"Customers Never Complain About Our Service" - BTCLowen.com = Pro Bitcoin Scam
Keith Kaiser was new to Bitcoin. Though he had invested in gold and other precious metals previously, this new digital gold was something that wasn't immediately easy to wrap his mind around. He didn't know how mining worked and, like many of us, he had no great understanding of cryptography. What he did have, though, was liquid capital to invest. So when he had the opportunity, he bought bitcoins using Circle. At this time, the price hovered around $200. To invest means to profit, and when he saw a firm advertising on the popular precious metals price site, Kitco.com, that they were....
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A few weeks after suffering the wrath of Bitcoiners about unexpected cards fees that came with a two-month card shipping delay, the company is experiencing new setbacks from customers that complain about funds not showing up. Editor: XAPO response at the bottom of this post. XAPO Customers Complain. XAPO, the company with the largest capitalization of all Bitcoin industry with a $40M record fundraising, is again experiencing the wrath of its users. A Redditor has indeed reported a mysterious case of funds not showing up: after transferring 10 BTC ($ 4,030) to his Xapo's account, he....
The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million, duping 72,000 investors. He is also ordered to pay the U.S. Internal Revenue Service more than $1.8 million for tax evasion. Scam Involving Fake Cryptocurrency The U.S. Department of Justice (DOJ) announced Monday that a California man, Steve Chen, has been sentenced to 10 years in federal prison for his “leading role” in a major crypto fraud case. Judge John Walter called Chen’s....
A reader wrote in to CCN, concerned about what is an obvious scam to a veteran Bitcoiner, but might actually rope new folks in with ease. The concerned reader wrote: Basically they are building a pyramid scheme (sorry, I mean binary member system), where you can buy in and get some hashing power from their cloud mining service. Also they claim, that they will release a new cryptocurrency (S-Coin), which only they will be mining. More absurdly - when the coin comes out, they claim that it will have a value of 1€ and after some time even more. Also the rewards for members are extravagant....
Author's Note: The author and CCN have zero connection with Black Arrow. Claims of monetary compensation are blatantly incorrect. The accusations from customers are continually being investigated, ever since the original tip. However, accusations cannot be published as fact without clear evidence or authority. The same goes for Black Arrow. CCN will quote either side, but will not publish those quotes as fact unless proof is provided. If you've spent a minute in the Bitcoin community, it's easy to notice that many people work on the philosophy of "guilty until proven innocent" due to the....