Scam Alert: BTCPromo Will Exchange Bitcoins For Paypal, Except When They Don't
BTCPromo is an unknown and unverified Bitcoin exchange that claims to exchange Bitcoins for Paypal payments, allowing users to potentially turn their Bitcoins into dollars stored on the Paypal network. The problem is, several customers are alleging that BTCPromo is keeping their Bitcoin and without paying for it. There are a few things that should tip off anyone savvy enough to be playing in the Bitcoin game. First, any Bitcoin to Paypal site is already suspicious. Paypal hasn't supported bitcoin in the past and if the “exchange” decides to issue a chargeback, there is little to nothing....
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Bitcoin to U.S. Dollar direct exchange BTCpromo.net has recently come under fire regarding their shady business practices. The term “scam” is a common theme. It seems the “Sell Bitcoins for Dollars in PayPal” technique that they’re currently using is giving sellers the short end of the stick. BTCpromo is registered to Queensland, Austrailia. However, the owner of BTCpromo signs all of the messages with “btc Προμο.” I’m not suggesting that’s a red flag, as the world is turning into one great melting pot. A red flag however would be that searching for the Queensland address brings up....
There are good ways to sell your bitcoins when you need cash, and there are bad ways. CCN has documented numerous bad ways over the years, sometimes with victims writing in to us. Other times we just happen to notice a scam going on, and make haste to inform our readership about it. And still other times, readers write in to let us know that something doesn't seem right. There are times when we will reserve the word
The latest Bitcoin scam involves fake porn virus alert that forces victims to buy freely available anti-virus software with Bitcoin. Porn is one of the widely searched content on internet. There are millions of adult websites – and many of them are known to host adware and other malicious codes. Scammers have taken advantage of this fact to convince people into sending them Bitcoin. The widespread scam is currently making rounds in Tasmania. According to news reports, scammers are sending fake pornographic virus alerts to unsuspecting computer users. The fake alert containing a....
The Shiba Inu community is being targeted by another string of scam attacks aimed at profiting from unsuspecting members. As a result, the Shibaarmy Scam Alert, an X (formerly Twitter) social media handle dedicated to exposing scams, has issued a crucial warning to the entire SHIB community. Related Reading: Decoded: Why Everyone’s Suddenly Googling ‘Bitcoin […]
The Federal Bureau of Investigation (FBI) has warned crypto investors about a scam using an investment strategy called liquidity mining. “This scam has been responsible for over $70 million in combined victim losses,” said the law enforcement agency.
FBI Warns of Crypto Liquidity Mining Scam
The Federal Bureau of Investigation (FBI) issued an investor alert Thursday warning crypto owners of a scam targeting them. The law enforcement agency announced:
The FBI is issuing this public service announcement to warn American citizens about a cryptocurrency scam....