Horror Story

Cryptocurrency, Horror Story

Use 2-Factor Authentication, Not SMS Code, for Coinsbank cards

My friend told me to check out Reddit and a couple of forums to find an exchange service that I liked. I wasn’t too familiar with cryptocurrencies and whatever. For some reason, I decided to go with Coinsbank. I looked at their website, it was clean and has a nice design. The authentication process was pretty headache free, and everything seemed pretty secure. For about two weeks everything was working fine, the security authentications that I had set in place as well as the login text message code worked all the time.

At one point in time I decided to buy their card, it was about $100.

I transferred $100 to my Coinsbank account for that specific card. After making the transfer, I’m barred from logging in to my account, for some reason my verification processes isn’t working and I’m not getting a text message login verification code anymore. I tried to contact their support service. I soon realized that there wasn’t any contact information anywhere on the site, not even a single info. No email, no terms and no conditions. So, after I sent Coinsbank some money, I was unable to log in to my account, but when I make a new account, their website and text message verification system seems to work fine.

Coinsbank started encouraging its users to enable 2-factor authentication in order to login properly. But my predicament didn’t change because I still needed to login to enable it and I don’t have that option anymore. I don’t really know what to do now. Guess I’m out of $100…

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Cryptocurrency, Horror Story

Coinbase misled me and never filed for my wire return

I use my business account for cryptocurrency investment purposes. I also frequented Coinbase to satisfy all of my trading needs. Recently, I made a wire transfer from my business account to Coinbase, the sum was quite large. However, I got an email from Coinbase referring to suspicious activity.

Apparently, the wire transfer I sent didn’t match the name of my account on their platform.

Keep in mind that I have done this before a few times and have never run in to any problems before. Previous wire transfers involved significantly more funds as well too, so, I am still kind of shocked as to the fact that I ran into problems with this transfer.

Coinbase notified me that the wire transfer would be returned to the bank account.  

A few days go by and I decide to visit my local bank and ask about the return wire transfer. The teller tells me that they didn’t receive anything and that it’s quite odd that it’s taking so long. The teller actually told me that Coinbase never filed for a wire return. I went through the whole shindig of writing to their support team, and communicating with their support team. No solid answers, nothing of value from their support team. I’m trying to draw more attention to my situation and have even gone on twitter to talk about it. Still nothing, hopefully I get my money back. This is just insane.

 

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Cryptocurrency, Horror Story

My butterfingers deposited the money to the wrong wallet on LocalBitcoins.

I played around on Betcoin for a while and accumulated some Bitcoins that I decided to withdraw into my wallet on LocalBitcoins. I don’t know why, but I always use LocalBitcoins to store my stuff for some reason. So I transfered the 0.2 btc, but I accidentally chose BitcoinCash instead of Bitcoin.

Who would have thought having very similar names and logo design would not lead to mass confusing. (Sarcasm.)

I was hoping that LocalBitcoins would help me resolve my issue because I have been a loyal client for a few years now. I contacted their customer support to ask if it was possible for me get my Bitcoins back. They told me a bunch of stuff about some private keys, and that they won’t be able to reverse the transaction and get my BitcoinCash back if they don’t have these private keys.

It’s kinda weird how they don’t have private keys for wallets THEY own on THEIR website. I mean if they don’t have their private keys, who has it?

Ultimately, it’s my fault for not being careful enough, nevertheless I am still pissed that 0.2 worth of Bitcoins simply went for a walk out of my wallet.

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Cryptocurrency, Horror Story

pool.bitcoin.com is like Comcast. Pay them or they will throttle you.

I wanted to use pool.bitcoin.com for a little while now, and I finally set out to do it. I purchased a small cloud mining package from them, however the network speed was extremely slow. I wanted it to be faster, and, that’s when they revealed their true business model. I contacted their support service and they told me that I needed to pay more bitcoins to boost the speed. Okay, I kind of didn’t want to but it was already part of my bundle, and, they offered me a “discount” for a better package and more speed, so I sent them some more btc in the end.

Speeds went up for about a week, after which they dropped down drastically, again and have stayed low ever since.

I also recently noticed that all of their cloud mining contracts were pretty much conveniently sold out except for their most expensive plan.

Well… not that surprising since Bitcoin.com is owned by Roger Ver, a convicted felon and former politician.

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Cryptocurrency, Horror Story

The crap site BTCGaw.com is trying to silence me

Here I was browsing BTCGaw when I realized that it’s a con. I was checking out their services and realized that they oddly use the same btc address to fulfill all of their orders over and over again. I also noticed that the coins remain untouched at this address. And for whatever reason, I almost ignored it and went on with a trade, but then I chose not to do anything. A few days later I get one of those abandon cart type messages from one of their support guys.

I responded and laid it on the support guy, calling him out that they deceitfully use one address for all deposits and that their website is a con.

The support guy invited me to join him on a friendly live chat service just to track my IP Address. After that the guy DDoSed my internet connection, and, threatened me with releasing filed stolen credit cards and ordering kiddie porn under my name if I ever told anybody else about their little con.

But screw him, I’m doing it anyway and I have records of interactions just in case he does stupidly follow through!

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Cryptocurrency, Horror Story

TradeSatoshi is only useful for trading Bitcoin-Bro pairs, barely…

I have been using the same crypto exchanger for a while now, TradeSatoshi. I know the platform looks like crap and not really professional or legit. I didn’t care, it was the only exchanger online that was using ‘Bro’ for trading bitcoins. So, about a week ago, the exchange had some maintenance on their wallet, they paused all withdrawals and deposits.

Later the platform releases a twitter post to let users know that the maintenance is done and deposits, withdrawals, and wallets were live.

People were still complaining though because they were sending Bro to them, but the deposits weren’t being registered by the exchange. I thought, eh, screw this exchange and started selling my Bro off (made a little bit of BTC). Pull it out, got a confirmation mail for the withdrawal and confirmed everything. Now just waiting for my money (it’s been a little over a week), while people are still complaining that they aren’t seeing any activity registering on their accounts…

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Cryptocurrency, Horror Story

Beware of Bittrex ads on Facebook

I’m not really a stranger to cryptocurrencies or anything. I have been trading and using bitcoins for over two years now. I’ve purchased a lot of stuff on the darknet, sat on exchanges and speculated, sent gift cards, sold video game loot and all kinds of stuff for crypto.

It was late one day, it was about 4 in the morning and I was up late finishing some work for my classes. I saw a Bittrex ad on Facebook, I have used Bittrex before and decided to just take a look at my account. My mind usually wanders around in the morning. I opened the ad, logged in, entered all of my info and checked out my balance. I had a little less than one bitcoin, nice. When I woke up the next day to check my balance again, I noticed that all of my shit was gone.

I didn’t have two factor authentications on.

Browsing the forums, I saw that someone else got skimped by a Bittrex Facebook ad. Apparently, it was a phishing scam, and the i in bittrex was replaced with a L, to make bLttrex. Luckily now the phishing site has been reclaimed by the actual bittrex.com now.

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Cryptocurrency, Horror Story

I think I got ripped off twice by the same guy

I’m new to all of this bitcoin business. I wanted to get 4 coins ASAP. So a few of my friends recommended that I go give LocalBitcoins a try. I found a seller and forwarded him my money. A few hours later I get a message notifying me that my coins have been released. I sent everything through a money gram. A few hours go by and my wallet is still empty. I blow him up with messages but he ignores me until the next day when he finally responds with a brief.

You sure you never got them?

NO!!! So the guy does his little “investigation” as to where the bitcoins are, he says that the transaction never went through to my wallet. Coerces me that if I buy some more coins then he can simply add the missing amount to the order.

I paypaled him over a thousand dollars and that was my mistake… for falling for it… twice.

In the end, he only sent me one bitcoin instead of all four. I felt royally screwed. I have no clue what to do because LocalBitcoins have any control over fraudulent PayPal transactions. In addition to this, we took all of our communication off grid. I’m trying to get my money back from PayPal but the chances are slim. Maybe I can get it all back if I just tell them that I got hacked or something…

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