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Vista Network Review: Bitcoin & ethereum 80 day doubler Ponzi

Vista Network provide no information on their website about who owns or runs the business.

The Vista Network website domain (“vista.network”) was privately registered on May 29th, 2020.

At the time of publication Alexa estimate that the US is the largest source of traffic to the Visa Network website.

This suggests that whoever is running Vista Network is also likely based out of the US.

Update 8th January 2020 – In a company web conference held on January 6th, in response to the recent regulatory crackdown on USI-Tech and BitConnect, the CEO of Vista Network is revealed to be Armen Temurian.

According to his Facebook profile, Temuian is based out of California in the US.

Other MLM opportunities Temuian has been involved in include Amway, Enagic, Epic (Master Distributor) and Organo Gold (Crown Diamond).

Why this information isn’t provided on the Vista Network website is unclear. /end update

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Vista Network Products

Visa Network has no retailable products or services, with affiliates only able to market Vista Network affiliate membership itself.

The Vista Network Compensation Plan

Vista Network affiliates invest 0.05 to 8 bitcoin and/or ethereum on the promise of a 200% ROI.

Double your Bitcoin and your Ethereum within 80 days or less through an automated Dual Coin Platform, with payments and deposits being encrypted automatically with the ultimate Vista Algorithms.

Vista Network affiliate ROIs are paid out at a rate of 2.5% a day, meaning 200% is reached in 80 days.

Referral commissions on invested funds are paid out via a binary compensation plan.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

Vista Network track new investment volume on both sides of the binary team.

At the end of each day new investment volume is tallied up, with affiliates paid a percentage of funds matched on both sides of their binary team.

How much of a percentage is paid is determined by how much a Vista Network affiliate has invested:

  • invest 0.05 BTC or ETH and receive a 6% binary commission, capped at 0.1 BTC/ETH a day
  • invest 0.1 BTC or ETH and receive a 7% binary commission, capped at 0.2 BTC/ETH a day
  • invest 0.3 BTC or ETH and receive a 7% binary commission, capped at 0.6 BTC/ETH a day
  • invest 0.5 BTC or ETH and receive a 7% binary commission, capped at 1 BTC/ETH a day
  • invest 1 BTC or ETH and receive a 7% binary commission, capped at 2 BTC/ETH a day
  • invest 2 BTC or ETH and receive a 7% binary commission, capped at 4 BTC/ETH a day
  • invest 4 BTC or ETH and receive a 7% binary commission, capped at 8 BTC/ETH a day
  • invest 8 BTC or ETH and receive a 7% binary commission, capped at 16 BTC/ETH a day

Joining Vista Network

Vista Network affiliate membership is tied to a 0.05 to 8 investment in bitcoin and/or ethereum.

Conclusion

Vista Network claim they source ROI revenue from

  • mining
  • Trading (365 Days a Year/24hrs a Day Market Never Sleeps “RobotTraders”)
  • asset tracking
  • Asset Acquisition ‘Buy and Hold’
  • Asset Portfolio and Management
  • MLM ‘P2P’
  • BLOCKCHAIN Acquisition and Mergers and
  • Enterprise Level Software Companies or Acquisitions

Other than “MLM P2P”, no evidence of external revenue generation is provided.

“MLM P2P” is significant, as “P2P” stands for “peer to peer”. In MLM underbelly scamspeak, “peer to peer” is code for affiliates paying affiliates.

That’s not quite the case with Vista Network, however the end-result flow of money is the same.

New Vista Network affiliates are recruited, they pump new money into the system and Vista Network use that money to pay existing affiliates a daily ROI.

The other sources of revenue generation are baloney. If Vista Network was profitable in any of the areas claimed, there’d be no reason to solicit investment from randoms over the internet.

Especially considering Vista Network claim to have been mining bitcoin since 2020.

Putting aside the fact that Vista Network didn’t exist until a few months ago, Vista Network’s mining claim raises two possibilities:

  1. their mining operations have been unprofitable and so the company has turned to public investment (why would anyone invest in mining operations generating a loss?) or
  2. Vista Network’s mining operations are profitable, which again raises the question of why they’re soliciting investment from the public

The reason Vista Network’s claims make no sense is because they’re only made to convince people to sign up and invest.

Claims made by Ponzi scammers don’t hold up to scrutiny, and obviously such is the case with Vista Network.

As with all Ponzi schemes, once affiliate recruitment slows down so too will new funds entering the system.

This will starve Vista Network of ROI revenue, eventually prompting a collapse.

As we’ve seen in GladiaCoin and pretty much every other cryptocurrency doubler to date, when they collapse the majority of investors lose money.

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72 Comments on “Vista Network Review: Bitcoin & ethereum 80 day doubler Ponzi”

Well your article is absolutely wrong. The owners very open about who they are and all available to talk to. You can google all of them.

You can also walk in and visit their office in L.A and watch them trade live like we have.

The owners very open about who they are and all available to talk to.

No they aren’t, there’s zero information about them on the Vista Network website.

If there’s nothing to hide, why doesn’t Vista Network disclose information about company ownership on its website?

You can also walk in and visit their office in L.A and watch them trade live like we have.

Vista Network also fail to provide any address, in LA or otherwise, on their website.

But alright then, let’s play along. If you did visit Vista Network management at an LA office, did you ask them why they’re offering a security in the US and aren’t registered with the SEC?

You’re full of shit son.

I live in LA and request visit the office and they told me not ready.

Also they say in Glendale but not the specific address, Glendale is really big city.

With the company having launched you don’t think it’s strange they can’t accept visitors at their office?

Also LA = US, why isn’t Vista Network registered with the SEC?

Review updated with information about Vista Network’s CEO, Armen Temurian.

I am currently watching a whole group of people on Facebook being drug into this by the admin of a certain FB group.

The post showed a picture of a generic PC graphics card with a headline that reads: “Revolutionary Crypto Mini-Mining Launch – To Mine $400-$800/mo with EACH UNIT”.

So I commented on the post that, “Im sorry, but what does a picture of a generic graphics card have to do with Vista? I sure hope those aren’t what they are using because a real miner looks like this: (Posted a pic of an Antminer S9)”.

The admin of the group commented back, “Lets not get too technical” LOL.

I did not think I was getting too technical, as this post is saying that a generic graphics card will mine $400-$800 per month with each unit!

So already, misinformation was being posted to lure people into this and a whole bunch of people were commenting that they are “IN”, “just signed up”, etc, etc.

Only a couple of people have so far stopped to wonder about this company because of my subtle “hint” in my post, questioning the pic of generic graphics card as opposed to a real mining machine. I declined to comment further.

Hello Behind Mlm.

Thank you for your article. I feel your article is very lopsided.

You have a clear picture of my face and my name and my information is clearly available on every social media platform. It wouldn’t be difficult to find me and do a real interview before jumping into conclusions.

We are the first company in this space doing it right and practicing good business practices. (Ozedit: attempt to take discussion offsite removed)

How many Crypto Compmay CEO’S or Co-Founders have you meet who approached you with open doors and open arms as I am doing so today? Would love to have you as a guest at VISTA to share our Vision and Mission as we emerge as the first and truly real bitcoin affiliate program play globally.

Armen A. Temurian, CEO CO-FOUNDER
VISTA NETWORKS TECHNOLOGIES USA

You have a clear picture of my face and my name and my information is clearly available on every social media platform.

Why is it not provided on the Vista Network website itself?

It wouldn’t be difficult to find me and do a real interview before jumping into conclusions.

I publish reviews from the perspective of due-diligence based on publicly available information.

I do not recommend anyone conducting MLM due-diligence interview the owner of a company for basic information. The failure to provide this information is a reflection of management either deliberately keeping a low-profile or having no clue how to run a business.

How many Crypto Compmay CEO’S or Co-Founders have you meet who approached you with open doors and open arms as I am doing so today?

Instead of posturing with meaningless gestures, how about you confirm whether you or Vista Network are registered to offer securities anywhere in the world?

Our version 2.0 site will have everything sir. All our info will be there we will launch the site in a few days as we bring our entire company into compliance.
Thank you for your swift response. Please visit us and we will tell you our story and share with you our great vision. We want to make mlm great again and we will with VISTA.

So that’s a “no” on the SEC registration then?

The horse has bolted and you’re already illegally offering unregistered securities. Good luck with that.

We have stoped offering these products to people. Instead we purchased the following platforms higher.org travelada.com created the VISTA mining pool launched indexcoin.com a federally licenced exchange in Mexico…

And we will launch our own poloniex style exchange in the US next month and created and now launching the first world’s “mini miner” dedicated to take mining to the homes of people where we can sell them a real super mining machine they can plug and play and mine on their own.

We didn’t start perfect sir but we changed things and we made it right and compliant. We are the first to achieve this.

You will be proud of what we have done here at VISTA. We are disappointed with these ponzi schemes and we will be the first company to try to change this and be the example.

We have stoped offering these products to people.

What products? You offered an 80 day 200% ROI on bitcoin and ethereum investment.

Stop dodging the question and answer whether you and Vista Network are registered to offer securities in the US.

No we are not registered with the SEC and we are no longer offering securities. (Ozedit: offtopic derail attempt removed)

If that’s the case then I’ll flag this review for an update.

It’s going to have to wait though, got my hands full with BitConnect and potentially USI-Tech at the moment.

Classic example of one who fails to do any form of thorough due diligence, prints information that is outdated and doesn’t bother to keep up with relevant info. (Ozedit: Offtopic derail attempts removed)

The review is date-stamped and 100% accurate as at the time of publication.

A Ponzi scheme changing its business model after making publicly available said business model and being reviewed isn’t my problem.

Till there’s more information provided on the Vista Network website, let’s not pretend it was anything more than just another GladiaCoin style bitcoin doubler Ponzi.

“You’re full of shit son” comment to one of the commenters here shows your level of intelligence, lack of integrity and credibility.

You got your answer, Vista isnto offering securities and therefore SEC registration is N/A. Suggest you move on…

Furthermore, your misguided focus relating to the CEO not publishing his extensive resume or putting his face on a website to prove ownership is absurd… (Ozedit: Offtopic derail attempts removed)

You got your answer, Vista isnto offering securities and therefore SEC registration is N/A.

As at the time of publication of this review, Vista Network had or intended to launch a bitcoin Ponzi doubler. That was a securities offering and required SEC registration.

Till I see a new business model, Vista Network is just another abandoned scheme due to the recent regulatory crackdown on crypto Ponzis in the US.

Furthermore, your misguided focus relating to the CEO not publishing his extensive resume or putting his face on a website to prove ownership is absurd…

Nope. Basic MLM due-diligence.

Have you guys seen the mini mining machine they want to release. I had Armen, the CEO calling me names and all kinds of nonsense on one of my Live Facebook videos for calling him out on this nonsense.

He wants to fly me down to California to do an interview at their headquarters and prove me wrong about their mining machine.

I highly doubt they are going to let me test their machine in the manner I would like. They have refused to send me one to test, but will fly me down first class and put me up in the Hilton. So they obviously want to control the testing conditions.

I want to take one apart, format it, install linux, and check it’s real hash rates.. Not gonna let that happen.

Their machine is a joke.. Basically it is a $45 Raspberry Pi that they are selling for $995… Seriously, hit up my link and watch that video if you want a good laugh.

I have little against an MLM business model, but these guys are just swindling people that don’t have technical knowledge in computer hardware and crypto mining and it is sickening.

Marina Jeffery: “You’re full of shit son” comment to one of the commenters here shows your level of intelligence, lack of integrity and credibility.

Another explanation is the guy is full of shit.

I think I’ll go with that one.

So you’re going the “invest in a mining pool” route then?

Sorry Armen, T LeMont Silver only signs up for Ponzi schemes.

Adding a social network and crypto education BS doesn’t change the fact that Vista Network affiliates are depositing money with Vista on the expectation of a passive monthly ROI.

You’re either going to have to register the automated smart pool offering with the SEC and prove external revenue, or Vista Network is just another crypto Ponzi being promoted by the usual suspects.

WOW! What a video! Is that T Le Mont Silver doing the intro? Who is he anyway?

After listening to his intro, I am going to check out VISTA for myself. May be they have something or may be they are a ponzi. We shall see.

p.s. The CEO has balls to show up here and take some heat. �� I have never seen any that posted here.

Silver has been chasing Ponzi riches since before Zeek Rewards. We’ve documented his escapades since about 2020 from memory.

Some of my thoughts about the article and the conversations that followed.

1. I have been in companies that told you who was behind the company and product that turned out to be a scam and I have been in companies where you did not know who the founder and CEO was that were great companies. This is an easy way to discredit a company regardless of if they deserve it or not.

2. Once the CEO was identified and even responded to your concerns, your response was basically that you do not have the time to correct the information here.

Many will not read the comments below and will nt see the responses. So you have plenty of time to reply to comments here (and I am sure on other pages on your site) but no time to correct errors.

This seems as scammy as the issues you were questioning – You try to discredit them but have no time to correct your errors makes your articles without value and not worth reading more of them.

3. He will not send equipment to someone who admittedly wants to reverse engineer it – no brainer.

The CEO takes the time to reply while while redesigning the website, the company and the product, but you do not have the time to take 10 to 15 minutes to correct a few lines in an article. Makes me wonder which one of you realy is the scammer.

Some hate MLM and some are overzealous to protect us, but ethics demand that you correct the article or admin that you do not care if it is correct.

I have been in companies that told you who was behind the company and product that turned out to be a scam

Nobody said knowing who’s behind the company guarantees it isn’t a scam.

Basic MLM due-diligence: If the company isn’t upfront about who’s running the show that’s a major red flag. Anything you read further into that is on you.

Once the CEO was identified and even responded to your concerns, your response was basically that you do not have the time to correct the information here.

No, I said I’d flag the review for an update but it’d have to wait. Consequently I’ve visited the Vista Network website and there’s nothing to update.

So you have plenty of time to reply to comments here (and I am sure on other pages on your site) but no time to correct errors.

What errors would those be? This review is date-stamped and as at the time of publication Vista Network was an 80 doubler Ponzi scheme.

I assume Armen thought he could quietly get away with Ponzi fraud but dropped the doubler model shortly after the review was published. That’s not on me.

Those are the facts and this review won’t change. If I publish an update it’ll be a 2.0 review with a new date-stamp.

If Vista Network are going the mining pool route they’ll still need to register with the SEC, but as of yet I’ve seen nothing official since the Ponzi doubler model.

Did a follow up to my original video. This time I analyzed one of their conference calls and ripped it apart for all the inconsistencies.

Don’t get scammed by these guys.. youtube.com/watch?v=Nm8UmEy3nZA

Armen did say in a recent video that they are “Following the Bitconnect model exactly” – Exact quote. LOLOLOLOLOLOOL!

3. He will not send equipment to someone who admittedly wants to reverse engineer it – no brainer.

They said it is patent pending. A patent filing is public information. They will not give us the patent filing number, and say it’s all top secret which makes no sense.

We don’t need to reverse engineer it, just need the patent filing number. Everything that is needed to know is in it… I’m calling their bluff. But Armen already admitted to me that it is in fact a Raspberry Pi ��

They also say they have a patent pending compensation plan…?? What?? And 2 other big companies have this same compensation plan. What?? My head hurts….

A Raspberry Pi miner you say? Revolutionary!

SCAM SCAM SCAM……This will collapse before it gets going because Armen is a conartist!

BUT WAIT… THERE’S MORE!!

You can also stream Netflix on it!

*Mini Miner* How exciting.

JUst wanteed to say that I do not follow blindly.

I posted concerns with your review. You addressed them Thank You.

I now need to investigate more before I invest.

I know that I can build a Raspberry Pi miner for

125.00, so i need to know why the price on theirs is so high.

Hey Im just gonna say sincere “Thank you” to Oz and Armen and jesse too. For all of you are here together because u are all looking out for the little guys. Reaspects to Oz for retracting the statement calling our CEO a scam. Everything will become clear when its time.

Thanks Armen especially for taking the time to defend Vista again. I enjoyed that faith was all it took for you to finally be finished with the impossible. I cant wait to see how much more incredible this will eventually be.

All these times I only wished Jessee was already a signed member in the chat. Im sure he would make ken really happy every day. I don’t think we have anyone more passionate than that.

Bro u got heart man . real heart. so if it turns out you were wrong please accept my invite to join us. I bet You will be tons of fun to have around.

Oh BTW all’ya blowing smoke and shit out of ur asses.. to be honest i cant believe what was being argued over.

Due diligence ma ass. as if anything can be proven these days lol boy do we all deserve a day in hell for being this stupd.

Reaspects to Oz for retracting the statement calling our CEO a scam.

Uh, when did that happen. (both me calling Armen a scam and retracting it)

i cant believe what was being argued over. Due diligence ma ass.

Aaaand this is why cryptocurrency fraud is thriving. Stay classy.

Oz: If that’s the case then I’ll flag this review for an update.

Sometimes the line between truth and fiction is just too thin. the ability to spot any difference has increasing difficultly.

I sometimes wonder if i rather be caught in a well thought out scam or to be caught trying to gamble my dollar for a million more in some shitsites.

I sometimes wonder if i rather be caught in a well thought out scam or to be caught trying to gamble my dollar for a million more in some shitsites.

That’s an easy one. Just ask anyone who lost money in the recently collapsed BitConnect Ponzi scheme whether they’d have been better off not investing at all.

greeting behindmlm. Mining cryptocurrency is a different process. But it is possible to mining a profitable coin like Altcoin example would be Mooncoins and convert the mooncoins into Dogecoin and then take the Doge and sell them for bitcoins.

Now is that a scam or mlm scam?

Crypto mining itself isn’t a scam. What a silly question.

mining is not but those running companies do. its all about greed and I do have high hopes with Vista wanting to be the first to show the world that not only it is possible to be fair.

it is also possible to be generous. But that’s a big hat for any man to fill., no doubt Vista had its disappointing moments but that’s life. It affects some more than others.

I never believed the bullshit advices that are plastered in goodwill. like diversify aor playing with money u can lose… these are just the bullshit net leaders spins to protect their self interest.. team members aka assets, if only they could brand their team members most would. hypocrites is what they are.

I hope to see a day where they are cast aside along with those self proclaim mentos. i believe at this rate we are going the days will be sooner than i hoped.

Now finally Vista is launched but it is still not without issues, I am a fair person who do not take sides.

I agree that many misunderstandings could have been avoided and better handled. I will update u guys again with regards to the mini miner as it is the one piece of equipment that warrants any attention which sets the company apart.

Its not greed to believe in something good and not necessary that if its too good to be true it has to be fake.

no venture u remain dosnt mean u cant gain by staying as you are. its a simple life. no reason for one to always be right about anything.

I knew Bcc was a scam from the start simply because they never existed to being with. Who on earth would defy the hackers and retuen when hell broke loose only to do refunds?

When everyone rushed in to sell I rushed in to buy, I Ki could not buy fast enough what most re selling it till the day she sinks.

I still hodling my coins and am waiting for it to hit the 1$ mark. I am also grateful for Laser. It took me out of a bad place when I needed the assistance.

its sad that they chose to go but in life that’s how it is. we all change. nothing is constant.

Silly questions are still questions asked by the ignorant , by the cynical, or simply as a form of rhetorical i enjoy silly questions more than the having the questions i have no answers to hahahahah.

and to ur question.. i rather go another round with Laser than to have another idiot walk up to ne asking e for my empty wallet so that he can hook me upo to his mining rig . I once string a guy for 2 weeks to hand over my wallet trying to understand the logic behind it..

i had to ask questions he had no answers to… making upp answers for him as w go along… well most of them simply shapeshift but i met 1 who changed his ways.. it was a rewarding enough.

if u enjoy silly questions i had tons of them alongside silly answers those 2 weeks lol.

Funny how people who admit they have a history of participation in Ponzi schemes are now looking at Vista Network. Nothing suss.

Any maybe if you bothered to ask more “silly questions” in the first place, you wouldn’t still be running around chasing Ponzi dreams from one scam to the next.

let me rephrase.. i suspected BCC was a scam but was only sure the day they ran. but i have hopes to see them back.

what im saying is it takes faith to join such companies. and its takes greed and selfishness to only join after seeing how others profits.

scammers do a lot of harm but no less them legit companies. but scammers i think are honest. esp th pros.. they work so near the line i can hardly tell the difference..

look at questra… they would buy an entire building and hire trainers to setup the scam… so what good is DD anyways?

I JUST APPRECIATE THAT SOMETIMES THE ONES WITH A BIT OF HUMANITY DO DROP HINTS PIOR LEAVING.

i once was so tired of them shit i went right up to one and ask out right when is he shutting down and how much should i put in in order not to be burnt… he actually told me craZY SHIT PPL DO THESE DAYS.

what im saying is it takes faith to join such companies.

If you base your MLM due-diligence on faith you’re asking to get scammed.

look at questra… they would buy an entire building and hire trainers to setup the scam… so what good is DD anyways?

Ignoring a fraudulent business model and listening to trainers hired to promote said fraudulent business model isn’t due-diligence. It’s stupidity.

Some people learn from their mistakes. Then there’s you.

Oz:
Funny how people who admit they have a history of participation in Ponzi schemes are now looking at Vista Network. Nothing suss.

Any maybe if you bothered to ask more “silly questions” in the first place, you wouldn’t still be running around chasing Ponzi dreams from one scam to the next.

ICAME FROM A DIFFERENT PLACVE. GOT SCREWED AND INCURRED A HUGE NEVER ENDING DEBT., KLOST EVERYTHING and i did no wrong.

life just had too many lemons.. u wont believe that thses shit can happen. its not something i chose to do but it was an eye opener for me.

just say i have yet burnt anyone nor any company. had oppunitirs i had to kck myself for turning down. I have mypride and my interigty,, and i anser to no one. (Ozedit: solicitation for recruitment removed)

ICAME FROM A DIFFERENT PLACVE. GOT SCREWED AND INCURRED A HUGE NEVER ENDING DEBT., KLOST EVERYTHING and i did no wrong.

You chased Ponzi riches and got scammed. In other news the sky is still blue.

Stay tuned for more at 6…

my rule of thumb.. research their cost of invstment and go in fasdt like a good entrypoint is impt, ands ext fast. hence when ever i ask nobody would join ab=nd by the tiem i am leaving ppl are signing up and blaming me for being selfish not letting them in.
i join many projects not simply for the gains alone. else id be rich by now. its all self taught for me . i came into this world alone after getting screwed in RL even amazon screwed me … if u know how i could counter sue please enlighten me. i am still too broke for an american lawyer as counsel. i had made many enemies and allies alike. i like u . u do tell it like it is, definately a
pleasure hearing ur opinions thsts for sure esp the advice

is what lead you to losing money in Ponzi schemes in the first place.

You can either continue following your rule of thumb or take a step back and reevaluate where you are in life.

This is offtopic and has nothing to do with Vista Network, so I’ll be marking anything further about your personal situation as spam.

what im saying is it takes faith to join such companies. and its takes greed and selfishness to only join after seeing how others profits.

If you join Vista and make a million dollars (and many people will), I still wouldn’t join. The machine is a hoax.

You have lost your mind.

Just stop trying to explain them or your actions at this point.

No one can take you as having any type of brain that matters.

well i do agree the machine is incredible but all u have is a speculation nothing concrete. i am also upset Armen not letting me in on it but i guess nobody would show ur cards til u called his bluff.

im also waiting and vista 2.0 did occur but in all honesty its not as great as i hoped for.

i will not accuse anyone without proof and you shouldn’t too. calling it a hoax is as bad as convincing ppl its real. well.. all im saying is time will tell. and life has taught us enough that only if u are greedy u get burnt.

its true when i say scammers are honest.. usi did confront many trolls but left ethans report alone. everyone has a past. and thats what defines us.. until today they still stand, but for hoe long? again time will tell.

but if its true. will you join then?

id like to believe everything he says and stand for and of cuz welcome ppl like u who is willing and dares take the fight to them like u did in this case.

but if its true. will you join then?

But it’s not true, won’t be true, and is not possible to be true. I demonstrated all the evidence necessary, and Vista is no longer worth my breath.

All I can say is do your own research. People who do not understand hardware technology, or how mining really works, are going to be duped into thinking this device is actually mining, and people will make millions off that ignorance.

Wish you luck in your road to riches, but I’m not interested in taking advantage of peoples’ lack of technical knowledge.

@ TinyVillionaire…. Take another Hit off the Bong and start doing due dilligence on the first MLM Marijuana Venture…..because you MAKE little if no sense….

@TinyVillionaire…I have 10 acres of beautiful, earth-horizoned property on Mars for only $995 each. Where can I send you an invoice?

Mike J Anthony:
@TinyVillionaire…I have 10 acres of beautiful, earth-horizoned property on Mars for only $995 each. Where can I send you an invoice?

damn mars isn’t for me its barren. if u got one in lala land i’ll take it hahaha

cmon. its not that I support scams.. i do my best to avoid them and warn anyone who ventures in blind. but what im saying is its here to stay and u do profit from them if u are not greedy.

better than those with crappy set up and not even pay a cent. nobody is totally honest and how many ppl u meet these days are genuine or willing to step up to make a difference?

well to support my idiocracy ive stayed away from lending other than BCC as i didnt think too much of them till after Davor.. when everyone’s avoiding it I joined Hedgeconnect.

Do i trust them ? not totally, will I make money hopefully but theyve shown their willingness to adapt and change to comply.. and they sell the idea of looking out for the little guys.

If what these guys are trying to achieve is true the definitely need more support. which is much harder than to rally up a mob to go on a witch hunt.

OH ALMOST MISSED TO POINT OUT I NEARLY WALKED INTO MIKES somewhat incredible offer.. pity i didn’t like mars, else i would have walked into that..

god only knows if he really own a piece of Mars.. everyones a scammer these days i wonder who has my lala land contract.

Here’s my suggestion everyone – WAIT. TIME has a way of either PROMOTING or EXPOSING. Sit back and WAIT – if it’s a great deal it will still be a great deal in 6-12 months.

Here’s my suggestion everyone – WAIT. TIME has a way of either PROMOTING or EXPOSING. Sit back and WAIT – if it’s a great deal it will still be a great deal in 6-12 months.

And if it’s a lousy deal it may nonetheless still be around in 12 months. Madoff’s ponzi ran for over a decade. OneCoin took over three years to collapse.

There is no need to wait, by claiming to generate returns of 1600%+ per annum they expose themselves as a scam.

cmon. its not that I support scams.. i do my best to avoid them and warn anyone who ventures in blind. but what im saying is its here to stay and u do profit from them if u are not greedy.

Translation: I scam people by persuading them that they’re early adopters and they’re the clever ones who will scam the latecomer suckers.

In reality they are almost certainly not entering early enough to successfully scam others, because Ponzi maths dictates that only a tiny percentage can be. But I don’t care, as I make money by recruitment commissions.

And when the scheme collapses and they realise they weren’t the clever ones after all, I will trot out the old clichés like “no investment is without some risk” and “don’t invest money you can’t afford to lose”.

Then offer my current scam which this time is totally gonna be different…

painted it perfectly. well said ��

Malthusian: Translation: I scam people by persuading them that they’re early adopters and they’re the clever ones who will scam the latecomer suckers.

I have asked them for a refund which is lot of money so if they are usa complient we shall see, otherwise it is a felony for stealing money.

i put in so much of my time and my money to taking 3rd loans in support for them to do the right thing.

i even threw the whale a lifeline to save his career just in case, and something he would help save u=instead of so hell bent on destroying something speculation based. … but all everyone sees in me is a fool.

and what im doing is what i want to support because i see it different. … what have u guys done by creating these gossip murnmer .. self feel better?

what have u achieved? would u stepp up like he claimed he did? I did// i,m starting a new grp with no leaders but the money is hard to earn to do spolo.

trading seems too dangerpus even for pros… (Ozedit: solicitation for investment advice removed)

Cristain:
I have asked them for a refund which is lot of money so if they are usa complient we shall see, otherwise it is a felony for stealing money.

christian even u? u are my downline.. u dudnr tell me kken didnt mention.

Tiny.. Again.. another HIt of the bong and chill on Mars. Maybe they have they spell check or language check up there..

YOU make NO SENSE… surprised OZ has not just clipped you by now…..

unless you barely made it through the 2nd grade…which is possible..

If I might make a suggestion, instead of chasing Ponzi riches invest some of your money into education. Trying to follow what you are saying is a chore.

I believe the person behind Vista is a guy with many names. Sathiya Raj and Milton Rasiah are 2 he uses frequently.

He claims to be millionaire business man but in reality is a con artist of the highest degree. He sets up fly by night companies, gets people to invest in them and work for free with promise of a big payoff. He gets the payoff and everyone else loses everything.

I know he has done this over and over in both the US and Canada.

All i’m hearing is old chatter, and a lot of incomplete facts, which can make something that is good look sour.

I happen to know the founders and the CEO. I can trust them, and so will you if you new their hearts and how much they care.

Have patience, and VistaNetwork will make a lot of people Happy. So have fun and be careful what you say, its the best way to carry your values.

Having Patience is the Key to many things. I AM VISTA �� Peace!

This goes back to almost one year ago. Vista had taken money at the

2.5% return rate until the deposited funds were double.

When they realized that it was NOT compliant with the laws in the USA, they did stop the practice for a business model that would be compliant.

Supposedly they had the capability to produce the 2.5% daily but, would not or could not return those funds at the time.

They have kept and possibly used those funds even until this day. There is still a promise to return those funds… ” at NO gain” by the time Vista 3.0 enters phase 3 of their launch. We shall see, time will tell.

If Vista can fulfill the vision they have. Vista could be huge. I still believe in backing them… all the way. Juss Sayin

Vista had taken money at the

2.5% return rate until the deposited funds were double.

When they realized that it was NOT compliant with the laws in the USA

Paying a 2.5% daily ROI isn’t “not compliant with the laws in the USA” if you register with the SEC.

Registration with the SEC will require you to provide disclosures regarding external ROI revenue to the regulator, investors and potential investors.

Apparently that’s coming so uh yeah, I guess we will see.

VISTA: You better put some fairy dust over those papers to the SEC for registration of there platform! I’ll beleive this fantasy when I see it!

But the funds that vista did raise to date, were they raised illegally?

Are Bitcoin Doubler Platforms scams? They claim that they can double your bitcoins within ten hours. Is it true that they double the bitcoins?

a QYUc d LpJEB t b RA y ZpVPO pZVA A ij t xvIMX l ebE a fdzRm s YZpiE s bH i F a jOuok n XbW

Very, very probably they are scams.

Think it through: what’s the so-called doubler platform’s incentive? How do they make money? What’s their business model?

This is something to research carefully, and likely forego.

Consider: if such a platform really worked as advertised, why wouldn’t they be the biggest, most trafficked websites in the cryptocurrency space?

I work in blockchain and cryptocurrency professionally, and this is the first I’ve heard of “Bitcoin doubler” platforms, just FYI.

Bitcoin Scam Guide – Avoiding Theft and Fraud

By: Ofir Beigel | Last updated: 11/14/19

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There are numerous ways to lose your Bitcoins – scams, fraud, and theft are getting more and more common these days. This post will describe how to keep your Bitcoins safe, plus give you some practical tools to use.

Bitcoin Scam Guide Summary

There are numerous types of Bitcoin scams out there. Here’s how to avoid them:

  • Never expose your private key / seed phrase.
  • Use the Bitcoin Scam Test before using any unknown service.
  • Make sure you’re not logging into a phishing site (explained below).
  • Have strong unique passwords to all related accounts.
  • Enable 2FA on related accounts.
  • Use a VPN or secure network to connect to your Bitcoin accounts.

That’s how to avoid scams in a nutshell. If you want a more detailed review about how to identify scams and avoid fraud or theft, keep on reading. Here’s what I’ll cover:

Don’t Like to Read? Watch Our Video Guide Instead

1. The Bitcoin Scam Test

Use this simple 12 question test to evaluate any unknown Bitcoin service or website. Some questions require a specific tool that are located on the right sidebar. If you don’t know the answer to a specific question you can choose to skip it (however the results will be less accurate).

Share the quiz to show your results !

2. Is Bitcoin Safe?

Bitcoin, the currency and the technology behind it, has proved to withstand numerous attacks throughout the years. The weakest link in Bitcoin’s security (as is the case with most other technologies) is usually the people who handle it.

Whenever you hear that Bitcoins were stolen, it wasn’t because there was a problem with Bitcoin’s technology, but because whoever was holding those Bitcoins wasn’t careful enough.

Saying Bitcoin isn’t safe because you hear a lot about stolen Bitcoins is like saying the dollar isn’t safe because you hear that there are a lot of robberies going on.

With great power comes great responsibility, and as long as you follow the steps in this post your Bitcoins will be safe and sound.

Before we get started, here is the most important rule you should remember:

You, and you alone, should know the private key to your Bitcoin wallet. The private key, or seed phrase, is like the combination to a safe. Whoever knows your wallet’s private key can take control of your Bitcoins.

No website or person should ever ask you for your private key – just as no one should ask you for the number combination of your safe. So keep that in mind as a red flag if you ever hear that request.

3. What Should I Do if I Got Scammed?

Here are some of the options at your disposal:

  1. Share your experience in the comments section of this post so others can learn from it.
  2. Report the website or service to the relevant authority.
  3. Report the website on review sites like TrustPilot, BitTrust and BadBitcoin.
  4. Take legal action against the site or service – this might not be worth your time or money (depending on how much money was taken from you).

4. Bitcoin Scams and Fraud Examples

In Scams and frauds, attackers exploit the weakness of the human factor to put their hands on your Bitcoin. Usually this is done by the fraudster claiming to be someone or something he’s not. Here are some common scams and fraud schemes:

Nigerian prince scams

Similar to emails that popped up when the Internet was just gaining mass adoption. The emails were sent by a person claiming to be a Nigerian prince that wants to share his wealth with you. This is a general term for all email scams where people ask you to send them Bitcoin.

The reason they ask for Bitcoin is because:

  1. Bitcoin is somewhat anonymous.
  2. Bitcoin transactions can’t be reversed.

How to avoid – Don’t ever send Bitcoins to someone you don’t know, and when you do send Bitcoins to someone you know, double check that you’re actually speaking to who you think you’re speaking to.

Private Key Scams

This type of scam involves people accessing your wallet’s private key or seed phrase (i.e. the password to your funds). There are several ways this scam can take form:

  1. Persuading the user to send over his private key / seed
  2. Persuading the user to give remote access to his computer and getting the private key through that access (example). This is usually done by pretending to be someone respected in the community / someone that can help you with an issue.
  3. Sending you a private key to use in your own wallet and then stealing the funds from that wallet (example).

How to avoid – You should never share your private key or seed phrase with ANYONE, and you alone should be the one generating it.

Phishing Scams

These scams usually include sending a fake email to the user from a known service (e.g. Blockchain.com) telling him he needs to log into his account for some strange reason by clicking on an attached link.

When the user clicks the link in the email he’s brought to a phishing site – an identical site to the original, but with a different URL. The sole purpose of this site is logging the user’s username and password. Once the user tries to log in, he basically transmits his sensitive info to the scammer.

How to avoid – Always be suspicious of emails asking you to log into a specific service. Double check the “from” email address and the URL in the browser you’re taken to. Also, it’s best to always access sites directly from the browser and not from links.

Also, make sure the site uses SSL connection – this means you should see a “lock” icon in the beginning of the address bar and that the URL immediately after begins with “https” and not “http”. Most phishing sites don’t have an SSL certificate, although there may be exceptions.

Finally, most services that you sign-up with know your name and use it in their emails. So if you are addressed as “sir” or “dear customer” see that as a warning.

Oh…and never open any email attachments from unknown senders.

Cloud Mining and Ponzi Scams

A Ponzi Scheme is a scam promising high-rates of return with little risk. The Ponzi Scheme pays out the older investors by taking money from new investors. At some point, the Ponzi Scheme operator usually disappears with the investors’ money.

Most Bitcoin Ponzi Schemes today appear in the form of cloud mining sites or coin doublers. These are sites that will promise you high-rates of return on your coins on a daily basis and will disappear with your money, after a while.

How to avoid – Just use the Bitcoin Scam Test on this page before investing in anything.

5. My Personal Scam Story

A little over 2 weeks ago I received the following email:

At first glance, this seems to be a normal email blast sent out by Coindesk looking for advertisers. As you can see from the recipient line it was sent to the admin address of 99Bitcoins ([email protected]).

The thing is, we don’t have an admin address, it was just captured in our inbox since all email directed to 99bitcoins.com are captured.

Here’s what was suspicious about the email:

  • The sender’s name – Shakil Khan. I knew who he was, he was the founder of Coindesk. Why would the founder of a huge publication be sending out cold marketing emails? Don’t they have at least a VP marketing or someone else not so high up?
  • The email was sent from [email protected] – I assume that Coindesk would be sending out emails from their own domain name and not using a general Gmail address.

However, the advertising spots available were actually pretty convincing. First, the email stated specific daily impressions count.

Second, the date at which the banner will be available matched what was advertised at Coindesk. If you were to visit Coindesk at the time the email was sent you would see there was an ad there for Coinsummit that was set to expire on the 6th of July.

Finally, the Facebook URL was also pretty convincing – why would someone be starting a Facebook page that wasn’t their own? I mean if this was a scam this may lower their success rate.

After some back and forth with the (still unknown) scammer I was convinced that this is a good deal and was about to send my Bitcoins until I got the final response:

The grammar mistakes finally aroused my suspicion and I decided to send an email to a verified contact I had in Coindesk. I got the following response:

It seems that this specific email isn’t the only way these scammers try to cheat people out of their money. Some emails even have an actual Coindesk domain “from” address but if you look at the “reply to” address you see it’s the same Gmail address.

The final thing I found out was that the Facebook page mentioned in the original email was not the actual Coindesk FB page. It was a fake page pointing to COLNDESK – but if you don’t write the letter “L” in caps it looks like a capital “I”.

My alertness saved me from losing money in this case. But I think I’ve learned a much more valuable lesson – and that’s how easy it just became for scammers to take your money.

You see, until Bitcoin was introduced, scammers had to overcome complicated barriers when they wanted someone to send them money. They needed to persuade people to wire them the money or send a check.

This would require them to supply an address or a bank account, which could later easily lead to their capture. More than that, these actions require more effort and had a much lower success rate.

But with Bitcoin, cash just became digital, and scam success rates are rising because of it.

I think what I personally take from this story is to make sure I can positively verify the person that I’m sending money to, before actually sending it.

Here’s another example that’s been circling around, this time from the alleged “BitcoinTalk” forum. As you can see below, the same techniques are used here – a Gmail address, stating exact banner sizes, etc.

6. Bitcoin Theft

Unlike fraudsters, thieves steal Bitcoin by circumventing security measures to gain access to their victims’ funds. Online wallets and exchanges are the weakest links in terms of Bitcoin theft. The easiest way to avoid theft from these sites is not to keep any Bitcoins on them.

However, sometimes it’s inevitable to keep funds in an exchange or an online wallet. For example, if you want to trade frequently or if you’re using a certain wallet for online games.

If that’s the case, it’s important to secure your online Bitcoin accounts with a strong enough password.

Generating strong passwords

Here are some general rules for creating a strong password:

  • The more characters the password has the better. Aim for at least 8 characters.
  • Try to create a mix of lower and upper case letters and non traditional characters like exclamation marks, hyphens and so on.
  • Don’t reuse passwords from other accounts.

Of course, the best passwords are the ones that are just a random string of text, numbers, and symbols, but they are also extremely hard to remember. That’s why I strongly recommend you get some sort of password manager to help you generate and keep track of your passwords.

Another way of remembering strong passwords is using numbers instead of certain letters as shown here:

Th!5 i5 a 5tR0ng Pa5sw0rd

These rules should be exercised each time you open a Bitcoin related account, choose a PIN code for your wallet or choose a passphrase for encrypting a file.

For example, if possible, choose a PIN code for your mobile wallet with 8 digits instead of the standard 4.

2 Factor Authentication (2FA)

Another very useful security measure you should use whenever possible is to enable Two-factor authentication for your accounts.

Two-factor authentication, also known as 2FA, is a method of confirming a user’s identity through two separate components. In most cases, it would be something a user has and something a user knows.

A good example for 2fa from everyday life is withdrawing money from an atm; only the correct combination of a bank card (something you have) and a PIN (something you know) allows the transaction to be carried out.

In the case of online accounts, something you know will be the password to the site and the something you have will be a mobile phone that will receive a text message containing a PIN code when you try to log in.

This way, even if a hacker manages to uncover your password he still can’t log in until he physically puts his hand on your mobile device.

HOWEVER, if you use a normal text message, a hacker can still manage to intercept the message as it’s being sent to your phone. That’s why it’s important to use dedicated 2FA apps that are much more suited for this task. Some of the more popular 2FA apps today are Google Authenticator and Authy.

Using trusted Networks

One thing we tend to forget is what network we are using to access online Bitcoin services like exchanges and wallets. Make sure to access sensitive information only on trusted networks that are properly secured.

For example, use your password-protected home or mobile network only and never use a public wi-fi network to access a Bitcoin service. Of course, the password for your router should also follow the rules we just talked about. Public wi-fi networks are extremely vulnerable and hackers can eavesdrop on your session.

If you have to use a public network, make sure to connect through a Virtual Private Network, also known as a VPN. VPNs are programs that hide your online footprint and encrypt your data, making life extremely hard for hackers.

Another very important security measure we already mentioned is to make sure the site you’re connecting to uses a secure SSL connection – this means you should see https:// and not http:// showing up in the address bar.

7. Additional Safety Tips

Whenever you’re sending money to an address, remember that Bitcoin transactions are irreversible. Once the money is sent, there’s no “insurance” and you can’t get it back. For this reason, make sure to always double check that the address you’re sending the money to is correct.

Never type the address in manually since Bitcoin addresses have a lot of characters and you may make a mistake. Either copy and paste the address or use the QR code of the address to scan it. If you send money to the wrong address, there’s no way to retrieve it.

Make sure you trust the person you’re sending money to. If you don’t trust them, you can always use a third party escrow service that you both agree on. One very popular escrow service is Bitrated where you can choose known figures from the Bitcoin community as arbitrators in case of a dispute.

Finally, if you’re conducting small amount transactions, one confirmation may be enough to send over the goods to a counterparty. But if you’re dealing with large amounts, wait for at least six confirmations in order to be sure that the transaction is irreversible.

8. Conclusion

As you can see there are numerous types of Bitcoin scams, and I’ve only covered the main ones. The important thing to remember is this: Bitcoin transactions are irreversible.

So check as much as you need to make sure you’re sending money to someone you trust. Once the money is sent, there’s not much you can do about it.

Have you used the Bitcoin Scam Test? Have you been scammed or fell victim to a fraud? Let me know in the comment section below.

7 Ways Criminals Can Steal Your Bitcoins

Cybercriminals are becoming more sophisticated. We have compiled a list of 7 ways criminals can steal your Bitcoins and how you can protect yourself from them.

Top 7 Threats to You Bitcoin

One of the defining aspects of Bitcoin is that it puts you in charge of your own finances. No one but you will dictate where you can spend your money or who to send it to. There is no censorship, there is only complete financial freedom. But freedom comes at a cost. If you lose your Bitcoins, send them somewhere by accident or if they’re stolen, there is no entity that will return them to you, they are lost for good.

This is one of the reasons why Bitcoin has become a hub for all types of scams and cons. Cyber criminals are now becoming more sophisticated and finding new ways of stealing your hard-earned bits out from under your nose. Long-time users have seen their fair share of scams and are usually not drawn to them, but new users may be easily fooled by the prospect of making an easy profit.

This is a huge problem for Bitcoin. Although variations of the same scams also exist with national currencies, these have a certain trust factor that is provided by the government that issues them. No one will stop using a national currency like the US Dollar just because they were scammed out of their dollars. With Bitcoin, however, users may feel like the fault is in the network and distance themselves from it.

Bitcoinist has compiled a list of the most common methods cybercriminals use to steal your Bitcoins. If you’re getting started with Bitcoin, then this article may save you some money and heartache.

Ransomware

We’re going to start off with what can be considered one of the most profitable practices for cyber criminals, ransomware. Ransomware is not new, but Bitcoin has made it popular among hackers due to its efficiency as a decentralized payment system.

So, what is Ransomware? Ransomware is basically a virus that will encrypt all (or part of) your files. The program will then give you the option of paying a certain amount of money in order for the files to be decrypted. This type of malware has become highly popular due to its effectiveness and could even leave Vegas with you.

Hackers will usually target companies or organizations that cannot afford to be unavailable to their customers, ensuring a high success rate for the cyber criminals.

However, anyone can fall victim to ransomware and individual users may be more vulnerable to them as they will often lack the tools or knowledge to try to decrypt their files on their own. Remember to always backup your important files and not to open or download any suspicious file. Having a good antivirus program in place is also advised.

Fake Wallets

This method is much less popular but has successfully scammed unknowing users out of their coins. Fake wallets are basically apps that initially look like a real wallet until it has the chance to steal your coins. These fake wallets are usually endorsed as being another legitimate wallet, often using the real wallet’s logo and name to fool users. They are basically like phishing (which we’ll also talk about) for wallets instead of websites or emails.

Some fake wallets have even appeared on Apple’s App Store after successfully slipping through its vetting process. These misleading apps give both the real wallet and Bitcoin itself a bad name. Users can avoid this by downloading only from trustworthy sources like the wallet’s website and by confirming the name of the apps closely before downloading them. If you’re unsure, you can always ask the community on Reddit, Bitcointalk, and so forth.

Bitcoin Phishing

Phishing is basically a means of extracting sensitive information from victims. There are variations to the scheme but the most common ones are e-mails and fake websites. Scammers will try to trick the victim into giving them sensitive information regarding their Bitcoins like login details from an exchange or online wallet.

They will often do this by sending an email from an email address that looks official or by buying a domain name that is almost identical to the real website. An example of this would be the fake blocklchain[.]info.

Ponzi Schemes

Yes, Bitcoin and other cryptocurrencies are riddled with popular Ponzi schemes also known as pyramid schemes. These involve getting people to invest money and inviting more people to invest money, thus creating the pyramid effect. The new money is used to repay old investments and “the wheel keeps turning” until it can turn no more.

At a certain point, the scammers will walk away with everyone’s money. The best time to leave is usually accessed by the amount of money that the cybercriminals are currently holding and by the reputation the website has earned so far.

These schemes come in all shapes and sizes but they all have one thing in common, they want your coins and promise high returns for them. Two of the most popular disguises for these schemes are cloud mining websites that offer unrealistic returns and websites that claim to be employing some sort of automated trading algorithm to earn money on every trade.

To avoid being tricked by these, simply stay away from websites that seem to have unrealistic returns like 1% per day or 100% per month and so on. Avoid any vague business model that doesn’t really explain how the company makes profit and only trust websites after doing intensive research. There are ways of earning interest on your bitcoin like margin or p2p loans, but these will never yield as much as promised by pyramid schemes.

Fake Cryptocurrencies

There are some scams like this out there, the most famous of which is Onecoin. This scheme works by convincing victims that they are buying units of a successful cryptocurrency when they are in fact just paying for numbers to show up on a website. There is no actual Onecoin blockchain or network of miners.

Fake cryptocurrency schemes will often sell coins in the form of educational packages or mining spots and they will also offer nonsensical promotions like splitting coins to double them. Although it sounds ridiculous, many users have fallen victim to this scam and some have lost entire life savings to it.

If you’re looking for a cryptocurrency to invest in, choose wisely and don’t be swayed with “developers” that promise the price of the coin will increase x times. A good rule to avoid these scams is to check if the coin exists on comparison websites like CryptoCompare or Coinmarketcap.

Scam ICOs

ICO, short for Initial Coin Offering, is a type of crowdfunding mechanism that is becoming increasingly popular within the blockchain space. The team behind a certain project will launch an ICO to sell tokens related to their project in exchange for Bitcoin, fiat or other cryptocurrencies. These tokens are usually equity based or they act like fuel to the platform, like Ether in the Ethereum platform.

Given the momentum that ICOs currently have, it’s no wonder that some cyber criminals are trying to trick investors with fake projects. Scam ICOs can be hosted by scam artists with no more than a convincing logo, website, fictional team and a few other tricks.

Often times, the “company” will be able to gather considerable amounts of BTC without an actual product or nothing more than vaporware. A perfect example would be DeClouds, a scam that managed to steal 300 Bitcoins from unknowing investors who though they were investing in a cryptocurrency backed by precious metals.

Avoiding scam ICOs can be tricky and there are several things to look out for – Check out this guide on how to avoid scam ICOs.

Scammers on P2p Exchanges

These scams take place on peer-to-peer exchanges like LocalBitcoins and Paxful and they basically consist of people trying to rip you off during a currency exchange. These p2p exchanges allow users to trade coins directly between themselves using an external payment system like cash deposit, PayPal, credit cards and others. Unlike Bitcoin, these payment methods usually allow the user to dispute a transaction for various reasons.

Scammers will often use these markets to cash out hacked PayPal accounts or stolen credit cards in these markets. Some users will even use their real accounts but since most payment systems don’t offer seller protection for digital items, there isn’t much you can do in case of a chargeback.

This has created a market, where some users will sell Bitcoin for a considerable premium. However, users that do this have experience with these scams and have methods for verifying the buyer’s identity and so on.

To avoid this, only sell Bitcoin to established p2p traders and try to stay clear of chargeback-enabled payment methods like PayPal and Skrill. Remember that only those who control their private keys control their bitcoin.

For a comprehensive list of fraudulent Bitcoin-related website, you can check out the Bad List here.

Are we missing any methods employed by cyber criminals? If so, let us know in the comment section.

Images courtesy of Shutterstock, AdobeStock

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