‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours
Crypto Twitter user FatManTerra explained the fake investment scheme was used to teach people a lesson about investing blindly in crypto schemes shilled by influencers. Crypto influencer FatManTerra claims to have gathered over $100,000 worth of Bitcoin (BTC) from crypto investors in an investment scheme that was later revealed as fake. The crypto researcher said he created the fake investment scheme as an experiment and to teach people a lesson about blindly following the investment advice of influencers. The account on Twitter has around 101,100 followers and is mostly known for being a....
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Reddit has removed ads impersonating the Trezor shop, the most recent incident of fake bitcoin websites that scam users. Trezor advertises its bitcoin wallet as a secure home for bitcoin, but that does not prevent scammers from capitalizing on its name for malicious purposes. The Reddit administrators removed the ads more than 12 hours ago, according to a Reddit post. Reddit readers who notice malicious ads are encouraged to email Reddit at /r/r/reddit.com. Reddit Users Sent To Fake Site. Reddit users were directed to a cloned version of the Trezor site, according to The Merkle. Any order....
With another week gone by, let's shine the spotlight on recent developments and interesting finds in the world of alternative digital currencies. Shibes scheme in new online game. The popular meme-based digital currency dogecoin has been credited by some as providing a friendly introduction to digital currencies. However, now it is being leveraged to welcome people into a not-so-friendly corner of finance: the ponzi scheme. PonziDoge is billed as a "virtual experiment game" designed to educate people about the nature of ponzi schemes, a form of financial fraud that involves collecting....
Crypto assets provide higher profits than traditional investments but with proper investment plans and actions. It is one of the areas where an investor could make over 100% gains with less stress despite the high volatility of the tokens. More people are taking up every opportunity they see to plunge in their funds and money. […]
Johann Steynberg, the wanted CEO of Mirror Trading International was recently arrested by Brazilian law enforcement after he was caught using a fake document. The arrest, which took place in the country’s Goiás province, was carried out by the Brazilian military police. Fake IDs, Laptops, and Credit Cards Seized Johann Steynberg, the CEO of Mirror Trading International (MTI), a bitcoin Ponzi scheme, was recently arrested by Brazilian law enforcement after he was caught using a false document, reports from the South American country have said. Following the arrest, credit....
Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.”
The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’
Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, experts, analysts, and advisors this year....