Bitcoin Scammer List
Investors around the world look forward to investing in bitcoin due to its immense value. As people observe an increase in the value, more and more people and businesses are involved in bitcoin trading, and it alarmed the perpetrators to think of new ways to deceive bitcoin investors. To keep your bitcoins safe, it is necessary to take essential steps to secure them and learn how scammers are targeting bitcoin traders.
Bitcoin was introduced by Satoshi Nakatomo in 2008. Starting from $0, the monetary value of a bitcoin kept increasing over the years, and its value has risen drastically in the last 2-3 years. As of today, one bitcoin is equivalent to 57,627.20 USD.
This high value targets scammers, and they want to steal away bitcoins from your trading account. This article will present a bitcoin scammer list to know some of the most common scam tactics prevalent in the market.
- Social Media Con Artists
Social media groups are an easy way to get connected with like-minded people. Scammers use them to propose charming offers for claiming free bitcoins or earning good returns on invested bitcoins. Of Course, these tempting offers are to lust people to invest in fraudulent platforms.
- Non-Fungible Tokens Scams
The concept of NFTs is on the rise, and people take much more interest in buying these tokens for the huge profit window it has to offer. Scammers often sell fake NFTs to interested buyers or hack the NFT account of the NFTs holder. Once hacked, it is pretty difficult to recover the NFT account.
- DeFi (Decentralized Finance) Rug Pulls
DeFi stands for Decentralized Finance. It is an open platform that provides higher returns on investment. Bitcoin investors are usually more ken to make “quick” money and fall for the DeFi company that locks their bitcoin for more extended periods.
- Viruses and Malware
Viruses and malware are not a new concept to IT users. Scammers use similar tricks to transfer valuable bitcoins from the trader’s wallets to their accounts. Once transferred, it is hard to get your bitcoins back into your account.
- ALT Coin Pumps and Dumps
ALT Coins attract investors as they are cheap, and their prices go up in the financial markets without making them wait for more extended periods. Investors wait to cash ALT Coin’s higher prices, but scammers run away with coins as prices rise.
Bottom Line
Bitcoin scams are common as they are valuable. Scammers find new ways to bluff away with bitcoin causing substantial financial damage to investors. However, scammers are clever to scam people, but some unique companies like Money-Back can help investors claim their money back from scammers.
