Mar 26, · A Bitcoin 'scammer' was pranked into dressing up as a raccoon and scavenging through some bins when his would-be victim decided to have some fun. Author: Kate Buck. Cyber-criminals attempting to con people out of their Bitcoin are getting more and more creative — but we’ve never seen anything like this: a would-be victim has convinced a Bitcoin scammer to paint his face like a raccoon and rifle through his neighbor’s trash can. The pictures of their interaction and resulting photos have since gone viral as the prankster somehow got the Egyptian. May 12, · distributing money from the user to the scammer A story as old as time itself. This time it just involves some bitcoin and a twitter raccoon. It starts with the twitter user @cryptorandyy posting.
Bitcoin scammer raccoonBitcoin 'scammer' convinced to dress up as raccoon and go through bins | Metro News
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A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that, as they are currently operating, there is substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation. Unsure whether a particular crypto website is a scam or not?
Does the website connect securely over https not http? This indicates that a website is secure. If so, it could be a fake. Does the site feature bad grammar, awkward phrasing or spelling mistakes? Does the website promise abnormally high returns? This should raise a big red flag and is a common indicator of a scam.
Does it show the real people behind the company? Does it provide any details about where the company is registered? Do legitimate, reputable websites link to this site? This could indicate that the site is trusted and respected. What do other users say about the website? Are there any negative reviews and, if so, what do they say? The crypto community is usually pretty quick to spread the word about scams. Who is the registered owner of a domain or website?
Is the owner hidden behind private registration? Has the domain been registered for less than six months? Is there anything else about the website that raises red flags or just seems too good to be true? Does the website claim any celebrity endorsements? Many investment scams use fake celebrity endorsements to get people to lower their guard.
Did you first hear about it on social media, or did they approach you first? Social media and unsolicited messages are common ways for scammers to reach new victims.
The important thing to remember is to do your due diligence before providing any personal or financial information to any website or app. This email contains a link that takes you to a site that looks almost identical to the exchange or wallet you usually use, but is actually a scam site. Once you enter your account details on this unofficial page, the scammers have everything they need to log in to your real account and steal your funds.
In a similar vein to phishing scams, keep an eye out for fake Bitcoin exchanges. Some will entice users with promotional offers that sound too good to be true. But once they have your money these platforms might charge ridiculously high fees, make it very difficult to withdraw funds or simply steal your deposit altogether. These apps have even made it into official, legitimate app stores like Google Play, so it pays to do your research before downloading anything to your phone.
By posing as a legitimate exchange and passing itself off as a branch of KRX, a large and reputable trading platform, it was able to ensnare innocent users. See our vetted list of legitimate cryptocurrency exchanges. Poloniex is a large, prominent and legitimate crypto exchange. However, in it was the target of a sophisticated scam that saw at least three fraudulent Poloniex trading apps listed on the Google Play store.
These apps asked Poloniex users to enter their account credentials, thereby giving fraudsters a way to perform transactions on behalf of users and even lock victims out of their own accounts. Cryptos may be based on new technology, but there are still plenty of scammers using old tricks to con unwitting consumers. The classic example of this is an unsolicited phone call or email from someone claiming to be with the IRS.
Seduced by the astronomical price rises Bitcoin has experienced since its inception, many everyday consumers venture into the world of cryptocurrency looking for the next big thing.
And if you want to get in on the ground floor, the easiest option for the average person is to buy coins or tokens in an ICO. Both were later shown to be multi-level marketing MLM scams. One common variation of this scam arrives in the form of an unsolicited email, where the sender claims to be a hacker who has accessed your PC. The emails promise to send the incriminating evidence to all of your email or social media contacts unless you send some Bitcoin to the blackmailer, and will typically include instructions on how to purchase Bitcoin and where to send it.
The scammers will often promise to send back double what you send them. Although especially prominent on Twitter, this scam has also appeared on platforms including YouTube, where scammers will impersonate a celebrity in a video or livestream. After seeing all the apparently free money being given away, victims race to send money to the scammers before they have time to think it over.
The scammers obtain this by taking over verified accounts and then changing the names. Similarly, scams will often have thousands of likes, views, retweets or other types of social proof. A Ponzi scheme is a simple but alarmingly effective scam that lures in new investors with the promise of unusually high returns.
These initial investors receive what they believe to be returns, but are actually payouts from the money deposited by newer investors. Now satisfied that the scheme is legit, those investors who received payouts pump more of their money into the scheme and encourage others to do the same. Sooner or later, the scheme collapses when the promoter runs off with the money or it becomes too difficult to lure new investors. In January , Bitcoin investment lending platform Bitconnect shut down its lending and exchange services amid allegations it was a Ponzi scheme.
Malware has long been a weapon in the arsenal of online scammers. Rather than stealing credit card and bank account details, crypto-related malware is designed to get access to your web wallet and drain your account, monitor the Windows clipboard for cryptocurrency addresses and replace your legitimate address with an address belonging to a scammer , or even infect your computer with a cryptocurrency miner. Cloud mining allows you to mine cryptocurrencies like Bitcoin without having to purchase the expensive hardware required to do so.
There are several legitimate cloud mining services that let users rent server space to mine for coins at a set rate. There are also some legitimate ways to invest in Bitcoin mining companies and share profits from them.
However, there are also plenty of cryptocurrency mining scams out there. Some promise astronomical and implausible returns and fail to disclose a range of hidden fees, while others are fronts for Ponzi scams and are simply designed to part you from your money.
This is where large groups of buyers target an altcoin with a small market cap, buy that coin en masse at a particular time to drive its price up which attracts a whole lot of new buyers fueled by FOMO — a fear of missing out and then sell to take advantage of the significant price rise.
This sort of thing is illegal in traditional securities markets, but is a common occurrence in the largely unregulated world of cryptocurrencies. On closer inspection, the Twitter account was revealed to be bogus and not associated with McAfee at all. This is true for all international scams, but cryptocurrency in particular is especially difficult to recover. To help spread the word faster, you can also report specific types of scams to the relevant agencies.
Storing your crypto offline in a secure physical cold wallet is usually considered to be a much safer option than using an online wallet.
Avoid new and untested platforms. You need your private key to access your crypto holdings, so make sure you never disclose any of your private keys to a third party. Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Over the course of his year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas.