Tag: Scam

Bitcoin Murder Scam FBI

Beware of the Bitcoin Murder Scam. FBI Reports a Surge

When it comes to scams on the Blockchain, we have seen them all. From ridiculous money making schemes to subtle phishing attacks, fraudsters have found ways to get their hands on your hard earned Bitcoin. However, there is something that...

/ January 27, 2018
IOTA Seed Generator Scam Site

IOTA Under Fire For Reliance on User Seed Generation

IOTA has been making news recently as it has chalked up impressive partnership deals with partners including Bosch in Germany. However, it is now been attacked on social media and by a number of users because of a particular issue...

/ January 23, 2018
BitconnectX Scam

BitconnectX: Bitconnect’s attempt to Scam Investors Through ICO

During the cryptocurrency market crash this week, we saw one of the most well-known and longest running ponzi crytpocurrencies eventually closing its doors. Many people thought it was only a matter of time before Bitconnect would collapse and in its...

/ January 20, 2018
Antminer Scam Advertising on Facebook

Antminer Scam Advertising on Facebook: What to Watch out For

Everyone is trying to get their hands on the latest Antminer S9 ASIC from Bitmain. This is something that has also not escaped the attention of various online scammers. One that is making the rounds on Facebook appears to offer...

/ January 18, 2018
Review of Bitpays.biz Ponzi Scheme

Review of Bitpays.biz: Ponzi Scheme Returns over 350% Per Hour

What would you say if a website told you it could make you rich in just a few hours? Would you believe it? The answer from any sane person would obviously be no. Anything short of winning the lottery would...

/ January 16, 2018
Ledger Theft Returned

Ebay Ledger Thief Has a Change of Heart – Seed Words Still Missing

Last week we brought you the story about the unfortunate user who was scammed by a fraudulent ledger. The user had bought the ledger from a third party vendor on Ebay not knowing that it had been pre-configured. Now, according...

/ January 11, 2018
Ledger Nano Ebay Scam

Are Fraudulent Ledger Hardware Wallets Being Sold on Ebay?

Many cryptocurrency users know of the benefits of cold storage on a hardware wallet. They know that this is one of the most convenient ways in order to store your coins in an offline environment. However, when you are purchasing...

/ January 6, 2018
John McAfee Pumping Altcoins

John McAfee: Bringing Attention, or Pumping Altcoins Irresponsibly?

John McAfee is infamous for … well, lots of reasons. And he’s been doing nothing to change that as of late with his increased involvement in the cryptocurrency space. That’s because McAfee has been causing quite the stir in the...

/ December 26, 2017
Nigerian Central Bank Warns of Crypto

Nigerian Central Bank Warns of Cryptocurrency “Risks”. Ironic?

In a country that is synonymous with internet and mail scams, it is quite surprising to see that the Nigerian Deposit Insurance Corporation (NDIC) has warned its citizens about the danger of trading cryptocurrencies. Indeed it is also quite ironic...

/ November 29, 2017
Bitcy.biz Ponzi Scheme

Bitcy.biz: The Latest Ponzi Scheme to Target Bitcoin Users

You’ve probably heard the phrase Ponzi scheme or HYIP (high yield investment plan) scam before. In simple terms, this kind of scam works on the following basic principles: 1. It offers unrealistic returns, usually doubling or tripling investments in a...

/ November 28, 2017