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Fraudsters are using ads featuring a fake Jeremy Clarkson endorsement as part of a Bitcoin scam. Watchdogs are warning social media users about the ads, which urge people to invest in cryptocurrency.
Call it a diabolical new twist on an old scam: ATM fraudsters are turning to bitcoin. Data the Federal Trade Commission provided to NBC News show the amount of money consumers have reported losing ...
A pig butchering scam (in Chinese sha zhu pan [114] or shazhupan, [115] (Chinese: ĉçŞç), translated as killing pig game) [113] is a type of long-term scam and investment fraud in which the victim is gradually lured into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme.
It is often a form of crowdfunding, although a private ICO which does not seek public investment is also possible. In an ICO, a quantity of cryptocurrency is sold in the form of "tokens" ("coins") to speculators or investors, in exchange for legal tender or other (generally established and more stable) cryptocurrencies such as Bitcoin or Ether ...
In 2016, the darknet market (online black market) Evolution was previously cited as the biggest exit scam yet, where the administrators apparently made off with $12 million in bitcoin, which was held in escrow on the marketplace. [6] Most exit scams and Ponzi schemes involving cryptocurrencies take place in the context of initial coin offerings ...
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The Jersey Cyber Security Centre (JCSC) said the latest scams were designed to look like news articles that claimed the reader could make large sums of money through a cryptocurrency service ...
The creators of Squid Coin presented it as a revolutionary opportunity for investors to participate in an upcoming fan-made online game inspired by the Netflix series Squid Game, in which participants compete in deadly children's games for money. [3] The mechanics of the scam involved enticing investors with the promise of earning rewards by ...