Crypto Mining Scams

Crypto Mining Scams are one of the most common type of Investment Scam. There are thousands of fake websites that claim to generate profits by mining cryptocurrencies. They promise absurdly returns such as 1% per day and ask users to 'invest' by purchasing packages for varying 'hash power'. However, these websites are not real companies at all and do not possess any mining equipment. The websites are either running Advance Fee Scams or Ponzi/Pyramid Schemes.

We have been sitting on our investigation into this “Cloud Mining” “Company” for awhile. We sit no longer. Here is Part 1 of our Investigation into...
Despite criticisms, concerns and an increasing number of scams, cryptocurrency adoption has continued to grow strongly. The number of cryptocurrency...
Recently, there have been a lot of scams involving cryptocurrency. Thus, when Minerfox.com was among the most searched sites on ScamAdviser, we...
This article is from Trend Micro. This week we found a few more deceptive crypto scams that you need to watch out for. Keep on reading for the...
This article is from Trend Micro. Teslatrading is supposedly a new cryptocurrency venture established by, and affiliated with, Elon Musk and his...
Bitcoinmaniagame is a website that tries to position itself as a game of some sort that users can play to earn crypto coins. We observed that a lot...
This article is from Trend Micro. For our crypto-investor friends out there, it’s important to keep tabs on crypto-scammers’activities too — with...
This article is from Trend Micro. The metaverse has been everywhere in the news lately, with businesses and other organizations openly embracing the...
This article is from Trend Micro It’s not just innocent investors making money from cryptocurrencies, but scammers too — $14 billion last year, to be...
This article is from Trend Micro Recently there have been lots of scams and phishing schemes surrounding NFTs, and this latest Apple ID phishing scam...
This article is from Antidolos. ICO scams alert , or spot ICO scams , or Best upcoming ICO and Cryptocurrencies to avoid are the events that are...
Cryptocurrency exchange technology provides an avenue for buying and trading digital coins. This happens online chiefly through crypto wallets in...

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As the influence of the internet rises, so does the prevalence of online scams. There are fraudsters making all kinds of claims to trap victims online - from fake investment opportunities to online stores - and the internet allows them to operate from any part of the world with anonymity. The ability to spot online scams is an important skill to have as the virtual world is increasingly becoming a part of every facet of our lives. The below tips will help you identify the signs which can indicate that a website could be a scam. Common Sense: Too Good To Be True When looking for goods online, a great deal can be very enticing. A Gucci bag or a new iPhone for half the price? Who wouldn’t want to grab such a deal? Scammers know this too and try to take advantage of the fact. If an online deal looks too good to be true, think twice and double-check things. The easiest way to do this is to simply check out the same product at competing websites (that you trust). If the difference in prices is huge, it might be better to double-check the rest of the website. Check Out the Social Media Links Social media is a core part of ecommerce businesses these days and consumers often expect online shops to have a social media presence. Scammers know this and often insert logos of social media sites on their websites. Scratching beneath the surface often reveals this fu

So the worst has come to pass - you realise you parted with your money too fast, and the site you used was a scam - what now? Well first of all, don’t despair!! If you think you have been scammed, the first port of call when having an issue is to simply ask for a refund. This is the first and easiest step to determine whether you are dealing with a genuine company or scammers. Sadly, getting your money back from a scammer is not as simple as just asking.  If you are indeed dealing with scammers, the procedure (and chance) of getting your money back varies depending on the payment method you used. PayPal Debit card/Credit card Bank transfer Wire transfer Google Pay Bitcoin PayPal If you used PayPal, you have a strong chance of getting your money back if you were scammed. On their website, you can file a dispute within 180 calendar days of your purchase. Conditions to file a dispute: The simplest situation is that you ordered from an online store and it has not arrived. In this case this is what PayPal states: "If your order never shows up and the seller can't provide proof of shipment or delivery, you'll get a full refund. It's that simple." The scammer has sent you a completely different item. For example, you ordered a PlayStation 4, but instead received only a Playstation controller.  The condition of the item was misrepresented on the product page. This could be the