Bitcoin Scams – Ƀitsell X

Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe

July 14, 2024

North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and…
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UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

November 11, 2023

According to the bank, potential cryptocurrency investors usually make an average of three payments before recognizing they’ve fallen victim to a scam. One of the Big Four banks in the United Kingdom, Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the…
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Navigating the World of Crypto: Tips for Avoiding Scams

January 15, 2023

From “pig butchering” to phishing, there are myriad ways that scammers try to take advantage of crypto users. Despite the belief of many crypto enthusiasts that centralized exchanges (CEXs) are safer, history has often shown them to be rather vulnerable to attacks. Because these exchanges centralize the storage of users’ assets, they can be attractive…
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Happy Halloween: The five spookiest stories in crypto in 2022

October 31, 2022

This Halloween, we pay tribute to the crypto investors and businesses that fought through the various financial and technological nightmares that occurred in 2022. After over 13 years of ups and downs, this year stands out for having the most turbulent bear market in the history of crypto. Owing to a mix of factors —…
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US State Issues Order Freezing Crypto at Exchanges in Pig Butchering Scam Crackdown

October 1, 2022

The Delaware Department of Justice’s Investor Protection Unit has issued a cease and desist order against 23 entities and individuals involved in a popular cryptocurrency scam known as “pig butchering.” The order also freezes the accounts allegedly holding cryptocurrencies belonging to the victims. Delaware Cracks Down on Pig Butchering Crypto Scam The attorney general of…
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Florida govt warns against auto warranty scammers asking crypto payments

September 11, 2022

Regardless of the methods used by scammers to contact potential victims, the FDACS newsletter highlighted five red flags that can help citizens identify and evade possible scams. The Florida Department of Agriculture and Consumer Services (FDACS) issued a warning sharing insights into identifying robocall scam marketing auto warranties, which includes being asked to pay for…
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US Regulator: Investors Reported Losing Over $1 Billion in Crypto to Scams Since 2021

June 5, 2022

The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency to scams since the beginning of last year. FTC Says Scammers Stole Over $1 Billion in Crypto The U.S. Federal Trade Commission published a “Data Spotlight” report on crypto scams Friday. The FTC is…
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Bitcoin veteran tricks crypto scammer into learning Lightning

March 24, 2022

A Bitcoiner called Felix Crisan outfoxed a crypto scammer, getting them to set up a Bitcoin Lightning Wallet before putting them in their place. There’s poetic justice to scammers getting beat at their own game. A cryptocurrency scammer met their match when trying to trick Bitcoiner Felix Crisan into sending them Tether (USDT). The scammer…
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Bitcoin stealing malware: Bitter reminder for crypto users to stay vigilant

March 15, 2022

A Bitcoin user was tricked into sending 0.255 Bitcoin to the wrong address due to Malware running on their computer. An unfortunate Bitcoin (BTC) user was duped out of 0.255 BTC, almost $10,000, due to malware running on their computer. Louis Nel, a tech blogger and crypto enthusiast, flagged the issue on Twitter, referring to…
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Are crypto and blockchain safe for kids, or should greater measures be put in place?

February 27, 2022

Age verification and educations around the implications of blockchain technology should be enforced for minors dabbling in the crypto space. Crypto is going mainstream, and the world’s younger generation, in particular, is taking note. Cryptocurrency exchange Crypto.com recently predicted that crypto users worldwide could reach 1 billion by the end of 2022. Further findings show…
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Tag: Bitcoin Scams