Tips to Identify and Avoid Cryptocurrency Scams

The misconception that everyone is making money with bitcoin is simple to fall into. By offering shady goods and services in exchange for money from business owners, many con artists prey on their avarice. The following con games are the most prevalent ones:


Initial Coin Offerings (ICOs), a type of crowdfunding, are used to finance the growth of recently released cryptocurrencies. Initial coin offerings (ICOs) allow investors to buy tokens that are then used to finance new businesses. Since their debut, numerous initial coin offerings (ICOs) have had problems: Although many initial coin offers (ICOs) are permitted, the vast majority lack reliable business structures or technological underpinnings. Initial coin offers (ICOs) have occasionally been launched with little more than a whitepaper created by individuals with no prior background in technology or business. Startups in the cryptocurrency industry frequently make unfounded claims about their goods.

Unregulated brokers and exchanges: There are dozens, if not hundreds, of unregulated internet exchanges and brokerage firms where customers can buy cryptocurrencies and trading items. Traders should use caution when dealing with marketing that seems too good to be true or promises of quick profits. Many of these companies might impose excessive fees on you or make cash withdrawals very challenging. Some of the most heinous thieves will simply take your money without doing anything else.

Could you please tell me whether you’ve ever had your bitcoin stolen by scammers or hackers? Now is the time to make an official complaint.
A person may be deceived into paying for something that doesn’t exist through a pump-and-dump scam. Pump-and-dump scams have existed ever since the stock market first started. A group of con artists will work together to purchase many penny stocks at a steep discount. As a result, the price of these stocks rises, making it easier for companies to attract outside investors by promising them large sums of money in exchange for little work.

Source - FBI Boston Twitter

Unfortunately, new technology has made pump-and-dump scams a top target for Bitcoin, and investors may become victims of these schemes even if they would never become victims of a more conventional investment strategy in the first place. It’s an illustration of an old trick being carried out in a novel and unexpected manner at the time, to the full ignorance of the general public.

Malware has long been a well-liked technique for unethical hackers to obtain computer network passwords or to steal bank and credit card information from respectable firms. They are currently using it to carry out one of the most prevalent Bitcoin online scams. If your Bitcoin wallet is connected to the internet and you do not take precautions to protect yourself from malware, someone may be able to use malware to obtain access to it and steal your money.

You run the risk of downloading a virus if you click on links in email. It is also available for download via websites and social media channels. False advertising is when someone says a particular programme enables you to mine bitcoins for free. Downloading this file increases your chance of getting a virus.


Are you or have you ever been a victim of one of the above-mentioned frauds or another scam? Please go to this page to seek a refund.

They are a group of certified hackers who are knowledgeable experts who know how to use penetration testing to look for flaws and vulnerabilities in a target system. experts in blockchain technology, certified hackers, and private investigators.

Information about the campaign

The two conspirators stole cryptocurrency worth hundreds of thousands of dollars from executives of cryptocurrency companies among others.

The perpetrators chose to target “high-value and Original Gangster/OG” social media accounts, said the DoJ. They gained control of these accounts to acquire valuable items other than cryptocurrencies.

They also tried SIM switching attacks and a number of other techniques to gain access to these accounts. The prosecution claims that the defendant stole or attempted to steal $530,000 in cryptocurrency from ten identified victims spread across the United States.