketing which makes the newbies fall in the trap, But their are actually signs that we can determine if the platform is good to go and mostly the one offers a big percentage of profit by investing at them will somehow a big red flag unto us so better we should be more observant as well careful on the things we are going to.

The OP post somehow helpful in some aspects.

Jamesdila1

member

Activity: 686

Merit: 10

The are a lot of scam projects out there just beware of them! Don't invest in something unless you are a hundred percent sure that is legit
You have to check out for infos and details about the project before investing
Most of the IEOs and icos now fail (90% of them) actually

bearexin

full member

Activity: 1162

Merit: 168

Are you talking about IEO or ICO? IEO are the ones that start directly on the exchange, but ICO can be started on the Ethereum Blockchain by just anyone and there is no one to check whether they are a scam or not, except for you who is investing it. As an investor, any project you develop interest in, you should do your best in looking further into it and picking everything to know whether it's a scam or not. You don't just start investing your money straight up without getting to know about the project, it's very bad.

There are things you should look into, it's no longer something new and has been discussed here a lot of times. But, people are falling to such scams due to lack of awareness or due to ignorance. But, when we keep on spreading out awareness across this forum then there possibilities for more people to escape Cheesy

.

rodskee

full member

Activity: 2408

Merit: 202

Mind using spacing next time,it is kind of boring to read post like
yours but anyway whats the purpose of the thread?
is this some kind of warning to the users and account here?but
better that you have already noticed those leakages
here in internet that scammers always has a place to take their
slices of cakes and this is very common in
this market and this community.

raidarksword

member

Activity: 2044

Merit: 16

In this industry, it's easy create fake project and scam scheme that targeted people who are new to crypto currency. It's sad to hear that many people abusing and using it to create fraud anywhere else on every corner of social media platforms are scattered. In order not to fall on these kind of scams is always do some research before engaging in these types of hype scams that can be found in the internet. I fall for these scams before especially on HYIPs and that's what makes me more vigilant and more cautious.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: ?? on ??

If there is such a large "army" of scammers, why not create an "army" that will fight them. This must be centralized, otherwise we may lose the cryptocurrency. Undecided

Scams are inevitable, the same as hacks and we all know that.

Instead of "creating an army that will fight against them", why not just create or build your knowledge so that you will be able to avoid and prevent yourself from being a victim of scams. As long as there are victims, there will always be a lot of people that would try to scam people.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Welcome to crypto and welcome to the internet world Grin

In this world you will encounter every kind of scammers and also hackers so better be aware of that.

I have been almost become a victim for how many times but lucky that i am aware of their strategy and i love reading here in forum so the updates about the possible scam and hack can be prevented.

Just stay alert,aware and knowledgeable for not to become scammed/hacked and also make sure you are not greedy lol.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: ?? on ??

If there is such a large "army" of scammers, why not create an "army" that will fight them. This must be centralized, otherwise we may lose the cryptocurrency. Undecided

The question is who? anyone can create fake identity on internet so it's hard to trace them up unless if they show their real identity but i doubt there are scammers who do this since it's big wrong move for them if they choose to do this, and I think its impossible to make all centralized since this is not how crypto works so maybe the best thing we can do is to avoid what possible scam offered to us.

Quote from: ?? on ??

Scam is everywhere. God thanx now you've got a chance to read info, feedback from real people on the Internet, ask advice etc. MAKE YOUR OWN RESEARCH!

It's everywhere and it exist because of greed that's why we need to be vigilant always on what we do since the scammers will attack us if they see us falling on their traps.

plvbob0070

copper member

Activity: 658

Merit: 402

Since we are using the internet, I bet we are all aware of the existence of fraud and scams. Even outside the digital world, there's a lot of opportunists out there, trying to deceive people. It only makes it easier to scam people using the internet because they can easily escape and hide their identities.

It's not our fault if we get scammed, but we also have responsibility for it. It's a lesson that we should all know that we can't trust everything we see on the internet. And that, research can help us decide whether to trust somebody or not. We can't remove all scammers here, in fact, the more we become dependent on the internet, the more scammers will use this platform to deceive people. We should be prepared and aware of the possibilities might happen once we invest here in crypto.

online73

full member

Activity: 644

Merit: 101

Ecowatt.io

Hello everybody. Fraud has existed since the time the first living organism appeared on earth, Man just put it on a new, more perverse level. There are enough scammers everywhere - and in the cryptocurrency community this is enough. For this, there are such forums as this one that would study this issue and not fall for the tricks of scoundrels. First of all, of course, under any circumstances, you must be careful. Times have gone such that even a relative can act with you no better than any fraudster, and here people manage to invest money in projects, some of which are clearly fraudulent. I do not think that it is worth separating the concepts of a cryptocurrency fraudster and a fraudster in everyday life - everywhere they act with one purpose, to take possession of our money. Only our own stupidity and thirst for easy money allows fraudsters to eat their bread. You just need to remind yourself and your children more often that easy money does not exist. You have to pay for any gift in this life.

kezinaur14

jr. member

Activity: 90

Merit: 1

Quote from: Xxmodded on May 06, 2020, 05:25:20 PM

Fraud and scam when your assets of cryptocurrency have been in lower price, but when bitcoin and altcoin exist and stable on higher price no one brave to say bitcoin and cryotocurrency fraud and scam. Just happen when getting not good position with bitcoin and altcoin price to know which one is the best.

It's the banks knee jerk response, people go and complain that coinbase "screwed them", bank tell them to smile while taking the loss like big bois and they end up coming to complain here or on other online platforms........

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: tanjiran on May 07, 2020, 06:41:07 PM

Quote from: Youghoor on May 07, 2020, 06:32:31 PM

Almost every new invention that comes up would battle this sort of fraud attempts, even established companies are facing issues with counterfeits almost every day. People need to lay off their greed and always do a background search before investing in anthing. Do these two things and you are likely going to escape any attempts of scam and fraud.

Greed often makes newbies in a hurry, fomo, thus ignoring the important things they should do. Analyzing the quality of the project, specifically about the product and its function, is an important consideration. And I totally agree that we have to understand in advance what we are going to invest in, not just go along and rely on luck alone.

Greed always takes over when we're dealing with money. Even you or me, would sometimes have a second thought on whether we engage into a certain investments that looks like a good opportunity (different from too good too be true investment scams). That's the reality of every investment, scams are always there, your knowledge, experience, and know how will save you from becoming a victim.
What we need to feed our thoughts, is not to become desperate in needs. Desperation will sometimes lead us to a bad situation.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

If you will be thinking of it, it is also our fault when we are scammed or hacked. It's been years since I invested in bitcoins and other crypto currencies and I am only scammed twice and not been hacked. If we will be falling to the ploys of scammers and hackers, they would continue to do their thing so as long as there are victims there will always be those suspects. What I am saying here is that we should be wary of these scammers and hackers.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: adzino on May 06, 2020, 07:10:26 PM

Quote from: George3 on March 30, 2020, 01:21:58 AM

-snip-
The Crypto investment industry is gripped with scammers, starting with the brokers and ending with individual traders. In other words, as a trader, you’re on your own. There is little trust in the industry and if you still want to be involved, you must do the job, filtering the information in front of view.

You sound like a naysayer (though I know you aren't). You make it sound like cryptocurrency related industry are the worst and filled with evil people. You are actually wrong over here. You are just highlighting the bad part of the industry. What about all the good in has done? What about the benefits it has brought to everyone? Compared to this, all those negative activities are actually nothing.
And its not just the crypto market filled with scam. Scams are everywhere.

Just let them be, there are really people who are really just one sided and just tell up things on what up to their mind into their own view.
They should at least have the time on considering on the positive side of things rather than focusing on the negative one.I agree that
when it comes between negative and positive then its clear that it + do outweighs - one.

Scams are indeed everywhere as long it do involves with money then these things do exist no matter what yet there are people
whom really took advantage to noobs that can be easily be fooled.

tanjiran

full member

Activity: 770

Merit: 113

Quote from: Youghoor on May 07, 2020, 06:32:31 PM

Almost every new invention that comes up would battle this sort of fraud attempts, even established companies are facing issues with counterfeits almost every day. People need to lay off their greed and always do a background search before investing in anthing. Do these two things and you are likely going to escape any attempts of scam and fraud.

Greed often makes newbies in a hurry, fomo, thus ignoring the important things they should do. Analyzing the quality of the project, specifically about the product and its function, is an important consideration. And I totally agree that we have to understand in advance what we are going to invest in, not just go along and rely on luck alone.

Youghoor

sr. member

Activity: 1036

Merit: 275

Almost every new invention that comes up would battle this sort of fraud attempts, even established companies are facing issues with counterfeits almost every day. People need to lay off their greed and always do a background search before investing in anthing. Do these two things and you are likely going to escape any attempts of scam and fraud.

panganib999

hero member

Activity: 1750

Merit: 589

Quote from: EmmaTalks on March 20, 2020, 03:08:03 AM

how they happen and how you need to pay attention to safeguard yourself against them.
The Computer Science saw a different phase when cryptography mechanism was introduced with Bitcoin. With this big of a change, threats of fraud increased, to safeguard from these malicious activity is extremely important. Startups without blockchain should not be trusted at all. Before committing to any company, their credentials should be reviewed.
There are many fake ICOs that can scam people easily. The best way is to do research before being affiliated to that exchange. Another way is to send an email and ask about the exchange to be cautious. Phishing is another way to scam people, by asking their details and asking them to invest their Bitcoin or any other cryptocurrency. Fake Airdrops and Punycode are most common tricks.
There are many unregulated brokers that can lure clients in lower prices and trading products and fast returns. So, one needs to be vigilant. The automated trading systems are not scams but they will take any opportunity to earn profits. Exchanges will charge an unfair amount to withdraw, the best way to avoid is to already be aware of exchanges price differences.
Fake emails look so authentic but at the end they are still fake. Check every bit of information before acting upon it. Many companies copy and paste some other company’s whitepaper, rather than having an original idea of their own.
Most exchanges use fake information for their team members. To be careful one must look for incomplete or inconsistent information and odd details.Inconsistent texts or details on any part of the website is also a red flag. One should read and proofread to be sure.
People should run scans to look for any Bitcoin miner or bot in the system. Companies will do anything for money, to ensure safety and security right websites should be used. There is a lot of responsibility one needs to practice in order to be careful.

Scams and frauds that relates to cryptocurrency usage is not already a new issue at this point of time because it is already happening ever since the cryptocurrency existence have started. Scammers are really out everywhere that it seems no one should easily be trusted without doing further researching about anything related to cryptocurrency in order to secure your safety and the security of your cryptocurrencies. Nowadays, it is best to always do seek information about that thing you wish to get engage with before deciding to get in so that you will better know that you are getting into a safe path on your cryptocurrency journey. People will do anything out of obtaining money so doing precautionary measures is in need specially at times like this that we are on a crisis.

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

Scammers are everywhere but their presence in the crypto community is enormous. They easily scammed innocent users that have no experience by creating unnecessary token without any use cases and a solid team to develop what was stated in the whitepaper. Always do thorough research and check if the team has domain experience in the subject matter.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: George3 on March 30, 2020, 01:21:58 AM

-snip-
The Crypto investment industry is gripped with scammers, starting with the brokers and ending with individual traders. In other words, as a trader, you’re on your own. There is little trust in the industry and if you still want to be involved, you must do the job, filtering the information in front of view.

You sound like a naysayer (though I know you aren't). You make it sound like cryptocurrency related industry are the worst and filled with evil people. You are actually wrong over here. You are just highlighting the bad part of the industry. What about all the good in has done? What about the benefits it has brought to everyone? Compared to this, all those negative activities are actually nothing.
And its not just the crypto market filled with scam. Scams are everywhere.

Youghoor

sr. member

Activity: 1036

Merit: 275

This space will never be void of these scams and fraud. it's rather necessary that users in here take extra caution before investing in any cryptocurrency. Also, doing away with greed can save you from the tempting messages of all these x100 coins.

Topic: Cryptocurrency fraud and scams - page 5. (Read 1204 times)