- Potential $90,000 Bitcoin fraud - Canada Police Report
- Bitcoin is the greatest scam in history - Vox
- Warning poster foils $90K Bitcoin scam in Red Deer, RCMP
Potential $90,000 Bitcoin fraud - Canada Police Report
However, there have been several legitimate bitcoin scams that have become infamous, and you need to know about them - but, what are the top 7 bitcoin scams? And how can you avoid them?
Bitcoin is the greatest scam in history - Vox
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Warning poster foils $90K Bitcoin scam in Red Deer, RCMP
While stackin&apos penny stocks may sound like an appealing way to earn an extra buck (thanks to its glamorization by Jordan Belfort ), messing in bitcoin scams is nothing to smirk at.
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Getting your deposit could be difficult especially if your communication is only limited online. What I can suggest is for you to check the terms and conditions of the seller of the bitcoin. Check whether they have specified in their website how you can obtain your initial deposit. Generally, once you have made a purchase, you won 8767 t be able to get back your money. What you can do is simply sell the bitcoin you purchased so you can at least get your money.
Several organizations have scammed people out of millions with Ponzi schemes using bitcoins, including South Korean website MiningMax. The site, which was not registered with the . Securities and Exchange Commission, promised to provide investors with daily ROI&apos s in exchange for an original investment and commission from getting others to invest (basically, a Ponzi scheme). Apparently, the site was asking people to invest $8,755 for daily ROI&apos s over two years, and a $755 referral commission for every personally recruited investor, reports claim.
You’re about to be arrested for tax fraud or deported from the country—unless you head immediately to a Bitcoin ATM and pay a fine or fee.
According to CNN, the bitcoin gold (BTG) wallet duped investors out of $ million in 7567 by promising to allow them to claim their bitcoin gold. The website allegedly used links on a legitimate website (Bitcoin Gold) to get investors to share their private keys or seeds with the scam, as this old screenshot from the website shows.
“In the past, [the scammers] would ask people to send wire transfers or to buy iTunes cards,” Det. Sgt. Ian Nichol with the Toronto Police Service’s Financial Crimes Unit told . “People would take the number off the card and then send it to the person involved, and it would find its way onto a website where it would be sold for profit.”