Top Scam: What Does It Take to Promise and Deceive?
As you may already know, PureFi will conduct an IDO on both BSCPAD and Paid launchpads simultaneously. The IDO is dated to happen on the 27th of July, 2021. Due to the lack of experience with IDO specifically, PureFi wasn’t aware of so many potential scams one could attract in the early stages. Here are some of the examples of scams that have been threatening PureFi’s reputation: One of these scams has been an obvious outstanding “winner” in terms of fake concept development, and magical things promised to the users. This particular scam project promised to make....
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An Ohio man will be getting 20 years in prison for carrying out a cryptocurrency scam. Michael Ackerman has pleaded guilty to the crime and might be spending a long time in prison. According to the US Justice Department, the man pleaded guilty to the multi-million dollar cryptocurrency scam last week. A Cryptocurrency Scam Worth Of Millions Michael Ackerman planned and executed a cryptocurrency scam in 2017. This scheme promised to pay investors 15% on their investments every month. Even though the benefits were too dubious and impossible, many investors rushed in to utilize the....
Recently Apple approved two applications called Ocean and AlphaWallet that are structurally designed to steal Bitcoin from users. Although Apple has been removing a substantial number of suspicions apps on its app store, the consistent emergence of obvious scam applications are beginning to concern the Bitcoin community. IPhone and other Apple device users have had serious issues with scam Bitcoin applications on the Apple App store that are designed to extract and steal user funds. The company’s inability to filter scam-like apps is creating a poor ecosystem for Bitcoin users. Legitimate....
Things haven't been going particularly well for PayCoin, lately. Following a recent drop in price due to what some are calling the work of "online trolls," altcoin exchange Shapeshift.io has removed the currency from its platform due to what the exchange is calling a "broken promise," where customers could purchase PayCoins at $20 each. ShapeShift made the announcement via a Reddit post, saying: "We've looked further into Paycoin, and while there are some criticisms that are superfluous (a coin being 'premined' does not necessarily make it a scam, for example), there is one particular....
In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would […] The post 21M Bitcoin and the....
Instant altcoin exchange ShapeShift.io chose to remove PayCoin from their platform. Today, altcoin exchangeShapeShift.io formally removed PayCoin (XPY), GAW CEO Josh Garza's controversial altcoin, from their list of accepted coins. Citing PayCoin's (alleged) broken promise to buy PayCoins at $20 each, ShapeShift considers PayCoin a fraud. Also read: Coin-Swap Retires Some Altcoins. PayCoin Delisted from ShapeShift.io. ShapeShift made the announcement in a Reddit post. They explain that they originally added the coin due to customer demand but decided to remove it after allegations that....