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Category Archives: Crypto Scams

REALIST NEWS – TWICE now USI-TECH lied about Mining Partner (Bitfury & now Genesis Mining)

REALIST NEWS – TWICE now USI-TECH lied about Mining Partner (Bitfury & now Genesis Mining)

Source: jsnip4

REALIST NEWS – USI-TECH Mining Equipment SCAM VIDEO it belongs to Genesis Mining

REALIST NEWS – USI-TECH Mining Equipment SCAM VIDEO it belongs to Genesis Mining

Source: jsnip4

Scam Alert: USI-Tech and Laser Online

Scam Alert: USI-Tech and Laser Online

Source: jsnip4

Scams In the Crypto Space

By Anabel Cooper 

Are you trying to avoid cryptocurrency scams? If so the best option for you would be to stay at home and not to play with your hard earned money. However, if you are determined to invest in the world of cryptocurrency which is full of risks you should be aware there are a few common scams out there which you should be careful about.

Scams are always shady and when you get caught you are going to be hit hard. Given below are some common scams with information about how you can avoid getting trapped in them.

Shady Exchanges

The popularity of Bitcoin and V of other types have witnessed a huge rise in exchanges dealing in cryptocurrency. They are all looking to grab your attention along with the transaction fees that you will be liable to pay when they handle your purchases. If you are a fresh entrant into the market of cryptocurrency it is unlikely that you may have heard about Mount Gox which was an early exchange dealing in cryptocurrencies and was accounting for nearly 70% of the total cryptocurrency transactions throughout the globe. Mount Gox was suspended from trading in February 2014 when it was disclosed that nearly 850,000 Bitcoins had been stolen and were worth $450 million at that time. About 200,000 of the stolen Bitcoins were recovered and returned to some users but the point we are trying to make is that it is difficult to trust people in the digital world simply because you don’t have the ability to audit or verify what is happening behind the scenes.

Pyramid And Ponzi Schemes

A Mumbai based company named OneCoin was delivering a sales pitch to a group of investors in the spring of 2017. Officers from the Indian enforcement directorate raided the meeting and eventually jailed 18 representatives of OneCoin for operating a cryptocurrency Ponzi scheme. Investors had been duped by a combination of enthusiastic selling along with plenty of positive media coverage giving information about the project and the rising prices of cryptocurrencies. A number of people lost a huge sum of money simply because they weren’t able to comprehend the information created by the scam artists that for using jargon and technology which had not been heard of by most people. It was perhaps fortunate that the officials from the enforcement directorate were able to raid the meeting because the representatives of onecoin had already moved out $350 million with the help of a payment processor.

Pump and Dump

Crypto Currency has been described as a scam by a number of prominent financial experts while some have even compared Bitcoin’s to investments in gold. Many financial experts still hold the view that the market for cryptocurrencies is just a haven for speculators and is ripe for pumping and dumping. Bitcoin presently has a market capitalization of over $70 billion and it can be extremely difficult directly to manipulate the prices. However smaller altcoins which have also been used are vulnerable to the standard pump and dump tactics. Altcoins have now replaced penny stocks with a technological edge and several groups are in the market to promote altcoins as best possible by them.

The thrill of making some quick money can be exciting for a newcomer in the market of cryptocurrencies. However, they are required to understand that the market is still unregulated and unless people are careful about the type of cryptocurrencies they decide to invest in they are likely to get into trouble with government agencies and end up in jail just as the representatives of OneCoin realized after they were raided. Extreme caution needs to be exercised by people who decide to invest in crypto space because of the proliferance of scams.

Laser.Online – Just another scam, DON’T INVEST

Laser.Online – Just another scam, DON’T INVEST

Source: CryptoTom

Realist News Update: Is Bitconnect A Scam? Yes – Clif High: (Get the F*** Out Asap)

Realist News Update: Is Bitconnect A Scam? Yes – Clif High: (Get the F*** Out Asap)

Source: jsnip4

Crypto Blood Update: “SegWit2x Called Off! + My Thoughts on BitConnect Comments”

Crypto Blood Update: “SegWit2x Called Off! + My Thoughts on BitConnect Comments”

Source: Crypto Blood

SALT Lending Phishing Scam Alert

Update received from SALT Lending

Dear SALT Members,

Security Update

It has come to our attention that there is currently a phishing scam circulating. Please avoid any website and twitter account claiming a SALT airdrop promotion. Our security team is addressing the issue.

Thank you,

The SALT Team

Crypto Blood Update: Bitconnect and Estonia’s E-Residency Program Hits Another Roadblock

Crypto Blood Update: Bitconnect and Estonia’s E-Residency Program Hits Another Roadblock

Source: Crypto Blood

REALIST NEWS Update: Is Bitconnect A Scam? ABSOLUTELY! – Look at their Terms & Conditions for God’s Sakes!

REALIST NEWS Update: Is Bitconnect A Scam? ABSOLUTELY! – Look at their Terms & Conditions for God’s Sakes!

Source: jsnip4