Tag: Bitcoin Scam

Physical Letter-Based Bitcoin Scam Shows Criminals Are Getting a Lot Bolder

Scams are nothing new in the world of cryptocurrency. Some of these ventures prove to be very professional and elaborate, whereas others are clearly low-effort projects. It seems a new scam is making the rounds which involves a physical letter that threatens to expose people’s bad behavior unless they cough up a lot of money in the form of Bitcoin. It even comes with its own guide on how to buy Bitcoin. …
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Buddhists in Thailand are Tricked Into Investing in a Fake Bitcoin Fund

Criminals will often find their way to Bitcoin and anyone related to cryptocurrency. In Bangkok, it appears a new fake investment scheme is looking to defraud Buddhists. Several police reports have been filed pertaining to Buddhists being approached by a gang of criminals claiming to represent a Bitcoin investment fund. This is quite a troublesome development, especially when considering Bitcoin is not legal tender in Thailand. Fake Bitcoin Investment Scheme …
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Bitcoin Scam Education – Cloud Mining Companies

There are various types of Bitcoin scams in existence today, although one of the most prominent ones comes in the form of cloud mining companies. Granted, there are some legitimate businesses in the Bitcoin cloud mining world as well, although most of them can be counted on the fingers of one hand.  Digital currency enthusiasts will need to be vigilant when dealing with these types of companies, although there are …
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