What are the most common Bitcoin scams?

1 Phishing. The first scam on the list is one that you may well be familiar with already, as it’s also been widely used to target customers from major ... 2 Fake exchanges and wallets. 3 Old-school scams. 4 Fraudulent ICOs. 5 Bitcoin blackmail scams. More items

Are bitcoin exchange scams a Ponzi scheme?

Bitcoin exchange scams are rampant, as have a number of Bitcoin mining investment scams that turned out to be Ponzi schemes. The good news is, here is how to detect and block any harmful crypto site – or any other malicious website.

Are Bitcoin ATM machines a social security scam?

The FTC warns of another Social Security scam where folks are told to deposit cash in Bitcoin ATM machines to pay scammers who are claiming to be from the Social Security Administration. Bitcoin is an abstraction of an abstraction.

Is social media used in cryptocurrency investment scams?

The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “SSocial media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge in reports,” said the FTC.