I discovered something new today.
Someone created a website that allows you to create ETH address, BTC address and allows you to perform some other tasks. Someone makes the site a bit useful. Here the goal is to let the users to use the site and when they generate the addresses they have a copy of the key of course. BE AWARE!
And this is how they will market it. Thanks to SFR10 that he spotted it.
Topic: List of (un)known methods scammers user to scam users with honorable mention (Read 1427 times)
December 22, 2020, 04:18:05 PM
September 18, 2020, 08:04:15 PM
How about this one mate? Less-know scam: Crypto hardware.
July 30, 2020, 07:50:58 PM
Funds recovery Fraud/Scam - I think it's one of the oldest scam tricks around and it deserved to be in the list 
The Person in the latest case documented here lost over $50,000 just in the recovery fraud. I wonder how much money they lost that they were trying to recover
The Person in the latest case documented here lost over $50,000 just in the recovery fraud. I wonder how much money they lost that they were trying to recover
July 20, 2020, 07:16:06 PM
Fake Options platform where the users always lose their money.
When the users complain about losing their money the scammer declares the user doesnt know what they are doing and that option pricing is done using "Nobel prize winning black-scholes method" . Unsuspecting users may accept that answer and accept their loss, when really it's a huge scam.
https://bitcointalksearch.org/topic/bitlevex-a-creative-scam-where-you-always-lose-your-money-promoted-by-fractal-5262258
When the users complain about losing their money the scammer declares the user doesnt know what they are doing and that option pricing is done using "Nobel prize winning black-scholes method" . Unsuspecting users may accept that answer and accept their loss, when really it's a huge scam.
https://bitcointalksearch.org/topic/bitlevex-a-creative-scam-where-you-always-lose-your-money-promoted-by-fractal-5262258
July 06, 2020, 02:51:28 PM
I've ran many businesses and chargebacks are just a cost of doing business. Majority of business is done with credit cards, its just how the real world operates. Your generally fine selling btc for paypal if you charge a premium to offset any losses you might have.
Ok, lets say you want to sell 1 BTC using paypal. How much of a premium would you want for that?
Depends on the platform, if it is something like paxful where you can sort of get a good idea on who is trustworthy maybe 15% or so. Assume 1 out of 10 trades will go bad.
The thing is with paypal you get a huge amount of customers that otherwise wouldn't be able to buy crypto.
I doubt anyone is willing to buy BTC with 15% premium. But that's just me.
My experience tells me that if they say to any price, it's either a very rich buyer (in this case, he has other options) or a scammer just waiting to trigger that chargeback
July 06, 2020, 02:46:22 PM
I've ran many businesses and chargebacks are just a cost of doing business.
I've owned two businesses, ran them for years, and never had a single charge-back. Maybe if you didn't scam your customers they wouldn't feel the need to charge back.
July 06, 2020, 02:15:39 PM
I've ran many businesses and chargebacks are just a cost of doing business. Majority of business is done with credit cards, its just how the real world operates. Your generally fine selling btc for paypal if you charge a premium to offset any losses you might have.
Ok, lets say you want to sell 1 BTC using paypal. How much of a premium would you want for that?
Depends on the platform, if it is something like paxful where you can sort of get a good idea on who is trustworthy maybe 15% or so. Assume 1 out of 10 trades will go bad.
The thing is with paypal you get a huge amount of customers that otherwise wouldn't be able to buy crypto.
July 06, 2020, 02:06:21 PM
I've ran many businesses and chargebacks are just a cost of doing business. Majority of business is done with credit cards, its just how the real world operates. Your generally fine selling btc for paypal if you charge a premium to offset any losses you might have.
Ok, lets say you want to sell 1 BTC using paypal. How much of a premium would you want for that?
July 06, 2020, 01:55:39 PM
Paypal for crypto(BTC)
This kind of currency exchange offers we often see in the Currency exchange section. Most of them come from Newbie accounts or very lower ranked accounts. They will claim that they have Paypal and they want to buy BTC. The deal may go very smooth but since Paypal has chargeback feature (is valid for 180days) the scammer can simply write to Paypal for a refund and if they can convince Paypal team then Paypal will take the money away from your account. A better solution is to hold the crypto for 180 days using an escrow perhaps.
Example victims or offers:
In progress
Luckily i'm not a victim, but i've seen this happen, and has been attempted on me dozens of times.
ONLY use paypal for people you TRUST
Cargeback is a bitch....
I've ran many businesses and chargebacks are just a cost of doing business. Majority of business is done with credit cards, its just how the real world operates. Your generally fine selling btc for paypal if you charge a premium to offset any losses you might have.
December 10, 2019, 05:28:00 AM
Paypal for crypto(BTC)
This kind of currency exchange offers we often see in the Currency exchange section. Most of them come from Newbie accounts or very lower ranked accounts. They will claim that they have Paypal and they want to buy BTC. The deal may go very smooth but since Paypal has chargeback feature (is valid for 180days) the scammer can simply write to Paypal for a refund and if they can convince Paypal team then Paypal will take the money away from your account. A better solution is to hold the crypto for 180 days using an escrow perhaps.
Example victims or offers:
In progress
Luckily i'm not a victim, but i've seen this happen, and has been attempted on me dozens of times.
ONLY use paypal for people you TRUST
Cargeback is a bitch....
December 08, 2019, 02:57:57 PM
Most of this method's are being used in telegram I couldn't count how many times I have received some of this method.
Fake ICO's deposit x to receive x and some people who are begging for help to cash out their money in some fake sites how ever I have never entertain them since I know that it is just a scam.
And there are some who also sell some script to win in gambling who would even fell for that method?
Fake ICO's deposit x to receive x and some people who are begging for help to cash out their money in some fake sites how ever I have never entertain them since I know that it is just a scam.
And there are some who also sell some script to win in gambling who would even fell for that method?
October 24, 2019, 09:24:59 AM
One more method:
FAKE EXCHANGES (Deposit X to Unlock Y Bitcoins)
Someone drops a list of "leaked accounts" with username, password and a "exchange" website. you verifify and these accounts have lots of bitcoins and no security at that site [2fa, email confirmation, etc]. so you try to withdraw those Bitcoins but for withdraw you need to verify you address, and the method to verify is send x coins to that address to "unlock" it. clever.
FAKE EXCHANGES (Deposit X to Unlock Y Bitcoins)
Someone drops a list of "leaked accounts" with username, password and a "exchange" website. you verifify and these accounts have lots of bitcoins and no security at that site [2fa, email confirmation, etc]. so you try to withdraw those Bitcoins but for withdraw you need to verify you address, and the method to verify is send x coins to that address to "unlock" it. clever.
September 12, 2019, 06:43:30 AM
You forgot an extremely common one;
Impersonation
This trick typically works when a new user has the same or a very similar username to an established member. Often these users will wait until the real member and the mark (target) are engaged in a conversation, then throughout this conversation they will message the mark while impersonating the established member for the purposes of scamming them. This is particularly common on Telegram, where people will have the same or very similar descriptions in their profile, but will usually lack a username, or have a very similar username to a person of status, e.g. an admin or renowned bitcointalk individual. This trick most commonly targets those who are unfamiliar with Bitcointalk, since the main distinguishing factor is the activity, post count and merit, which are things newbies might fail to check, instead relying solely on the username.
Impersonation
This trick typically works when a new user has the same or a very similar username to an established member. Often these users will wait until the real member and the mark (target) are engaged in a conversation, then throughout this conversation they will message the mark while impersonating the established member for the purposes of scamming them. This is particularly common on Telegram, where people will have the same or very similar descriptions in their profile, but will usually lack a username, or have a very similar username to a person of status, e.g. an admin or renowned bitcointalk individual. This trick most commonly targets those who are unfamiliar with Bitcointalk, since the main distinguishing factor is the activity, post count and merit, which are things newbies might fail to check, instead relying solely on the username.
August 23, 2019, 11:57:31 AM
New addition and do not miss to read it!
Send BTC to xyz wallet: [H] X coin [W] BTC
This thing came new to my radar. Check this: [W] BTC [H] XMR $3,600,000 archive Read the topic.
It create doubts but seems legit too. One would consider to send the BTC to the referred wallet thinking it's a legit wallet. Trick is that the user will give you a phishing wallet site and will ask you to create a wallet in there and have the keys safe. They will then send the X coin (which they won't obviously) and once you will receive the X coin then you will be asked to give them the private key of the wallet.
Trick here is that once you will create the new wallet in the phishing site and send the coin as he instructed, possibly he will have some code injected and the BTC will immediately go to his choice of wallet. Scammers are very creative indeed.
Example victims or offers:
https://bitcointalksearch.org/topic/--5178075 (offer)
This thing came new to my radar. Check this: [W] BTC [H] XMR $3,600,000 archive Read the topic.
It create doubts but seems legit too. One would consider to send the BTC to the referred wallet thinking it's a legit wallet. Trick is that the user will give you a phishing wallet site and will ask you to create a wallet in there and have the keys safe. They will then send the X coin (which they won't obviously) and once you will receive the X coin then you will be asked to give them the private key of the wallet.
Trick here is that once you will create the new wallet in the phishing site and send the coin as he instructed, possibly he will have some code injected and the BTC will immediately go to his choice of wallet. Scammers are very creative indeed.
Example victims or offers:
https://bitcointalksearch.org/topic/--5178075 (offer)
August 18, 2019, 01:43:07 PM
Added it other day @Darkstar_ Thanks
@Baofeng: Yeah she was perhaps planning for a long term cone or something. We never know if she was not around.
Anyway, asoft bump for visibility :-P
@Baofeng: Yeah she was perhaps planning for a long term cone or something. We never know if she was not around.
Anyway, a
August 16, 2019, 11:12:31 AM
There was a user named alya. She used to sell a script like this. Can anyone help me to find the link?
Cheers :-)
Cheers :-)
https://bitcointalksearch.org/topic/m.31111475
And also this one, Evidence of alias (u=1764044) long con scam!
Don't forget about catphishing as well. That's when some dude pretends to be a female to try get their victim to let their guard down and send them bitcoins (because obviously a woman would never scam anyone - they're far too nice for that). Seen it happen a fair few times here and there's probably much more that we don't see as people will be too embarrassed to come clean and then also all the attempted times - users like Alia etc: https://bitcointalksearch.org/topic/evidence-of-alias-u-1764044-long-con-scam-3032057
August 16, 2019, 10:09:15 AM
There was a user named alya. She used to sell a script like this. Can anyone help me to find the link?
Cheers :-)
Cheers :-)
https://bitcointalksearch.org/topic/m.31111475
August 16, 2019, 06:45:04 AM
Can you add "money making" gambling scripts where scammer sells script promising guaranteed profit? Not only that it is nearly impossible to make profit out of negative expected value game (EV-), sometimes script has malicious code and scammer steal funds.
Thanks. Added:"money making" gambling scripts Courtesy: marlboroza
Often time you will see users are selling winning methods to cheat gambling websites. Almost all of them turns out to be scam. It work like this: Either they will ask for a partnership (ask you to invest) or they will tell that this made them xxx or yyy amount of money and it's going to do the same for you. Do not fall for this traps
In reality, if someone really find a backdoor they are not going to share it with anyone instead they will make as much as they can for them personally.
Example victims or offers:
In progress
Often time you will see users are selling winning methods to cheat gambling websites. Almost all of them turns out to be scam. It work like this: Either they will ask for a partnership (ask you to invest) or they will tell that this made them xxx or yyy amount of money and it's going to do the same for you. Do not fall for this traps
In reality, if someone really find a backdoor they are not going to share it with anyone instead they will make as much as they can for them personally.
Example victims or offers:
In progress
There was a user named alya. She used to sell a script like this. Can anyone help me to find the link?
Cheers :-)
August 15, 2019, 09:29:01 AM
Can you add "money making" gambling scripts where scammer sells script promising guaranteed profit? Not only that it is nearly impossible to make profit out of negative expected value game (EV-), sometimes script has malicious code and scammer steal funds.
August 15, 2019, 07:13:45 AM
Added and bump for visibility.
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