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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.

Latest fake Elon Musk crypto giveaway scam costs man $550,000 in BTC

Latest fake Elon Musk crypto giveaway scam costs man $550,000 in BTC

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The latest Bitcoin giveaway scam to pop up on Twitter has claimed a massive victim last month, with a German...
yearn finance scam

How this scammer “accidentally” sent $200k to Yearn.finance (YFI) founder Andre Cronje

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In my time analyzing Ethereum addresses over the past few weeks, I’ve noticed an interesting trend: prominent funds such as Polychain Capital and prominent...

Counterargument: why China seizing $3.2B in Bitcoin and Ethereum isn’t a big deal

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According to a report from CoinDesk, the Chinese government has seized $4.2 billion worth of cryptocurrencies. Among them is 194,775 BTC, worth $3.2 billion....
Bitcoin allure has darknet markets jumping to record highs (and scams)

Bitcoin allure has darknet markets jumping to record highs (and scams)

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Darknet marketplaces and their operators have been the focus of authorities since the last decade. But the rise of cryptocurrencies has seemingly borne well...
Kate Winslet to act in Hollywood flick showing $4 billion Ethereum scam OneCoin

Kate Winslet to act in Hollywood flick showing $4 billion Ethereum scam OneCoin

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Kate Winslet is scheduled to star in an upcoming Hollywood movie chronicling the rise and fall of OneCoin, a notorious Ethereum-based Ponzi scheme...
Screengrab of the messages sent in the FEW group

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

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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...

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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

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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

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Twitter has been ablaze over the past two hours as notable accounts within and outside of the crypto space have tweeted suspicious messages.It...
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