coinpayu
Home NEWS Scams

Scams

Cryptocurrency | Bitcoin Scams Alert
A scam is a way to steal money from people under false pretenses. The main feature of a Bitcoin scam, compared with other ways of stealing money, is that it usually takes advantage of people’s trust and negligence. Currently, the cryptocurrency market is not regulated enough to protect people from scams, so that is why it is such a common thing among users of digital currencies. Since many people try to earn money by investing in new projects that are related to cryptocurrency, ICOs are one of the most popular ways to commit fraud. Besides that, some emerging cryptocoins use a financial pyramid system. In addition, to avoid scams, it is better to use a verified exchange or trading platform.

Screengrab of the messages sent in the FEW group

The short and sad story of $FEW, an unsuccessful attempt to recreate $MEME

0
A group of around 50 crypto influencers was busted in an unsuccessful attempt to pump $FEW after screenshots of their closed Telegram group surfaced...
Trader fears $200m in Ethereum collected by a new crypto Ponzi could cause a "disaster"

Trader fears $200m in Ethereum collected by a new crypto Ponzi could cause a...

0
In 2019, one of the biggest narratives in the crypto market was the PlusToken pyramid scheme. For those unaware, PlusToken was a Bitcoin wallet...
Google busts firm running a $1.2 million Bitcoin scam

Google busts firm running a $1.2 million Bitcoin scam

0
Photo by Lindsey LaMont on UnsplashTech giant Google rescinded the license of a Philippines business running a scam involving Bitcoin and gift cards...
Twitter pages of Kanye West, Elon Musk, Jeff Bezos, and Apple share Bitcoin scam

Twitter pages of Kanye West, Elon Musk, Jeff Bezos, and Apple share Bitcoin scam

0
Twitter has been ablaze over the past two hours as notable accounts within and outside of the crypto space have tweeted suspicious messages.It...
Cardano (ADA) founder Charles Hoskinson blasts YouTube over crypto scams

Cardano (ADA) founder Charles Hoskinson blasts YouTube over crypto scams

0
Crypto Market Trade scams are a recurring aspect of the market. They go back to 2013, were accelerated in 2017, and have been ever-present...
Texas authorities crackdown on Bitcoin MLM scheme spanning 170 countries

Texas authorities crackdown on Bitcoin MLM scheme spanning 170 countries

0
Texas commissioners cracked down on an alleged Bitcoin scheme spread over 170 countries and 76,000 members.The now-busted entity promised 20 percent profits each month...
Etherscan

There are Ethereum scammers attempting to impersonate top DeFi projects

0
As Bitcoin has stalled over recent weeks, decentralized finance has ripped higher. DeFi, as it’s better known, is currently one of the only segments...
ajax-loader

We would like to keep you updated with special notifications.