Your Guide to Avoiding Bitcoin Fraud Bitcoin News

Ignition Coin - The Next Generation of Store of Value on the Blockchain

At the core of the Ignition Coin ecosystem and development process is a focus on maintaining and improving the *store of value* functionality of the network.
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Fake bitcoin exchange website

Hi guys, i just wanted to put this out there so everyone can know about this website: lancerbit.com My client made me open an account on this website and i sent my documents, they wanted me to pay them 300 $ for insurance** so i can withdraw my payment. The English of the website is a total joke and the company number they use is prob stolen. If there are any other victams please contact me so we can launch a investigation and lawsuit on these wacks. Stay safe.
submitted by agatebae to Bitcoin [link] [comments]

cryptomerchantbank.co FAKE BITCOIN EXCHANGE

Hi All,
I come in peace.
Just a heads up... cryptomerchantbank.co are scamming people of their Bitcoin. Beware!
MODUS OPERANDI - INSIDE JOB
  1. They drop the SSL connection and harvest login credentials from unsuspecting Bitcoin investors who have been lured to access create or access accounts
  2. Unsuspecting investor finds 0.9 BTC balance in the account as a "gift"
  3. Bitcoin investor tries to withdraw the gift Bitcoin and receives a message that they cannot withdraw less than 1 BTC - https://imgur.com/a/X2gX3OH
  4. If they top up, and try to withdraw they get a message that the withdrawal was successful but receive no funds
Backend admins working closely with Scammers using Nigerian mobile phone numbers to whatsapp victims (e.g +2348154306200)
submitted by cryptoglia to Bitcoin [link] [comments]

cryptomerchantbank.co FAKE BITCOIN EXCHANGE /r/Bitcoin

cryptomerchantbank.co FAKE BITCOIN EXCHANGE /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

cryptomerchantbank.co FAKE BITCOIN EXCHANGE /r/Bitcoin

cryptomerchantbank.co FAKE BITCOIN EXCHANGE /Bitcoin submitted by cryptoanalyticabot to cryptoall [link] [comments]

Fake Bitcoin exchange traps drug dealers on the dark web

Fake Bitcoin exchange traps drug dealers on the dark web submitted by subscribe-by-reddit to NakedSecurity [link] [comments]

Going to War Against the Bitcoin Scam Industry

Going to War Against the Bitcoin Scam Industry

Considered by many the most revolutionary breakthrough of the 21st century, Bitcoin continues to surprise the world with its allure and resilience.
Launched in 2009 as a way to create a decentralized method of exchanging money, Bitcoin is by far the world’s biggest and most valuable cryptocurrency. It peaked at around $20,000 per coin in 2017 and today’s value is just under half that amount.
The Bitcoin Scam Industry
The rise of Bitcoin and the cryptocurrency industry it fathered has created great interest and attention over the last ten years. Nobody is certain as to the projection Bitcoin’s value will take over the medium-to-long term. This uncertainty, however, has not deterred investors from purchasing and trading the commodity.
Such interest and attention has unfortunately given rise to a number of criminal entities that seek to take advantage of innocent and unsuspecting victims through cybertheft and cryptocurrency fraud.
Recent investigations into the darker side of the cryptocurrency world have revealed that victims have been scammed out of an estimated $16.5 billion in digital currencies since 2011.
Types of Bitcoin Scams
The number of Bitcoin scams that have surfaced are too many to list. Hackers and scam artists continue to develop new ways to defraud their victims. New scams surface almost on a daily basis. Below are a few of the most notorious of these:
Fake Bitcoin Exchanges
The rise in popularity of Bitcoin and other cryptocurrencies has created an increase in fake Bitcoin exchanges. These exchanges deceive their users by offering excellent market prices, giving the impression that the user has made a great investment. The user however, discovers later that the Bitcoin exchange is fake and the scammer has run off with the money.
Bitcoin Ponzi Schemes
Similar to mainstream investment scams, the scammer receives Bitcoins from new investors in order to settle accounts with previous investors. This inevitably results in the investors never receiving a return on their Bitcoin investment.
Fake Cryptocurrencies
A common scam is to release a new cryptocurrency to the market that promises to rival existing ones. The premise is that the time to invest successfully in existing cryptocurrencies has lapsed and that it would be a great investment idea to purchase a new up-and-coming cryptocurrency. This new cryptocurrency may be featured on a fresh, professional looking website. You can bet that it will exaggerate their client base. The purpose is to create a ‘fear of missing out’ illusion forcing victims to scramble to jump on board.
Malware
Using sophisticated techniques, scammers can access your wallet and deplete your funds if you do not have the required malware protection. Malware can be downloaded by clicking on links from unknown email sources, downloaded from the internet and social media, and elsewhere.
How to Avoid Getting Scammed
The best advice is to trust your instincts and go with the common wisdom that if something seems too good to be true, it probably is.
Other tips to protect yourself from Bitcoin fraud is to:

What to Do if You Have Been Scammed

If you have fallen victim to a cryptocurrency scam, send a complaint to at [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process.

submitted by asaston to u/asaston [link] [comments]

Going to War Against the Bitcoin Scam Industry

Going to War Against the Bitcoin Scam Industry

Considered by many the most revolutionary breakthrough of the 21st century, Bitcoin continues to surprise the world with its allure and resilience.
Launched in 2009 as a way to create a decentralized method of exchanging money, Bitcoin is by far the world’s biggest and most valuable cryptocurrency. It peaked at around $20,000 per coin in 2017 and today’s value is just under half that amount.
The Bitcoin Scam Industry
The rise of Bitcoin and the cryptocurrency industry it fathered has created great interest and attention over the last ten years. Nobody is certain as to the projection Bitcoin’s value will take over the medium-to-long term. This uncertainty, however, has not deterred investors from purchasing and trading the commodity.
Such interest and attention has unfortunately given rise to a number of criminal entities that seek to take advantage of innocent and unsuspecting victims through cybertheft and cryptocurrency fraud.
Recent investigations into the darker side of the cryptocurrency world have revealed that victims have been scammed out of an estimated $16.5 billion in digital currencies since 2011.
Types of Bitcoin Scams
The number of Bitcoin scams that have surfaced are too many to list. Hackers and scam artists continue to develop new ways to defraud their victims. New scams surface almost on a daily basis. Below are a few of the most notorious of these:
Fake Bitcoin Exchanges
The rise in popularity of Bitcoin and other cryptocurrencies has created an increase in fake Bitcoin exchanges. These exchanges deceive their users by offering excellent market prices, giving the impression that the user has made a great investment. The user however, discovers later that the Bitcoin exchange is fake and the scammer has run off with the money.
Bitcoin Ponzi Schemes
Similar to mainstream investment scams, the scammer receives Bitcoins from new investors in order to settle accounts with previous investors. This inevitably results in the investors never receiving a return on their Bitcoin investment.
Fake Cryptocurrencies
A common scam is to release a new cryptocurrency to the market that promises to rival existing ones. The premise is that the time to invest successfully in existing cryptocurrencies has lapsed and that it would be a great investment idea to purchase a new up-and-coming cryptocurrency. This new cryptocurrency may be featured on a fresh, professional looking website. You can bet that it will exaggerate their client base. The purpose is to create a ‘fear of missing out’ illusion forcing victims to scramble to jump on board.
Malware
Using sophisticated techniques, scammers can access your wallet and deplete your funds if you do not have the required malware protection. Malware can be downloaded by clicking on links from unknown email sources, downloaded from the internet and social media, and elsewhere.
How to Avoid Getting Scammed
The best advice is to trust your instincts and go with the common wisdom that if something seems too good to be true, it probably is.
Other tips to protect yourself from Bitcoin fraud is to:

What to Do if You Have Been Scammed
If you have fallen victim to a cryptocurrency scam, send a complaint to at [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process.
submitted by asaston to u/asaston [link] [comments]

is sifr.com safe?

a scammer, which i didn't know was a scammer at the time told me to make an account on sifr. i did make an account and then received an email asking me to verify my account with this email. Is this website safe or a possible fake bitcoin exchange? do I potentially have a virus/malware from using the website and clicking the link they sent me?
submitted by detectivegunk to Bitcoin [link] [comments]

Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked (x-post from /r/Bitcoin)

Major Korean Crypto Exchange Seized After 99% Trading Volume Allegedly Faked (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin Daily: India Sees Rise In Fake Crypto Wallet Scams; Crypto Exchanges Vulnerable In How ... (current BTC/USD price is $11,856.83)

Latest Bitcoin News:
Bitcoin Daily: India Sees Rise In Fake Crypto Wallet Scams; Crypto Exchanges Vulnerable In How ...
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

You search a method to watch your videos without ads & be paid to watch your videos in Cryptocurrency? (You can backup your YouTube channel & if your channel is deleted you have a global backup. (No fake, you can exchange your LBC you win to Bitcoin via Bittrex.) The devs are really active.

submitted by polvojack to thehatedone [link] [comments]

Bitcoin Scam: Fake Crypto Exchange Earnings Top $50,000 since May

Bitcoin Scam: Fake Crypto Exchange Earnings Top $50,000 since May submitted by cryptolobe to cryptolobe [link] [comments]

mcvault.co - another scam bitcoin exchange

Hi all,
From the creators of cryptomerchantbank.co (you can read about them here https://www.reddit.com/Bitcoin/comments/a2mcyd/cryptomerchantbankco_fake_bitcoin_exchange/) please welcome mcvault.co
I was quite entertained by the ride to be honest, which started with me googling an unknown phone number and ending up on this page http://caller-register.host/38063/VO6VVE.php and then proceeding carefully to the platform which looks kinda legit, but is in fact a very elaborate scam (screenshot https://take.ms/sLDLT ) I didn't find any information about MCvault online and couldn't figure what the scam was until the association with cryptomerchantbank was revealed (screenshot https://take.ms/UyRVL) which then led me to reddit.
submitted by TheKatOfSchrodinger to Bitcoin [link] [comments]

BCH/Core narrative: BSV is delisted on many big exchanges so its easy to manipulate and pump and dump, so the price is fake. Reality: #BSV is succeeding despite delist campaigns and other attacks because it is the real Bitcoin, and has the spirit of the Honey Badger.

BCH/Core narrative: BSV is delisted on many big exchanges so its easy to manipulate and pump and dump, so the price is fake. Reality: #BSV is succeeding despite delist campaigns and other attacks because it is the real Bitcoin, and has the spirit of the Honey Badger. submitted by cryptorebel to bitcoincashSV [link] [comments]

Moronic Monday - It's your weekly stupid questions thread. Please upvote for visibility. I receive no karma for this post.

Hey /SilkRoad , it is time for Moronic Monday!
Post your question - stupid or otherwise - here to get an answer. Anyone can post a question and the community as a whole is invited and encouraged to provide an answer. Many questions get submitted late each week that don't get a lot of action, so if your question didn't get answered before, feel free to post it again.
I do ask that you refrain from abusing noobs in this thread. Feel free to link to guides, wikis, forums, other subreddits (particularly /bitcoin and /drugs [though many on the Bitcoin subreddit don't take real kindly to SR]), or the FAQ, though.
Link semi-related:
https://www.youtube.com/watch?v=5aeukmFc3sU
Also, I wanted to mention that scam attempts are ongoing in this subreddit. It's mostly the same guy, probably from China (based on the domain registrar) posting links to a fake Bitcoin exchange with a similar name to a legitimate bitcoin ecommerce site. The site claims to accept Paypal and debit/credit cards for Bitcoin, which no legitimate Bitcoin exchange does directly. He's using a rotating array of obscure URL shorteners to evade the automatic sitewide spam algorithm. His usernames are usually, but not always, gibberish, and usually, but not always, only used to post one comment or link. Some of you report it when you see it, and I'm thankful for that. Downvotes don't put things in the moderation queue, so please always report it when you see it. I delete and ban it when I see it and I know other mods do as well. There are other scams, but that's by far and away the most common one.
Another thing I want to mention is that you should never use onion.to for SR-related tasks. You lose all anonymity by going that route. Your ISP and/or your university IT department can tell exactly what you're looking at if you use it. Even if you visit onion.to using Tor, malicious Tor exist nodes could be used to compromise your anonymity. The Tor Browser Bundle is a seriously easy thing to install and use, and Orweb/Orbot is not much worse.
Useful resources:
http://erowid.org
http://dkn255hz262ypmii.onion
http://dkn255hz262ypmii.onion/wiki/index.php?title=Main_Page
reddit.com/Drugs
reddit.com/SilkRoadDeals
reddit.com/nootropics
http://gwern.net
The sidebar -----
Fire away!
submitted by RacistConspiracy to SilkRoad [link] [comments]

05-03 16:54 - 'I lost 10,000$ off of a fake crypto exchange' (self.Bitcoin) by /u/DeKinney removed from /r/Bitcoin within 34-44min

'''
I got my friends into a bitcoin ponzi scheme. We were all very new to bitcoin and wanted to test the waters first with 300$ but when my friends seen my earnings they joined in as well it was very stupid but I must say we did have the money to spend. This site is in control of many instagram accounts, following randoms and acting like genuine rich people to get them to send money and also stealing people's indentity to make it look real and photo shopping them with notes with the victims names to give them a fake sense of security. I feel as though a lot of people could fall for this, As I have and I have been on the internet for a long time.
A man who I met online named micheal_sweater_01 on instagram and fibertradeworldwide promised to let me join their investment pool and helped me setup a wallet. u/micheal_sweater_01 also looks for "sugar babies" on instagram only to use their information to hack into their account.
They set me up with a wallet connected to [tradeplus247.com]1 and began to manipulate the funds into my wallet. I was shocked when he made the first win and I made 2000$ off 300$. He said we just got lucky because bitcoin is on a rise. I showed my friends what happened and they wanted to invest too. It was a few weeks of hope and dreams until we went to withdrawal and it said a request was sent to the site to withdrawal. This is when we knew we got scammed, because our "broker" @fibertradeworldwide said we can not take out funds while we are in the program because our funds are fixed into the betting system. One of my friends sent him 10,000$ and the other sent 2,000$ which makes me feel guilty as hell right now and this is why I am going to do everything I can to remove this site. I will provide the information below

Site: [[link]3
instagram accounts: micheal_sweater_10 and fibertradeworldwide
Telephone number: 1 530 712-3171
The site says they are from london and gives office address but his phone number he gave me says california
I need as much support from reddit as possible to get this site taken down.
'''
I lost 10,000$ off of a fake crypto exchange
Go1dfish undelete link
unreddit undelete link
Author: DeKinney
1: *radeplus*47.**m 2: www.t*ade*lu*2*7.co* 3: www.tradeplus247.com]^^2
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Major Shipbough fake Chinese bitcoin exchange bust. Slaves forced to sell Bitcoin 24/7 in boiler-room scam.

Major Shipbough fake Chinese bitcoin exchange bust. Slaves forced to sell Bitcoin 24/7 in boiler-room scam. submitted by Cryptojesusgodallah to Buttcoin [link] [comments]

Ninety five percent of bitcoin trading volume is faked by unregulated exchanges

https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html?__source=twitter%7Cmain
submitted by dragonfangxl to investing [link] [comments]

Wait, are you telling me that 95% of cryptocurrency volume is faked, Mr. Wall Street Journalist? How could all these self-reporting exchanges possibly benefit from making public interest in Bitcoin appear to be 2000% larger than it really is?

Wait, are you telling me that 95% of cryptocurrency volume is faked, Mr. Wall Street Journalist? How could all these self-reporting exchanges possibly benefit from making public interest in Bitcoin appear to be 2000% larger than it really is? submitted by cryptosecurities to Buttcoin [link] [comments]

Got an e-mail today asking me to accept new terms of service by signing in to my Bitcoin exchange. It had a link to fake website. I just wanted to remind everyone to never click on links in an e-mail unless your absolutely sure what it's for.

submitted by StoneHammers to Bitcoin [link] [comments]

@techreview: Most read of 2019: Around 95% of all Bitcoin trading volume has been faked by exchanges, a crypto-asset management firm has reported to US financial regulators. https://t.co/j6rMlHvAfa

submitted by -en- to newsbotbot [link] [comments]

Executives of Korean bitcoin exchanges UpBit and Komid charged with faking hundreds of billions of USD in trading volume

In separate trials, executives of the UpBit and Komid exchanges were recently charged with creating millions of fake transactions on their own exchanges to pump up trade volumes.
UpBit executives were charged on Dec/2018 with creating more than 200 billion USD of fake volume, in an attempt to defraud traders and investors.
Two Komid executives have just been sentenced to 2 and 3 years in jail, respectively, for the same kind of fraud.
submitted by jstolfi to Buttcoin [link] [comments]

Darkside of The Exchange. Fake Volume, Wash Trades. Who Can You Trust? BlTCOIN, WEATHLY BUYERS ARE ROBBING THE FAKE EXCHANGES ... Bitcoin Exchange Exposed! Fake Volume and Price ... Fake Volume on Crypto Exchanges? Who does it and why? Bitcoin's True Value, Fake Crypto Exchange Volume, & Massive Adoption News

4 years ago Cindy23. you may be seeing transaction volume as a metric when choosing bitcoin exchanges. But bitcoin insiders reveal that it is an open secret that exchanges generate fake transactions to make themselves look better. this could be devastating for bitcoin newbies like me. Fake Exchanges. As bitcoin has become more popular, more people have sought to acquire it. Unfortunately, nefarious people have taken advantage of this and have been known to set up fake bitcoin exchanges. These fake exchanges may trick users by offering extremely competitive market prices that lull them into thinking they're getting a steal, with quick and easy access to some cheap bitcoin ... Fake Bitcoin Exchanges. Often on social media you’ll see a link saying something like “Buy bitcoin for 5% under market value. Save big!” This is a marketing trick to get you to visit and use ... Bitcoin Scam 1: Fake Bitcoin Exchanges . In 2017, South Korean financial authorities and the local Bitcoin community exposed one of the most insidious Bitcoin scams: a fake exchange called BitKRX. It presented itself as part of the largest trading platform in the country and took people’s money. To avoid this type of Bitcoin fraud, stick with popular, well-known Bitcoin exchanges and forums ... Another thing to look out for are fake exchanges that offer selling Bitcoin for visitors. On these sites you'll see a web form to enter your email and amount you would like to sell. After submitting, you will be presented with a QR code to assign it to your bitcoin. But the money never reach. 2. Fake Bitcoin Wallets : Spotting fake Bitcoin wallets is teadious, because wallets primarily are for ...

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Darkside of The Exchange. Fake Volume, Wash Trades. Who Can You Trust?

The majority of Bitcoin Trading volume is Wash Trading or Fake Volume. This affects not only projects who are forced to spend hundreds of thousands on listing fees but also the blockchain space as ... Hotbit bitcoin exchange exposed faking volume and not even trying to hide it Educate yourself on how to trade Bitcoin correctly, just like I have done. If you take all 3 levels, the last level is jaw-dropping, as you will learn how to buy stocks for free. Get a $50 ... BITCOIN BEN PATREON https://www.patreon.com/bitcoinben IVAN ON TECH ACADEMY https://academy.ivanontech.com/a/17936/9AamnQE6 https://hodlit.app.link/referral?... Fake volumes, wash trades, bots….OH MY! The darkside of crypto exchanges. No one likes to talk about it, but a massive percentage of cryptocurrency exchanges are manipulating the markets and ...

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