Topic: Cryptocurrency fraud and scams - page 6. (Read 1204 times)

They fall on this obvious trap because they are thinking that they really can get profit from it. For those who have not learned their lesson well with these scams, they will always think to get easy money. There are so many scams out there in many forms, yet, there are people who still fall as victims because of greed. That's the main reason why people can be deceived by these fraudulent high paying investments. The thought of earning money without so much effort put into it.

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.

That is a fraud scenario that is very easy to understand. Unfortunately, newbies who always want to profit quickly, ignore that fact. The cryptocurrency market is very volatile, after all who really dares to guarantee prices will rise? and you entrust your funds to people you don't know on the internet? it's a very fatal mistake.

Remember, never invest in a business that you cannot understand

Scammers are everywhere and we don't know when and where they will strike. I think the idea of scammers that makes them this kind of act is all about their facing. Their life and sometimes or even mostly, the attitude of being a greedy one. Scammers will definitely experienced or collide by everyone mostly to those people online. Today, a lot of scammers use online platform to do their job because in online they can hack or hide their identity to those person who doesn't jave enough idea. They can manipulate people by making them spin throught their heads. We can be aware of this kind of act or people but be sure we have enough idea and different king of strategy once we are experiencing it. Online make it possible for them but we can also use online to take them down.
Advance technology will make us to be aware of this scammers evweywhere yet this advance tech also give them new ideas to plan out. I once experienced being scam a large amount of money and in that situation I felt so bad yet I learned from that situation and remembers to always be aware of people, sites and even campaigns.

A friend told me she was into this online investing platform which turned out to be coin-bits and that it was going very well for her and she was making returns from it and I thought I could try it out as well. Turns out we were both caught up in a web of deceit, they gave us only a little percentage of our investment the first month of investing and demanded that we invested more to generate higher returns and improve our withdrawing power which we did because it seemed legit as a result of the first month payout we received. It was all down-hill from that point onwards, they made us invest more for a couple of months and at some point we had to put together funds to link our portfolios so we can make a one-time withdrawal but we were never given a chance at withdrawal.

My search for recovery brought me to stumble on an article on SEC that read thus;

“Not all harmed investors will be able to recover money, and many of those who recover money receive less, often substantially less, than their losses from the securities fraud”. They wrote In addition, that “even when harmed investors are able to recover money, the process for distributing the money to harmed investors may take a long time” and this was even more discouraging. But right under the article was a review that countered this approach and made several reassuring statements about FASTFUNDSRECOVERY.WORDPRESS.COM and their ability to do better than most.

When I made contact, they came up with a tailor-made solution where they focused on my specific circumstance before working out the best and most cost-effective way of helping me achieve my aims. My friend Laura followed suite immediately and she too was able to access all her funds sitting idle in a wallet.

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.

Some time I agree for saying bitcoin and cryptocurrency fraud and scam because I lost much money in bitcoin and altcoin investment, but some time I believe with bitcoin and altcoin when I got much profit during my trading get up with higher price.

Nope that's wrong because even in our days now when there are so many precautions and advises still Members are becoming victims by this scammers and sometimes even OLD timers are one or the victim also.

Never forget that Scammers are mostly much looking legit than original so don't underestimate their capacity thats why we need more of this kind to remind people each time about the incoming scams or hacks they may face.

Today there are still a lot of scams happened in the world of cryptocurrency because most of the time it does not require kyc for the transferring of funds so it cannot make easier to trace out the recipient of the transaction. Still, one of the good things we need to do is make a lot of research about they introduce next is if you don't want to make any communication to strangers it is better if you block them immediately because they will really push you to do something and getting pressure easily. Still, it depends on you if you will entertain them and just get more information and waste their time to pretending you are doing the things they told or just block them immediately.

with technological advances that occur are many who misuse the technology to seek profits for a moment in order to generate profits. many ways are now circulating from the bonus given when investing which sometimes makes no sense, but instead many are deceived because they do not want to do the analysis first. have not been asked to send some eth by exchanging with their tokens, even though it has not been proven that the tokens that are exchanged can later have a stock market. most often telegram transactions that are very intense leads to fraud.
Fraud seems inevitable if there is no cooperation from all to break this link. should have the authority to immediately close before developing more.

I completely agree with OP and you,
So in order to avoid being scammed we need to do some research and be cautious not just in crypto but also in real life.
Both online and offline aren't safe to fraud and scams and it is true scammers are everywhere not just on cryptocurrency.
Before the creation of crypto currency scams and fraud are already around us so we couldn't really say that it is because of crypto or the internet.

I completely agree with you. Of course, we must conduct our research before using the exchange in order to prevent any fraud or fraud, as many of these systems weave ropes to prey and most of them often start.
  Solicitation with false promises in order to increase profits in a fast way that causes us to question its credibility, because caution must be taken, caution must be exercised in coding, especially exchange, and thus we believe ourselves against fraud and fraud.

Fraud is not only limited to the advent of blockchain, but online scammers also use more of the traditional system to steal. We have just a small fraction of persons carrying out fraud in cryptocurrency as compared to card fraud and Ponzi schemes using fiat. However, anyone who follows the basic blockchain rules will be wiser than an average investor.

Scammer and hype project investment name with bitcoin make cryptocurrency fraud and bad on many people, some one not interested with bitcoin and altcoin investment after getting with bad project get payment using bitcoin and scam many investor, but in fact bitcoin keep trusted payment just fraud by scammer.

There are too many scams in Cryptocurrencies. Raised fund with ico and then good bye. It is very difficult to know who is right and who is wrong these days.so investing in ico is just is very risky. We know that many ICO has been scam their investor, and they are running with the investor's money. These days not only Cryptocurrencies but all fields are full of scam.
In last I want to say be prepared for everything and use your mind every time when you putting your money on anything.

Fraud and scam will always happen, not just in cryptocurrency, but it will happen in the other industry. The scammers will do anything to trick their target until they can get their money, and that is our job to be careful and always search for more information about the offers. If we cannot find more about the news, then we don't have to do anything because if we follow the news, we will lose the money we have.

We know that many ICO has been scam their investor, and they are running with the investor's money. People cannot do anything except regret what they did before. So we need to be careful before we do something, and make sure we can check the project before we participate as the investor or participants.

Thanks for the advice but we have read those a thousand times and actually only few members here are trying to invest in ICO and altcoins.
Instead majority of people inside crypto market are into Bitcoin and that is how they are being safer.

And not only Newbies  but those greed people that is being brainwashed to invest in high profiting project but in the end will be scammers and the line goes on and on.

Fraudsters uses different approaches trick people such as novices who doesn't have enough knowledge on how they can keep their funds safe and secured. It is the reason why people should make time and effort learning various information because fraudsters can easily find a new way when someone has busted their system. We should be aware, so we know the things that we have to consider before making any decisions that may affect our funds, such as investing in new projects. We have to ensure that the project isn't a scam by making a background research.

Everyone should exercise caution be it a newbie or a senior. Everyone can be a victim of cybercrime and it can happen anytime and anywhere. In dealing with the world of crypto, one should always be vigilant and careful as well as admit themselves to protection because you'll never know when your investments or assets could be turned to stone.

We must admit that cryptocurrency is a lot of fraud and scams, and therefore it is very important to prevent this from happening happened
to us. The first thing we have to do is choose the projects or coins we will follow by analyzing carefully. In order to avoid scammers, because
if you investigate correctly you can certainly choose real projects. In my opinion, scammers are very clever in deceiving their victims, so be
more careful in choosing cryptocurrency projects is very important.

Fraudsters always try to do everything, make fake projects with all kinds of manipulations. New investors, or people who don't care about the ecosystem, and are only profit-oriented, will definitely ignore the analysis, even though it's one of the things that must be done before deciding to invest. Lack of understanding of risks like this, lack of awareness, lack of willingness to read and explore the project will make the risk of loss even greater.