Horror Story

Cryptocurrency, Horror Story

I lost hundreds of dollars’ worth of bitcoins on eBay

Hey everyone! So, my goal was to sell some bitcoins via eBay, because I figured a lot of people were still confused back in the day as to how to purchase, trade, sell bitcoins and what not. And I figured that I might as well do it on eBay since most people were familiar with how it worked.

Well, everything was going okay, I was doing the trades through PayPal, and had my customers verify themselves by providing me with some of the info in that link.

So, one day I get a message from a client, asking me if I could sell 600$ worth of coins. A few days pass, and I get a notification of a gigantic hold of funds with a message stating that the individual got hacked.

So, an unauthorized payment was submitted by the client, and pretty much I lost a ton of coins with no way of getting them back.

I didn’t know that PayPal has a reversible payment option with a dispute system that doesn’t take bitcoins into account. Guess I got screwed, note to everyone else. Never sell any bitcoins on PayPal or eBay if it’s more than $50 worth.

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Cryptocurrency, Horror Story

I got hassled by police in Montenegro

Hello, I’m 25 years old and was, note the word, WAS, really interested in cryptocurrencies and digital asset trading. It’s not so popular here in Montenegro, but I was able to make some easy money speculating anyway. I sold over $400 worth of BTC to someone through localbitcoins, we did all of the trades in increments, and not everything was sent in one day.

About one week after doing the last trade, the police officers knock on my door.

What? They arrest me instantly, take me to the station and start questioning me. I told them everything, that I was just a trader on localbitcoins and wanted to make some money, that everything was legal and okay. They didn’t believe me at first and thought that I was some kind of drug dealer and that we were laundering money back and forth. I was forced to let them go through everything that I had, my phone, my email, my social media.

For some reason, the police want me to send back the money that I received for trading.

Which is kind of ridiculous, and makes me think that they didn’t listen to me at all. If I send the money back to the guy, he will just keep his cash AND my coins.

Good think the Montenegrin police didn’t find out that I was a miner, hehe.

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Cryptocurrency, Horror Story

Thank you silkroad!

I was a freshman in college when this happened to me. I was a regular kid, went to class, partied, smoked some Cannabis. I used to buy everything from my local dealer. However, one of my friend threw me the idea of using silk road, which used to be a really popular dark net platform that could be used to buy almost anything. I was using silk road for quite some time, and to great success at that too.

Not a worry in the world. At one point, I decided that I was going to sell what I was buying and make a good return.

I decided to buy about $1,000 worth of stuff to, ahem, sell, and it was at that very moment that the owner was arrested and the site went down. Too bad for me, I had already sent my thousand dollars’ worth of bitcoins to the trader through silk road. He got my bitcoins to his wallet, but I never got my delivery. That’s pretty much how I lost $1,000 trying to make some! Oh well, I’m well past it now, but as a college freshman, in need of money, I was super pissed. The worst part that I couldn’t do anything about the money that I lost since the website was down and what I was doing was kind of illegal so…

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