Rise in Crypto Scams

in #scam7 years ago

With the big rise in CryptoCurrency Market Capitalizations one can expect a rise in people trying to take it from your hands.

Recently, more of these double your bitcoin and forced matrix ETHerium systems has sprung up.

One that just recently stopped and ran off with, at the time, almost USD$ 7 Mil was BitcoinsBrain. You can see some of the transactions that happened still days after they shut down shop and stole money from people's hopes Blockchain Wallet.

Others that looked like they were very legit, suddenly started to charge exuberant "extortion" (admin) fees anddays later stopped their "trading" GladiaCoin - Double your bitcoin in 90 days. (If the site is still up that is. It was down for a few days until a few hours ago.)

The funny thing is that just a few days ago, another one - that looked pretty much EXACTLY the same (with a admin fee already set in place) popped up yesterday - TwiceCoin (What is the chance it is the same people doing this?)

How many more is popping up and how many is from the same swindling owners? One cannot say.... Because none of them is backed by "owners" that can be held accountable...
I suppose that is the "good" and the "bad" about blockchain crypto currencies in one sentence...

I think the rule of thumb to follow is this:

From the wise words of my father:

When something is too good to be true,
It usually is...

Final thought:
Be careful out there. There are people out to steal your coins... Because currencies is unregulated (good), they can steal it and get away with it (bad). But it is up to you to keep your wallets safe (good) in order for a bank/government to NOT have have control over it (very good)...

Sort:  

Congratulations @merlinnz! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Reply

Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @merlinnz! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

You are right. I will be sharing some other experieces soon. I have been burnt myself and will be starting to expose these crooket systems.

Congratulations @merlinnz! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.21
TRX 0.21
JST 0.035
BTC 92187.28
ETH 3145.26
USDT 1.00
SBD 3.04