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Different types of scam and fraud

Posted: December 17th, 2017, 10:26 am
by Amily
Let's discuss the types of fraud in the Bitcoin ecosystem =) There will always be someone who wants to steal your money, so I think many of you want to be protected.

Forewarned is forearmed.

I also wonder how to increase your chances of earning cryptocurrency and without losing your funds?

Re: Different types of scam and fraud

Posted: December 21st, 2017, 3:46 am
by michDo
If there is money, there will always be someone who wants to steal them.
The last year has given Bitcoin A COLOSSAL amount of money. Thus, scammers of different types appeared.

Here are some advices for you:
  • Be careful when visiting wallet (especially myetherwallet) because there are a lot of phishers out there.
  • Keep you private key safe and do not give anyone.
  • Remember, that Bitcoin transactions are irreversible.
  • If someone promises to give something for free, he is scammer (works in real life too).
  • Do not hold BTC in online wallets. Use light wallets, Trezor and the Bitcoin Core wallet.

Re: Different types of scam and fraud

Posted: December 22nd, 2017, 4:07 am
by Linda
Wow great answer, @michDo. Thank you.
Btw, one of the most common vexations at the moment is using your PC to mine without your awareness. Hackers want to infect as many computers as possible and create a huge network of mining users.
I still do not understand exactly how to protect myself from this. Is it an operating system problem of a browser problem or both?

Re: Different types of scam and fraud

Posted: December 25th, 2017, 3:48 pm
by RouletteSensei
Ok, here's the list of type of scammers I found so far in 4 yrs in the crypto world:

[*]Who forces you to let them gamble your funds in exchange of profit
[*]Phishing links where they promise too much goodness( Example: go here to gain 1 btc for free due a glitch in the system)
[*]People that threats you via email for btc, telling you they will hack the shift out of you if you don't pay x amount.
[*]Who call themselves with a nick of somebody well known and ask you for btc favours
[*]Loans without a backup in countervalue it's strictly to avoid.

Re: Different types of scam and fraud

Posted: December 28th, 2017, 6:00 am
by Linda
RouletteSensei wrote:
December 25th, 2017, 3:48 pm
Ok, here's the list of type of scammers I found so far in 4 yrs in the crypto world:

[*]Who forces you to let them gamble your funds in exchange of profit
[*]Phishing links where they promise too much goodness( Example: go here to gain 1 btc for free due a glitch in the system)
[*]People that threats you via email for btc, telling you they will hack the shift out of you if you don't pay x amount.
[*]Who call themselves with a nick of somebody well known and ask you for btc favours
[*]Loans without a backup in countervalue it's strictly to avoid.

4 years?! Wow, that is impresive! You must be very rich :D

Re: Different types of scam and fraud

Posted: February 14th, 2018, 7:58 am
by Votaxeb
The best way is to look for projects with a decent website, a meaningful white paper and a reliable team.

Re: Different types of scam and fraud

Posted: July 8th, 2018, 10:14 pm
by Iamabright
Votaxeb wrote:
February 14th, 2018, 7:58 am
The best way is to look for projects with a decent website, a meaningful white paper and a reliable team.
There is always a need for users to be more vigilant in all their online transactions. As what i've read in a recent article, as crypto and ICO industry rise, so the tricks of the scammers are continuously evolving as well. Be extra discerning to know what is true and fake.

Re: Different types of scam and fraud

Posted: July 8th, 2018, 10:23 pm
by AppleJ0000
Iamabright wrote:
July 8th, 2018, 10:14 pm
Votaxeb wrote:
February 14th, 2018, 7:58 am
The best way is to look for projects with a decent website, a meaningful white paper and a reliable team.
There is always a need for users to be more vigilant in all their online transactions. As what i've read in a recent article, as crypto and ICO industry rise, so the tricks of the scammers are continuously evolving as well. Be extra discerning to know what is true and fake.
I think one of the promising projects I can recommend is MyShield. Has anyone heard of it? This is one that focuses on the fight against online scams which I think is very relevant for all crypto users. As we are discussing about different types of scams and fraud, I think it's high time users prioritize the need for greater and improved online presence. Many are wary now in making their next crypto investment simply because of fear of being scammed. This project is a good one to look at. Here's an interesting read about it: https://www.forbes.com/sites/montymunfo ... 861f2c23b7

Re: Different types of scam and fraud

Posted: July 9th, 2018, 8:22 pm
by Iamabright
AppleJ0000 wrote:
July 8th, 2018, 10:23 pm

I think one of the promising projects I can recommend is MyShield. Has anyone heard of it? This is one that focuses on the fight against online scams which I think is very relevant for all crypto users. As we are discussing about different types of scams and fraud, I think it's high time users prioritize the need for greater and improved online presence. Many are wary now in making their next crypto investment simply because of fear of being scammed. This project is a good one to look at. Here's an interesting read about it: https://www.forbes.com/sites/montymunfo ... 861f2c23b7
Yeah I've heard about MyShield. A friend's been posting about it, think she's with the bounty program of it. It kinda interest me, as it mentioned about combining AI and crowd wisdom to fight scams? I think it's a big technology. Thanks for the article you shared. Got good insights. Is there any link to check more details about this anti fraud platform?

Re: Different types of scam and fraud

Posted: July 9th, 2018, 8:28 pm
by AppleJ0000
Hi Iamabright. You can read more about it from the website myshield.com. The platform would alert the users whenever they reach a phishing website, and also provides validation for your crypto transactions. it's totally different from anti spam nor anti virus as this fights our existing problem with online scams or fraud. Im a supporter of this project mainly because i see that this is what our space needs now, protection and security and this is the only project so far that ive heard, that attempts to solve this problem.