Cryptocurrency, Scam

This is why no one buys bitcoin products made in China.

I found a company in China that claimed to sell all of the gear necessary to start a small mining operation.

I contacted and spoke with one of their team member over Skype. I read some good reviews too. I was really excited.

The deal was for me to send $1600 worth of BTC to them and have my gear delivered to me by early September. Well, things didn’t really go that well. Initially, my order status on their site was confirmed, then it changed to expired, then it changed to unpaid, and then to unshipped. This was bad news because the funds have already been taken from my account. I tried emailing them, but nada.

The tickets that I have opened on their website have been pretty much totally ignored, as expected really. I actually even tried calling them, to no avail. I kept on getting stuck with their automated message system in Chinese. I don’t speak Chinese.

Recently they made some posts on social media about selling more mining gear, they made that post the same day my order changed to expired. I even started writing shitposts on their forum to get some justice, nope. I guess it needed to be in Chinese. I really don’t have any clue as to what I should do. I thought about contacting the FBI or something, but that might be a bit overkill and I kind of don’t know how to anyway, to be honest.

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Cryptocurrency, Scam

Only sketchy people will trades coins over Skype.

I made a post on the Bitcointalk forums mentioning that I would like to buy some gift cards with my bitcoins. I wrote down my Skype information on the posting. To my surprise, I got absolutely no replies on this forum but my Skype account was absolutely blown up with offers and what not. I found a person that seemed to be legit enough and I checked his reputation on the forum, everything seemed alright.

We spoke on Skype and he presented me with the gift cards, I got all of the transfer information from him and sent him the BTC.

The guy reports not receiving the funds. But, when I look at the information behind the transaction I can clearly see that the guy received my BTC and even forwarded it to another account.

But the gift card information I got wasn’t even authentic either.

We did the transfer through Coinbase, and, they have been a little funky recently and take a while sometimes. But to be honest, I think he used the recent events as a way to confuse me, buy time for himself and eventually stopped answering to me.

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Cryptocurrency, Horror Story

Nitrogen Sports made the error, but I’m the one paying for it.

I really enjoy sports betting, and the Mayweather-McGregor fight was the perfect opportunity to raise some BTC by betting. I generally use Nitrogen Sports to make my bet. Well, I put my money on Mayweather noting that they would go over 9.5 rounds. I made my withdrawal without any issues. I then made another small deposit online and made some earnings on that deposit as well.

Later I tried to pull out my funds, but the platform wouldn’t let me do it. They took all of my funds and gave me negative an account balance.

I ended up figuring out that they backpedaled on their rules and changed it. They deemed the fight as being less than the ruled 9.5 rounds. Ridiculous. They changed their rules AFTER settling on the bets and distributing funds.

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Cryptocurrency, Horror Story

It took forever to get the money Cex.io owed me that I owed to someone else.

Long story kind of short, I ended up owing a lot of money to a certain individual, but this person didn’t mind getting paid in crypto. I already had an account set up on Coinbase, but I reached my buying limit over there so I used Cex.io instead (it was kind of trusted I suppose). I set up a transfer for five thousand dollars to Cex.io. I thought that the money would have been available immediately, but it wasn’t. I was super worried so I contacted their support system immediately.

The guys at Cex.io told me that transfer take about two weeks. Well, lo and behold, two weeks fly by and my funds are still nowhere to be seen.

The guy I owed money to started pressuring me a little bit because he was low on cash himself. I tried messaging their service over and over again, it’s been almost two months now and I haven’t gotten my crypto, and, my money has already been taken out of my bank account. All Cex.io did was escalate my ticket.

I have gotten numerous messages from Cex.io following that escalation, each one letting me know that my situation is being escalated even further.

I tried opening new support tickets but those get closed almost immediately by Cex.io. The other support guys keep telling me that my issue has already been escalated. I thought I was going to be out five grand. I had to borrow money from a friend to pay back the money I owed to the first guy since it took too long. Then I spoke to my bank and they told me that I should probably contact my local authorities and I did. Luckily, they had a guy on the team that specialized in this type of stuff and I was finally able to get my money back from Cex.io.

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Cryptocurrency, Scam

OneHash is not a real betting site, they just steal the deposits.

I tried to use OneHash for some payments. I checked out the betting site. It looked fine. Then I transferred a pretty large amount of money to the platform, waited around for the funds to be confirmed, authenticated, verified and etc. Nothing happened and my funds are now gone. I sent their support service an email, but nope, no reply. I went on their live chat service. They greeted me nicely and asked me to provide some information pertaining to the transfer, as soon as I finished doing that, the support agent logged off the chat.

What the heck…Giving me the endless runaround. The platform simply claims to not see the transaction every time and asks for proof. When in reality they simply stole my BTC and ran like hell.

And I also found out that I’m not the first person to have fallen victim to OneHash. I’m posting this so more people don’t get duped by them. Honestly annoying…

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Cryptocurrency, Horror Story

Eric Grill sells used and damaged bitcoin ATM hardware

My friend and I wanted to set up and operate a BTM (bitcoin teller machine). We found a guy named Eric Grill from a private Bitcoin community I was apart of. Supposedly he sells the necessary hardware to setup the machine properly.

We contacted him to buy some equipment using BTC. We did the transaction and the guy sent us the equipment. It went pretty fast.

But after that, he went cold turkey and stopped messaging us. We got the equipment, but it came full of scratches, dented, without any instructions, guides, user manuals, setup procedures or backend access to program it and get it running. He said that everything should be there which made us kind of flustered. The guy continued to give us absolute shit replies that led to nowhere and only confused us. Finally, we asked if we could send back the equipment for at least a partial refund.

Nothing. No answer.

Pretty much my buddy and I burnt a huge chunk of our capital on a piece of garbage even before the start of our business venture. You have been warned. Don’t buy shit from Eric Grill. I don’t understand how somebody can have the nerve to be such a scumbag and still plaster their face everywhere.

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Cryptocurrency, Horror Story

Belfrics has incredible low rates for its scam exchange.

I became immediately interested in Bitcoin when it popped on the news and the price went over $1,500. I started studying all of the technical aspects of it: trading methodologies, transaction rates, exchange guidelines and etc… So, I considered myself to be pretty experienced in day-trading cryptocurrencies by now. I slowly and steadily built up my bitcoin savings when the dollar exchange rate was still low.

I’m from an impoverished country and I really needed to make some money for my family. We were in desperate need of it, barely scraping by.

I found that Belfrics had awesome rates. So, I transferred all of my assets to Belfrics in order to sell them. I tried over and over again, but I couldn’t sell any of them. I decided to ditch Belfrics and pull all of my crypto out. The website gave me a confirmation that my coins have been transferred, however, I did not received anything on my other wallet.

Tech support tells me that it’s a glitch and that the funds will be delivered and the whole situation will be resolved soon.

Waited for a few days, no news, no funds, nothing. Their tech support told me that my account was faulty and that they unverified it. I asked them for a record of the withdrawal and transfer transactions. To which they sent me a record of my initial deposit on their site. It’s been about 5 months now, and my funds are still on the Belfrics site, I feel like I’m going crazy and have no idea as to what I should do!

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Cryptocurrency, Scam

Cancelled my purchase order, but simple-btc kept my money anyway.

I wanted to purchase about $300 worth of Bitcoins through a service called simple-btc. I setted up an account, connected my bank information and sent a request to purchase $300 worth of Bitcoin. But then I changed my mind and cancelled the transaction a few minutes after because I wanted to do it on a different exchange. To my horrible luck, I checked my bank account and realized that $300 were still gone!

I immediately rushed to get on the simple-btc website but it was down!

But since I used PayPal to make the purchase, I contacted them. They looked into the situation and said that simple-btc never canceled my transaction!

It’s ridiculous, pretty much the site fooled me into thinking that it was canceled and then went down completely!

PayPal sided with seller, they still consider Bitcoin as magic internet money. All my money went down the drain. I have no idea why I didn’t just use a reputable exchange or something.

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Cryptocurrency, Scam

Losers disgustingly trying to scare Bitcoin hodlers with the Hurricane Irma tragedy.

Following the damage caused by Hurricane Irma, I got an email from Athena Bitcoin, yay, another blockchain phishing attempt. The email is pretty ridiculous, can’t even believe someone has the gal to try and pull a scam like this.

So, the email from blockchain.info mentioned something about the company’s servers in Tampa Bay, Florida, being damaged by the hurricane. And in order to prevent total data loss, a backup server will be set up, however, there is a risk that it may go offline and all the wallet and crypto data may be lost in limbo. However, the blockchain has servers all over the country, but, only those who had their wallets and keys stored on the Tampa server will be affected.

The email requested an immediate transfer of bitcoin address and holdings to another one provided in the email. The email also tried to scare users like me into transferring funds to the address provided by stating that if the backup server goes down, the organization will carry no responsibility as per the funds and information already stored. Thankfully, I didn’t send any information to the wallet info contained in the email. However, my roommate did, but he ended up losing about a hundred bucks. No biggie I guess, but everyone should remain vigilant in the chaos following Hurricane Irma, especially cryptocurrency aficionados!

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Cryptocurrency, Horror Story

Betcoin doesn’t pay their affiliates.

I have been affiliate marketing for a little while now for Betcoin.ag (introducing new players and etc). For some reason, Betcoin recently banned all of my whales and forced them to make new accounts so that I wouldn’t get any commission. Kind of stunned by this to be entirely honest. I have a friend, who uses Betcoin quite a lot, sometimes wagering even up to 100k in a month.

He was banned by Betcoin on accusations that he was actually me. He contacted their support service, and they told him that if word got out about this ordeal, he wouldn’t be allowed to bet on Betcoin anymore.

I really don’t understand how they could have confused me with a friend of mine who lives in another state?

I created a huge commotion with them through their support service. I wasn’t going to let it go. I was definitely going to get to the bottom of this.

Why I didn’t get any of the money for referring the high rollers to their website?

We finally ended up settling on a pitiful amount that was less than half of the total that they owed me. I felt really betrayed and offended by Betcoin. I urge nobody to work with them because the same thing could happen to you.

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