scams
760,629 views
272 Posts
Hot
Latest
What are the biggest cryptocurrency scams in history?
Some of the biggest crypto scams in history include the OneCoin scam (estimated $25 billion in losses), the BitConnect scam (approximately $4 billion in losses), and the Bitclub Network scam (up to $722 million in losses). Toward the end of 2022, Samuel Bankman-Fried was also charged due to fraud allegations at FTX Trading Ltd. (FTX), with customer losses at more than $8 billion.$XRP $BTC $SOL #scams #BTC #sol
Some of the biggest crypto scams in history include the OneCoin scam (estimated $25 billion in losses), the BitConnect scam (approximately $4 billion in losses), and the Bitclub Network scam (up to $722 million in losses). Toward the end of 2022, Samuel Bankman-Fried was also charged due to fraud allegations at FTX Trading Ltd. (FTX), with customer losses at more than $8 billion.$XRP $BTC $SOL #scams #BTC #sol
In June 2023, TechBullion highlighted the pivotal role of DOER.Market in enhancing the security of #cryptocurrency transactions through its article "Securing Crypto Transactions: The Significance of #Escrow and Doer.Market."
The piece delves into the challenges faced by the crypto industry, primarily focusing on the irreversible nature of transactions and the anonymity of parties, which have unfortunately led to a rise in scams and security concerns. With a staggering $1 billion lost to cryptocurrency#scams between 2021 and 2022, as reported by the Federal Trade Commission (FTC), the need for a secure transactional framework has become more crucial than ever.
#DOERMarket addresses these concerns by introducing an escrow service model within its marketplace. This model acts as a trusted intermediary, holding funds until both parties fulfill their transactional obligations, thereby mitigating the risk of fraud and building trust. The escrow service offers protection against fraudulent transactions, ensures timely payments, and provides a vital dispute resolution mechanism, crucial in an industry characterized by complex transactions.
Beyond its escrow services, DOER.Market also serves as a specialized platform for crypto professionals, offering a variety of services including web development, marketing, and more. This not only aids professionals in expanding their business but also assists companies in reaching wider audiences, building trust, and establishing credibility in the crypto market. The article underscores DOER.Market's significant contribution to overcoming the inherent security challenges of the cryptocurrency sector, marking it as a game-changer in securing #crypto transactions.
Read Article: https://techbullion.com/securing-crypto-transactions-the-significance-of-escrow-and-doer-market/
The piece delves into the challenges faced by the crypto industry, primarily focusing on the irreversible nature of transactions and the anonymity of parties, which have unfortunately led to a rise in scams and security concerns. With a staggering $1 billion lost to cryptocurrency#scams between 2021 and 2022, as reported by the Federal Trade Commission (FTC), the need for a secure transactional framework has become more crucial than ever.
#DOERMarket addresses these concerns by introducing an escrow service model within its marketplace. This model acts as a trusted intermediary, holding funds until both parties fulfill their transactional obligations, thereby mitigating the risk of fraud and building trust. The escrow service offers protection against fraudulent transactions, ensures timely payments, and provides a vital dispute resolution mechanism, crucial in an industry characterized by complex transactions.
Beyond its escrow services, DOER.Market also serves as a specialized platform for crypto professionals, offering a variety of services including web development, marketing, and more. This not only aids professionals in expanding their business but also assists companies in reaching wider audiences, building trust, and establishing credibility in the crypto market. The article underscores DOER.Market's significant contribution to overcoming the inherent security challenges of the cryptocurrency sector, marking it as a game-changer in securing #crypto transactions.
Read Article: https://techbullion.com/securing-crypto-transactions-the-significance-of-escrow-and-doer-market/
Giveaway scams
This type of scam promises you free money or another type of prize if you fall in line with whatever they want you to do. Many scammers pose as celebrities or influencers in order to lure in new victims who don't know better, and it can be hard to determine what's actually real.
As an example, crypto scammers constantly try to impersonate Elon Musk over social media and video in order to get people to send in digital assets. An Elon Musk "Freedom Giveaway" crypto scam that took place on Twitter even promised free crypto to the first 1,000 new followers who signed up, but the whole thing was a sham$BTC $ETH $BNB #BTC #scams #BTC #sol #sui
This type of scam promises you free money or another type of prize if you fall in line with whatever they want you to do. Many scammers pose as celebrities or influencers in order to lure in new victims who don't know better, and it can be hard to determine what's actually real.
As an example, crypto scammers constantly try to impersonate Elon Musk over social media and video in order to get people to send in digital assets. An Elon Musk "Freedom Giveaway" crypto scam that took place on Twitter even promised free crypto to the first 1,000 new followers who signed up, but the whole thing was a sham$BTC $ETH $BNB #BTC #scams #BTC #sol #sui
🔐 Shop with confidence at Doer Market, your escrow-powered platform for buying Web 3.0 services with #cryptocurrencies! 🚀
With our secure transactions, you can confidently invest in the services you need without the fear of #scams .
#DoerMarket #Web3 🛡️💰 #BNBecosystem
With our secure transactions, you can confidently invest in the services you need without the fear of #scams .
#DoerMarket #Web3 🛡️💰 #BNBecosystem
I've seen a lot of scam attempts on square.
I really don't understand how Binance allows this kinds of posts .
Anyway stay safe guys, if something is too good to be true it probably is.
Don't fall for all the airdrop bullshit
#Write2Earn #TrendingTopic #scams
I really don't understand how Binance allows this kinds of posts .
Anyway stay safe guys, if something is too good to be true it probably is.
Don't fall for all the airdrop bullshit
#Write2Earn #TrendingTopic #scams
How to spot a crypto scam
When it comes to crypto scams, there are quite a few telltale signs that let you know you're about to be duped. Watch out for the following:
Anything that seems too good to be true:
If you encounter any crypto offer that seems so good it can't possibly be true, your instincts are likely spot on. Nobody is going to offer you free crypto for doing practically nothing, and a little research can help you spot big claims that aren't backed up by any data.
"Pay to play" job postings:
You should never have to pay a fee to do a job or secure a position in the crypto industry. If someone makes you a job offer that requires upfront payment, you should run.
Promises of guaranteed returns:
Nobody can promise guaranteed investment returns, and that's just as true in the crypto industry as it is with traditional financial investments.
Unexpected communications: If you get an email, a phone call or a text from someone that wants you to log into a crypto account, send in crypto to resolve an issue or get involved in a business opportunity, you should promptly ignore it.$BTC $SOL $SHIB #scams #binance #TrendingTopic #BTC #sol
When it comes to crypto scams, there are quite a few telltale signs that let you know you're about to be duped. Watch out for the following:
Anything that seems too good to be true:
If you encounter any crypto offer that seems so good it can't possibly be true, your instincts are likely spot on. Nobody is going to offer you free crypto for doing practically nothing, and a little research can help you spot big claims that aren't backed up by any data.
"Pay to play" job postings:
You should never have to pay a fee to do a job or secure a position in the crypto industry. If someone makes you a job offer that requires upfront payment, you should run.
Promises of guaranteed returns:
Nobody can promise guaranteed investment returns, and that's just as true in the crypto industry as it is with traditional financial investments.
Unexpected communications: If you get an email, a phone call or a text from someone that wants you to log into a crypto account, send in crypto to resolve an issue or get involved in a business opportunity, you should promptly ignore it.$BTC $SOL $SHIB #scams #binance #TrendingTopic #BTC #sol
Can you get scammed if someone sends you crypto?
You can absolutely get scammed if someone sends you crypto, but the scam can take on many different forms. For example, someone might send you crypto with the goal of gaining your trust, only to get you to send them back more crypto in return.$BTC $SOL #sui #ALT #BTC #sol #scams
You can absolutely get scammed if someone sends you crypto, but the scam can take on many different forms. For example, someone might send you crypto with the goal of gaining your trust, only to get you to send them back more crypto in return.$BTC $SOL #sui #ALT #BTC #sol #scams
During the first few months of its bankruptcy proceedings, FTX and its linked entities racked up more than $20 million in legal and consulting fees.
#ftx #crypto2023 #scams
#ftx #crypto2023 #scams
Sam Bankman-Fried faces new criminal charges including conspiracy to commit bank fraud
🔥🔥🔥
#ftxcollapse #Web3 #scams #sambankman #crypto2023
🔥🔥🔥
#ftxcollapse #Web3 #scams #sambankman #crypto2023
Australian residents have been identified as the primary targets of a sophisticated network of cryptocurrency call-center scammers suspected to be run by Israel-based crime bosses.
#crypto2023 #cryptoinvestor #Binance #scams #dyor
#crypto2023 #cryptoinvestor #Binance #scams #dyor
Think Smart, Learn Blockchain Before Investing in it?
Blockchain technology has been the buzzword for a few years now, and its impact has been felt in various industries ranging from finance, healthcare, supply chain management, to voting systems. It is the backbone of cryptocurrencies such as #bitcoin and #Ethereum and its potential applications are limitless. With the growth of the blockchain industry and the increasing number of blockchain-based startups, investing in blockchain technology has become a hot topic. However, before investing in blockchain, it is essential to understand the technology behind it and how it works. In this article, we will discuss why it is important to think smart and learn blockchain before investing in it.
What is #blockchain technology?
Blockchain technology is a decentralized, digital ledger that records transactions in a secure and transparent manner. It is a distributed ledger that is maintained by a network of computers rather than a central authority. Each block in the blockchain contains a set of transactions, and once added to the blockchain, it cannot be altered or deleted. This makes the blockchain tamper-proof and secure.
Why is it important to learn blockchain before investing in it?
Understanding the technology
Blockchain technology is complex, and it is essential to understand how it works before investing in it. Learning blockchain technology will help you understand how transactions are recorded, verified, and validated on the blockchain. You will also understand the difference between public and private blockchains, smart contracts, and consensus mechanisms. With this knowledge, you will be able to make informed decisions on the blockchain projects you choose to invest in.
Identifying potential use cases
Blockchain technology has the potential to disrupt several industries, and understanding the technology will help you identify potential use cases. With this knowledge, you can invest in blockchain-based startups that are solving real-world problems, creating new business models, and driving innovation.
Risk management
Investing in blockchain technology comes with risks, just like any other investment. Learning blockchain technology will help you understand the risks associated with investing in blockchain-based projects. You will understand the risks associated with cryptocurrencies, such as volatility and regulatory risks. You will also be able to identify potential #scams and fraudulent projects and avoid them.
Keeping up with the market
The blockchain industry is fast-moving, and new projects are launched every day. #LearningIsImportant blockchain technology will help you keep up with the market trends and understand the latest developments in the industry. You will be able to identify promising projects and invest in them before they become mainstream.
Conclusion
Investing in blockchain technology can be a rewarding experience, but it is important to think smart and learn blockchain before investing in it. Understanding the technology behind blockchain will help you make informed decisions, identify potential use cases, manage risks, and keep up with the market trends. With this knowledge, you will be able to invest in blockchain-based projects that have the potential to disrupt industries, create new business models, and drive innovation.
What is #blockchain technology?
Blockchain technology is a decentralized, digital ledger that records transactions in a secure and transparent manner. It is a distributed ledger that is maintained by a network of computers rather than a central authority. Each block in the blockchain contains a set of transactions, and once added to the blockchain, it cannot be altered or deleted. This makes the blockchain tamper-proof and secure.
Why is it important to learn blockchain before investing in it?
Understanding the technology
Blockchain technology is complex, and it is essential to understand how it works before investing in it. Learning blockchain technology will help you understand how transactions are recorded, verified, and validated on the blockchain. You will also understand the difference between public and private blockchains, smart contracts, and consensus mechanisms. With this knowledge, you will be able to make informed decisions on the blockchain projects you choose to invest in.
Identifying potential use cases
Blockchain technology has the potential to disrupt several industries, and understanding the technology will help you identify potential use cases. With this knowledge, you can invest in blockchain-based startups that are solving real-world problems, creating new business models, and driving innovation.
Risk management
Investing in blockchain technology comes with risks, just like any other investment. Learning blockchain technology will help you understand the risks associated with investing in blockchain-based projects. You will understand the risks associated with cryptocurrencies, such as volatility and regulatory risks. You will also be able to identify potential #scams and fraudulent projects and avoid them.
Keeping up with the market
The blockchain industry is fast-moving, and new projects are launched every day. #LearningIsImportant blockchain technology will help you keep up with the market trends and understand the latest developments in the industry. You will be able to identify promising projects and invest in them before they become mainstream.
Conclusion
Investing in blockchain technology can be a rewarding experience, but it is important to think smart and learn blockchain before investing in it. Understanding the technology behind blockchain will help you make informed decisions, identify potential use cases, manage risks, and keep up with the market trends. With this knowledge, you will be able to invest in blockchain-based projects that have the potential to disrupt industries, create new business models, and drive innovation.
There are at least 4 red flags 🚩 that helps identify this tweet as #scams
Can you list all of them below? 💬👇
Can you list all of them below? 💬👇
Nearly 118,000 scam tokens were deployed from the start of January through the end of November, according to blockchain risk monitoring firm Solidus.
#Binance #scamcoins #crypto #scams #cryptoonindia
#Binance #scamcoins #crypto #scams #cryptoonindia
How to save yourself from #crypto #scams ?
Saving yourself from scams is a big task for Crypto newbies and it’s pretty simple. All you have to do is:-
1:- Save your keys 🔑 #notyourkeysnotyourcoins
2:- Do nothing when scammers approach you on social media.
Saving yourself from scams is a big task for Crypto newbies and it’s pretty simple. All you have to do is:-
1:- Save your keys 🔑 #notyourkeysnotyourcoins
2:- Do nothing when scammers approach you on social media.
Alameda Suing Grayscale for $9B+
The FTX Group announced on Monday, March 6th, that it is suing Michael Sonnenshein, the CEO of Grayscale Investments, as well as Barry Silbert and his Digital Currency Group. The release states that FTX's Alameda Research is attempting to recover at least $9 billion that Grayscale has locked up.
Grayscale has violated the Trust agreements by collecting over $1.3 billion in extortionate management fees alone in the last two years.
For years, Grayscale has sheltered behind fabricated justifications to thwart shareholders' attempts to redeem their shares.
The Trusts' shares are currently selling at about a 50% discount to Net Asset Value as a result of Grayscale's activities.
The FTX Debtors' shares would be worth at least $550 million, or almost 90% more than their present value, if Grayscale cut its costs and stopped unjustly impeding redemptions.
FTX debtors are asserting that Grayscale is in violation of Trust Agreements and Fiduciary Responsibility. Also, they want the outrageous fees that, according to a press release, have already made Grayscale $1.3 billion over the last two years reduced. Moreover, John J. Ray's team asserts that the Grayscale Bitcoin Trust's substantial trading disadvantage is the result of the DCG Subsidiary's actions.
Grayscale has allegedly been hiding for years behind fabricated justifications to stop stockholders from redeeming their shares, according to the complaint. Read from the announcement, the current CEO of FTX, John J. Ray III, said that his team;
"continues to use every tool we can to maximize recoveries for FTX customers and creditors, goal is to unlock value that we believe is currently being suppressed by Grayscale's self-dealing and improper redemption ban."
He said that the decision will benefit Grayscale's investors as well as FTX's debtors.
#ftxcollapse #sbf #alamedaresearch #crypto2023 #scams
Grayscale has violated the Trust agreements by collecting over $1.3 billion in extortionate management fees alone in the last two years.
For years, Grayscale has sheltered behind fabricated justifications to thwart shareholders' attempts to redeem their shares.
The Trusts' shares are currently selling at about a 50% discount to Net Asset Value as a result of Grayscale's activities.
The FTX Debtors' shares would be worth at least $550 million, or almost 90% more than their present value, if Grayscale cut its costs and stopped unjustly impeding redemptions.
FTX debtors are asserting that Grayscale is in violation of Trust Agreements and Fiduciary Responsibility. Also, they want the outrageous fees that, according to a press release, have already made Grayscale $1.3 billion over the last two years reduced. Moreover, John J. Ray's team asserts that the Grayscale Bitcoin Trust's substantial trading disadvantage is the result of the DCG Subsidiary's actions.
Grayscale has allegedly been hiding for years behind fabricated justifications to stop stockholders from redeeming their shares, according to the complaint. Read from the announcement, the current CEO of FTX, John J. Ray III, said that his team;
"continues to use every tool we can to maximize recoveries for FTX customers and creditors, goal is to unlock value that we believe is currently being suppressed by Grayscale's self-dealing and improper redemption ban."
He said that the decision will benefit Grayscale's investors as well as FTX's debtors.
#ftxcollapse #sbf #alamedaresearch #crypto2023 #scams