Download or read book Bitcoin and Crypto Scams written by Zach Abraham and published by Independently Published. This book was released on 2018-12-25 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn about bitcoin and crypto scams and protect yourself !Drawing from real world bitcoin scams and real horror stories of people who have been scammed in the cypto space, here is an easy read which identifies some of the key lessons learnt from dodgy ICO scams and other types of cryptocurrency frauds so that you remain safe and learn how to protect your assets. Crypto and Bitcoin world is a new space being explored by many but it is unfortunately also being exploited by many scammers. Falling for scams hurts a lot since this space is mostly unregulated and legal recourse is difficult if not impossible ... The scammers and hackers are using this ignorance of new investors to rob people of their hard earned money. You deserve to know what kinds scams exist and how you can avoid them. Although this is not an exhaustive list but this short booklet includes how you can identify and avoid common frauds and scams Cryptocurrency and bitcoin seemed really scary and cryptic to me as well when I started researching bitcoin and altcoins for potential investment. I became more wary of the frauds that were going on in the digital currency space. As I gathered more information things became clearer. I wanted to share these insights in simple language in this short booklet. This quick read will better equip you to save your money in the bitcoin/altcoin area in three key ways: Some red flags in bitcoin and crypto scams Straight-forward and simple ways in which you can identify common scams such as fake initial coin offerings and ponzi pyramid schemes using bitcoins and cryptocurrencies. Impersonators and Hackers These are major ways in which you can lose your hard earned bitcoins or altcoins. Case Studies Case studies reveal exactly how some of these scams robbed people and how you can protect yourself from these dodgy schemes.

Download or read book Understanding cryptocurrency fraud written by Shaen Corbet and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-12-06 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook focuses on the key issues that continue to hinder the formal development of cryptocurrencies as a mainstream financial asset. It primarily examines reputationally damaging events, particularly those related to illicit behavior. The goal of the handbook is to determine whether some of these events could be mitigated by improved or at least coordinated international regulation. The handbook will be useful for specialist technical audiences such as legal, accounting and financial practices. It will also be beneficial for upper level masters and research students in economics, law, accounting, taxation, investment and portfolio management.

Download or read book The Cryptocurrency and Digital Asset Fraud Casebook Volume II written by Jason Scharfman and published by Springer Nature. This book was released on with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Cryptocurrency and Digital Asset Fraud Casebook written by Jason Scharfman and published by Springer Nature. This book was released on 2023-01-16 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cryptocurrencies and digital assets have continued to gain widespread acceptance from both retail and institutional investors. With this rapid growth in both the crypto and digital asset spaces, there has also been an unfortunate steady drumbeat of fraudulent activity. It has been reported that in 2021 alone over $14 billion in crypto was stolen from investors. Frauds have touched all aspects of the crypto universe ranging from outright Bitcoin theft, pig butchering, and wallet phising to DeFi rug pulls, exchange hacks, mining scams and NFT fraud. The Cryptocurrency and Digital Asset Fraud Casebook will provide up to date information and analysis on fraudulent activity in the crypto space.

Download or read book Cryptocurrency Scams written by Matthew Gumke and published by . This book was released on 2019-12-08 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crypto scams! Cryptocurrency scams and schemes everywhere! I'm so glad you're reading this message before your friend enrolled you in their latest scheme. Dude, I got scammed over $150,000 in one of these. I was loving life. I was making money, travelling the world, getting rich and having fun. Business was great.But something was missing, what was it?I wasn't a millionaire yet.Inflation soaring. Education soaring. House prices soaring. With no end in sight.Lies about inflation numbers, unprecedented amounts of corruption.I knew I needed to buy crypto. I started doubling, tripling, quadrupling my money. On some coins, I even 10x my investment. I thought I was cool, posting my results on social media. Someone then roped me into their scheme. Within a couple of months, I lost 6 figures overnight. Everything good that was happening to me, gone. I lost my clients, fired my employees and got into credit card debt.To top it all off, I was losing friends and family members left and right. They were dropping out my life like flies.A wise man said "when money is scarce, friends are few." I've even gone homeless and hungry from this situation. I really don't want this to happen to you. I've learned incredible lessons from this experience. I've experienced being on top of the world and reduced to less than nothing in the eyes of society. These are the lessons that would've taken a lifetime to learn, all condensed into a couple of years of turmoil. Maybe you still don't know that much about cryptocurrencies and bitcoin. What is bitcoin?Bitcoin is a peer to peer, electronic cash system. It has a limited supply. It's based on ownership. You either own bitcoin or you don't. You can't go to your friend who's a banker and get a loan for multiple million dollars in bitcoin at negative yielding interest rates. You can't add more bitcoin to a digital screen to enrich your buddies. The amount of bitcoin is finite, and the amount available becomes less and less as time goes on. This is the reason why it'll soar into the multiple millions in the future when our cryptocurrencies are hyperinflated to nothing.Why do I know that our currencies will hyperinflate? They always do. The rich own huge loans against properties. They want more money added to the system, because more money in the system means their loans are worth less in real wealth. When a country experiences a hyperinflationary collapse, whoever owns the most loans wins and gets rich. The poor and middle class, get decimated. Bitcoin adds a new dynamic to the mix. The reason for this is, gold and silver are based on the value of the derivative, not the underlying asset. There's more gold and silver "in the system" than the real gold and silver in the world. It's a scam. Crypto is the only asset that cannot be fractionally reserve traded. For this reason, we've seen a huge attack from the media puppets against cryptocurrencies. Why? Because they've not figured out a way how to rig cryptocurrencies to their benefit yet. It's not as easy to live a life of corruption with a currency that you can't control the supply and distribution of. We're about to watch a lot of power shift in the 21st century. How can you adapt to the changes that are occurring?Buying bitcoin! For a start. And learning the knowledge in this book, so you can avoid cryptocurrency scams. The scammers are getting smarter all the time! I was told so many lies. They're getting better at web development, recruiting, everything. As more and more people are left by the wayside from advances in technology, more people are left without a decent income, unable to support their lifestyle anymore.These people are DESPERATE to get rich before the debt bubble pops. They're willing to do and say anything. When it pops, expect cryptocurrency owners to get rich beyond their wildest dreams. You need to own crypto during this bull run, not getting scammed out of it.

Download or read book Crypto Wars written by Erica Stanford and published by Kogan Page Publishers. This book was released on 2021-07-03 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: HIGHLY COMMENDED: Business Book Awards 2022 - Specialist Business Book Crypto is big news. You may be an existing user yourself or have friends that laud its promise of getting rich fast. Arm yourself with the knowledge to come out on top in the crypto wars. If thousands of people can lose billions of dollars in OneCoin, masterminded by the now infamous Missing Cryptoqueen made famous by the BBC's podcast series and called 'one of the biggest scams in history' by The Times, what makes you think your money is safe? OneCoin isn't alone. Crypto Wars reveals how some of the most shocking scams affected millions of innocent people all around the world with everything from religious leaders to celebrities involved. In this book, you get exclusive access to the back story of the most extreme Ponzi schemes, the most bizarre hoaxes and brutal exit strategies from some of the biggest charlatans of crypto. Crypto expert and educator, Erica Stanford, will show you how market-wide manipulation schemes, unregulated processes and a new collection of technologies that are often misunderstood, have been exploited to create the wild west of crypto, run by some less than reputable characters. From OneCoin to PonziCoin to Trumpcoin and everything in between, Crypto Wars uncovers the scandals, unpicks the system behind them and allows you to better understand a new technology that has the potential to revolutionize banking and our world for the better.

Download or read book Crypto Scams written by Michael Toland and published by . This book was released on 2023-04-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every day there's a new hack or scam that robs crypto investors of millions of dollars or NFT owners of highly valuable assets. It's no wonder there are so many people saying crypto currency and blockchain are unsafe and "not to be trusted". It's understandable. In 2021 alone crypto hackers stole over $1billion of assets from investors. Being afraid to make the wrong move with anything related to blockchain technology is actually pretty smart. Here's the thing. There's still a huge opportunity in this space. Cryptocurrencies, NFTs, and other Web3 projects are making money faster than any other financial vehicle. In this guide you'll learn... The simple steps to add extra layers of security that make your assets much harder to steal How to analyse the founding members of new projects to quickly identify obvious rug-pulls The dead giveaway tokenomic breakdowns that are huge red flags for new projects Common indicators from influencers and community members that are found in almost every Web3 crypto scam The information in this guide is important to know. I had to learn that the hard way, and I wish people had done this before I fell for a crypto scam. Now, you can join the effort and potentially help other people like you avoid scams. This guide will also be very useful for anyone who knows of a scummy crypto project, and wants to know how to report them.

Download or read book Easy Money written by Ben McKenzie and published by Abrams. This book was released on 2023-07-18 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: INSTANT NEW YORK TIMES BESTSELLER “A smart, savvy road map through the mayhem of the cryptocurrency madness.”—Ron Chernow, Pulitzer Prize-winning author of Alexander Hamilton From “one of the crypto industry’s unlikely but most prominent critics” (Washington Post), an entertaining and well-researched account of the rise and fall of cryptocurrency. At the height of the pandemic, TV star Ben McKenzie was the perfect mark for cryptocurrency: a dad stuck at home with some cash in his pocket, worried about his family, armed with only the vague notion that people were making heaps of money on something he—despite a degree in economics—didn’t entirely understand. Lured in by grandiose, utopian promises, and sure, a little bit of FOMO, McKenzie dove deep into blockchain, Bitcoin, and the various other coins and exchanges on which they are traded. But after scratching the surface, he had to ask, “Am I crazy, or is this all a total scam?” In Easy Money, McKenzie enlists the help of journalist Jacob Silverman for an investigative adventure into crypto and its remarkable crash. Weaving together stories of average traders and victims, colorful crypto “visionaries,” Hollywood’s biggest true believers, anti-crypto whistleblowers, and government operatives, Easy Money is an on-the-ground look at a perfect storm of irresponsibility and criminal fraud. Based on original reporting across the country and abroad, including interviews with Sam Bankman-Fried, Tether cofounder Brock Pierce, Celsius’s Alex Mashinsky, and more, this is the book on cryptocurrency you’ve been waiting for.

Download or read book Bitcoin the Mother of All Scams written by Bob Seeman and published by . This book was released on 2021-05-28 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost everything else one reads about bitcoin is either utopian fantasy, wishful thinking, nonsense, marketing, technobabble, or false propaganda. Bitcoin is not a medium of exchange. It can't be because its price is too volatile. The transaction costs are too large and transaction time too slow for regular, small transactions. Only a tiny fraction of bitcoin transactions are used for legitimate real-world purchases and there are more illegitimate purchases than legitimate. Bitcoin is not a store of value. A store of value does not regularly drop 20% in one day. Bitcoin does not qualify as an "investment" since no underlying asset exists. Accurately described, bitcoin is an accounting system for a non-existent asset. Readers will remember that, in 17th Century Holland, the price of tulips rose to extraordinary heights and then collapsed. It was called Tulipmania and is the accepted term for economic bubbles built on assets of inherently little value. At least, back then, there was a legitimate, if insignificant, asset - a tulip bulb. It is irrelevant that a limit has been set on the maximum number of bitcoin. Each coin is worth zero and the total value remains zero no matter the maximum number. Any true utility of bitcoin for the tiny fraction of one percent of transactions representing legitimate purchases that are made using this new form of purported digital currency is far outweighed by the massive risk to the punters who speculate in this risky game. Credulous people are taking the bait and gambling away their life savings. Every day that this bubble is allowed to grow, thousands more innocent bystanders are drawn into a game where only the House - those operating the bitcoin gambling casino - wins. Many people are winning in the bitcoin casino, especially the big traders and whales who can manipulate the market. However, no one is looking after the average punter. Gambling is regulated in the US and throughout much of the world. Why aren't the gambling regulators stepping in to investigate bitcoin gambling? A good number of people may be starting to consider bitcoin as part of their retirement investments. In May 2021, a popular investor information service for the retail investor wrote an article entitled, "Is Bitcoin Safer for Retirement than Social Security". Some investors may even borrow to increase their bitcoin holdings, or use their bitcoin as collateral for loans. Many people could then lose a great deal of money, question the whole system, and ask "Why didn't anybody protect me?" This book is to try to protect the average person. Bitcoin is nothing more and nothing less than gambling. About the author Mr. Bob Seeman is an entrepreneur and technology, legal and business advisor. He is co-founder of RIWI Corp., a data analytics company listed on the Toronto Venture Exchange (TSXV: RIWI), has advised government on technology and business issues, and has been a consultant to a bitcoin technology company. He is a California attorney, electrical engineer and entrepreneur, was a Head of Strategy for Microsoft in London and a technical consultant to the European Commission. Bob previously practiced administrative law with an international law firm. He holds a Bachelor of Applied Science (Elec. Eng.) with Honours from the University of Toronto, a Master of Business Administration from EDHEC, and a Juris Doctor (J.D.) from the University of British Columbia.

Download or read book Social Media Scams written by Francis Zeppieri and published by Susan Zeppieri . This book was released on 2021-06-17 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have you ever come across something online that looks a little bit too good to be true? It might be a competition you’ve won that you didn’t know you’d entered or a new cryptocurrency with a low buy-in price and promised high returns.

Download or read book Bitcoins and Cryptocurrency Scam Bubble or Currency of the Future written by Dueep Jyot Singh and published by Mendon Cottage Books. This book was released on 2018-03-31 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of Contents Introduction Knowing More about Cryptocurrency and Bitcoins How Many Satoshis Do You Have in Your Wallet? How Does a Bitcoin System Work Wallets Totally anonymous transaction implications Let’s Talk about Digital Reality Investing in Bitcoins (a.k.a. what’s life without a little bit of risk…) Monetary Standing of Cryptocurrency Vis-À-Vis Governments Bitcoin Funds and Scams Conclusion Author Bio Publisher Introduction Knowing More about Cryptocurrency and Bitcoins I have been talking about bitcoins and cryptocurrency with a number of my friends out there, because they seem to be very fascinated with this latest money exchange idea, especially as it is being publicized on the Internet extensively as the latest thing in digital currency and which is now being considered as a global money transaction phenomenon. The word “global” is a misleader and a misnomer. Around 90% of the people out there do not know about cryptocurrency, digital currency and digital cash because they couldn’t be bothered to learn about it. As long as they have currency in the shape of paper money and coins in their wallets with which to buy physical goods, why would they want to bother about any currency, which is in digital form, can be changed into local currency, and transferred into your bank account? Being practical, they also do not want to invest in anything, which like shares and debentures in a very volatile stock market have a price which fluctuates from $0.30 to $7,500 per bitcoin. There is absolutely no justification for this sort of fluctuation for a currency which appeared on the Internet, and has no legal standing anywhere in the world, acknowledged by monetary agencies and governments. This digital currency has been around for the past eight years, but it was only now that more and more people want to know whether it was a sensible idea to invest in cryptocurrency or bitcoins, because everybody was doing that. I told them that if they really wanted to invest in something and they had plenty of money floating around, why wouldn’t they want to buy gold and property. At least they had some visible proof that they had invested in a tangible asset. Also, take shares and debentures and as was the latest investment thing going around in the early 2000’s, penny shares, all of these are a gamble. But at least you know that the share market can go up because it has a solid background of economic and financial strength behind it. But what about a bitcoin which has only a digital background and absolutely no recognized monetary standing anywhere in the world except over the net? 18 million bitcoins have been mined by unknown cryptographers all over the world till date and are not acceptable legal currency of any country, known in the world today.

Download or read book Catching Up to FTX written by Ben Armstrong and published by John Wiley & Sons. This book was released on 2023-12-27 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the secret history of Alameda Research, FTX, and Sam Bankman-Fried In Catching Up To FTX: Lessons Learned In My Crusade Against Corruption, Fraud, and Bad Hair, celebrated YouTuber and podcaster Ben Armstrong delivers the extraordinary and compelling story of the rise and fall of FTX and its well-known founder Sam Bankman-Fried. Tracking the history of crypto exchanges from the original Mt. Gox to FTX and Binance, the author describes the history of fraud that has characterized much of the industry. Armstrong outlines the history of Alameda Research, FTX, and Sam Bankman-Fried, including a first-hand account of what he saw in the Bahamas when the indicted crypto titan was extradited from his home to face dozens of criminal and regulatory charges in the United States. He also discusses: The weird and contradictory motives that drove Sam Bankman-Fried's brazen actions A blow-by-blow account of the downfall of Alameda Research, FTX, and Sam Bankman-Fried The red flags that many ignored — and a few didn't — that preceded the collapse of FTX The perfect book for anyone interested in crypto, finance, and corporate scandal, Catching Up To FTX will earn a spot on the bookshelves of everyone looking for an intense rollercoaster of a true story.

Download or read book Better Bitcoining Avoid Getting Scammed Get It Right the First Time written by S. Roze and published by . This book was released on 2018-08-16 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most people are totally confused when they hear the word cryptocurrency or Bitcoin. For you to understand a concept you have to understand the way the information about the concept is being relayed to you. You need the terminology to be broken down in an easy to understand format. In Better Bitcoining, S. Roze shows you how easy it is to grasp the ideas and concepts surrounding cryptocurrency and Bitcoin. She uses her personal experiences with cryptocurrency to easily demonstrate and explain terms and examples. S. Roze provides clear cut, core information about cryptocurrency and bitcoin so that all the confusion becomes a thing of the past. In Better Bitcoining you will learn: Core concepts surrounding cryptocurrency so you can speak intelligently about the topic How to spot cryptocurrency and bitcoin scams so you don

Download or read book Cryptocurrencies Ponzi Schemes Bubbles and Bitcoin written by Alastair Dorsett and published by Alastair Dorsett. This book was released on 2021-06-15 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you curious about whether you should be investing in cryptocurrencies? There are over 4000 cryptocurrencies in existence, so how do you know where to start? Or whether you should start at all? Even if you have already invested in cryptocurrencies or you are just thinking about it, you need to know what the facts are. You want to make the best investment decision you can, separated from the social media hype. Cryptocurrencies: Ponzi Schemes, Bubbles and Bitcoin presents an independent viewpoint and considers the facts behind cryptocurrencies, their utility and suitability as investments. There are risks involved with investing your hard earned money into cryptocurrencies. The rosy picture painted in popular culture doesn’t always reflect the reality that exists beneath the surface. Don’t fall victim to the Ponzi schemes and speculative bubbles. Arm yourself with the knowledge to avoid the scams and make the best decisions you can. Cryptocurrencies: Ponzi Schemes, Bubbles and Bitcoin considers: The most notorious Ponzi schemes and their similarities to cryptocurrencies The difference between currencies and cryptocurrencies Common myths about cryptocurrencies. Separating facts from fiction. Common cryptocurrency investment scams The biggest market bubbles of the past and how they relate to the cryptocurrency market How it could come to an end Look beneath the surface into the world of cryptocurrency investing. Ponzi schemes will be exposed, market bubbles will be popped and the “get rich quick” promises will be torn apart. Don't get caught up in the hype, read Cryptocurrencies: Ponzi Schemes, Bubbles and Bitcoin!

Download or read book The Missing Cryptoqueen written by Jamie Bartlett and published by Hachette Books. This book was released on 2022-06-28 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: 175 countries, four billion dollars, one scam: the thrilling rise and fall of the biggest cryptocurrency con in history and the woman behind it all In 2016, on stage at Wembley Arena in front of thousands of adoring fans, Dr. Ruja Ignatova promised her followers a financial revolution. The future, she said, belonged to cryptocurrencies such as Bitcoin. And the Oxford-educated, self-styled cryptoqueen vowed that she had invented the Bitcoin Killer. OneCoin would not only earn its investors untold fortunes; it would change the world. By March 2017, more than $4 billion had been invested in OneCoin in countries all around the world. But by October 2017, Ruja Ignatova had disappeared, and it slowly became clear that her revolutionary cryptocurrency was not all it seemed. Fortune was left asking, “Is OneCoin the biggest financial fraud in history?” In The Missing Cryptoqueen, acclaimed tech journalist Jamie Bartlett tells the story he began in his smash hit BBC podcast, entering the murky worlds of little-regulated cryptocurrencies and multilevel marketing schemes. Through a globe-crossing investigation into the criminal underworlds, corrupt governments, and the super-rich, he reveals a very modern tale of intrigue, techno-hype and herd madness that allowed OneCoin to become a million-person pyramid scheme—where, at the top, investors were making millions and, at the bottom, people were putting their livelihoods at risk. It’s the inside story of the smartest and biggest scam of the 21st Century—and the genius behind it, who is still on the run.

Download or read book The Great Scam How Scammers Manipulate Minds and Wallets written by Alberto La Torre and published by Alberto La Torre. This book was released on with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Scam: How Scammers Manipulate Minds and Wallets In the digital age, scammers have become increasingly sophisticated in their tactics to defraud unsuspecting victims. They use psychology, technology, and social engineering to manipulate the minds and wallets of their targets. The Great Scam is a comprehensive guide that explores the psychology of scams and how scammers use it to their advantage. From phishing emails to fake phone calls, scammers are constantly evolving their methods to trick people into giving up their personal information, money, and assets. This book is a valuable resource for anyone who wants to understand the tactics of scammers and protect themselves against scams.

Download or read book Cryptocurrency written by Johnnie Alberts and published by Dedona Publishing. This book was released on with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of two titles, related to bitcoin and altcoins: Title 1 - The history of Bitcoin is both fascinating and complex. Developed by an anonymous group of mathematicians, Bitcoin emerged in 2008 with the intention of becoming "virtual gold," and its first software was released in early 2009 during the peak of the U.S. recession. Recognizing the need for long-term value, similar to gold, its creators capped the supply at 21 million Bitcoins. Bitcoin mining, the process by which new Bitcoins are generated, involves "miners" using specialized software to solve intricate mathematical problems, earning Bitcoins as a reward. Bitcoin has dominated the cryptocurrency world for so long that "crypto" and "Bitcoin" are often used interchangeably. Title 2 - In this book, I'll introduce you to the world of blockchains, exploring what they are, how they came about, their applications, and the various topics that surround them. It's not surprising that the technology behind blockchains is unfamiliar to many; it seems to be known mainly by those in the financial sector. This makes sense, as that's where the technology originated and where it continues to thrive. But that unfamiliarity with blockchains will soon come to an end. This book will acquaint you with blockchains and provide the information you need to understand this promising technology. I assure you that the content here is thoroughly researched and carefully considered, all to equip you with the knowledge you need.